Somnia is a Layer-1 blockchain designed for gaming, metaverse, social & entertainment-heavy applications. It’s EVM-compatible, meaning developers familiar with Ethereum tooling can more easily build on it.
It emphasizes high throughput (aiming for over 1 million transactions per second), sub-second finality, and very low fees. These are important features especially for interactive, real-time applications like games or metaverse social events.
The project is backed by the Virtual Society Foundation (VSF), initiated by the company Improbable. Paul Thomas is a founder. Improbable has experience in virtual worlds / metaverse-type infrastructure, which supports Somnia’s aims.
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Token – SOMI: Utility & Tokenomics
Here are key details of the native token SOMI:
Feature Details
Max supply 1,000,000,000 SOMI tokens. Circulating supply At launch / early stages around 160.2 million, i.e. about 16.02% of total. Consensus / staking model Delegated Proof of Stake (dPoS). SOMI is used to stake for validators, or delegated to validators if you don’t run a node. Utility roles Used for gas fees (paying for transactions, deploying smart contracts, NFTs etc.), staking to secure the network, governance (voting on upgrades etc.), and ecosystem incentives/rewards. Deflationary aspects 50% of transaction (gas) fees are burned (i.e. permanently removed from circulation) — this helps reduce circulating supply over time and creates scarcity. $SOMI #Somnia @Somnia Official