Somnia, a Layer 1 blockchain developed by UK-based metaverse technology company Improbable, has officially launched its mainnet and introduced its native token, SOMI.
After a successful six-month testnet phase where the network processed over 10 billion transactions, onboarded 118 million unique wallet addresses, and partnered with over 70 ecosystem partners, Somnia is now ready for prime time, as stated in a press release.
The Somnia Foundation reported that during the testnet, Somnia achieved a record-breaking 1.9 billion transactions in a single day, setting a new benchmark for EVM-compatible blockchains. CoinDesk was unable to verify these claims due to the testnet block explorer being offline at the time of publication.
Founder of Somnia, Paul Thomas, mentioned, “During the testnet phase, real users tested the network with applications, simulating real-world conditions. As the network expands its user and application base, we anticipate even greater scalability.”
Somnia has recruited 60 validators, including tech giant Google Cloud, which also validates other prominent blockchains like Flare, Celo, and Tezos.
The network boasts a throughput of over one million transactions per second, with sub-second finality and low fees, positioning itself as the premier blockchain network for decentralized finance (DeFi) and gaming.
At its mainnet launch, Somnia is already integrated with various protocols and tools such as LayerZero, Sequence, Ankr, DIA, and Thirdweb. Its initial ecosystem includes gaming and social applications like Variance, Maelstrom, and Sparkball.
The SOMI token will serve multiple purposes, including transaction fees, validator rewards, and governance.
“Somnia is the first blockchain specifically designed to meet the speed, scale, and responsiveness required for real-time virtual experiences, paving the way for an open digital asset economy where billions can engage, transact, and exchange value in immersive environments,” stated Herman Narula, founder and CEO of Improbable.
