Somnia is a layer 1 blockchain developed by the UK-based Metaverse Technology Company, which runs live alongside its mainnet and introduces the native token, Somi.
According to a press release, the rollout followed a six-month testnet phase, where the network handled over 10 billion transactions, equipped with 118 million unique wallet addresses, attracting more than 70 ecosystem partners.
The Somnia Foundation said TestNet processes 1.9 billion transactions in one day in the Somnia process, a record of EVM compatible blockchains. Coindesk was unable to verify the claims because the Testnet Block Explorer was offline at the time of writing.
“During the testnet, users used the application to test the network to test the mainnet,” Somnia founder Paul Thomas said in an email. “So, we don’t hit the maximum throughput, but that’s because we were the real users using the application. We expect this to grow as the network grows its users and application base.”
Somnia has 60 validators, including Google Cloud, and also validates many other blockchains, including Flare, Celo, and Tezos.
The network claims to provide over 1 million transactions per second with over 1 second throughput and low fees as it will become the most efficient blockchain network for distributed finance (DEFI) and games.
With the MainNet debut, the network is integrated with protocols and tools such as Layerzero, Sequence, ANKR, DIA, and ThirdWeb. Its early ecosystem includes games and social applications such as distributed, Maelstrom, Sparkball.
SOMI tokens are used for transaction fees, validator compensation, and governance.
“This is the first blockchain designed for the speed, scale and responsiveness needed to power real-time virtual experiences, laying the foundation for an open digital asset economy where billions can actually interact, trade and exchange value in an immersive environment.”
