Somnia is a fast, EVM-compatible Layer 1 blockchain built for large-scale use, handling 400,000+ transactions per second (TPS) with sub-second finality. It’s designed for real-time, fully on-chain apps like games, metaverses, social platforms, and DeFi. It is powered by innovative technologies such as MultiStream Consensus, accelerated EVM execution, IceDB, and streaming compression.

Somnia (SOMI) was founded in 2024 by Paul Thomas.

• SOMI token: SOMI is the native utility token of the Somnia network. It is used for transaction fees, staking, governance, ecosystem incentives, and network security.

• High throughput: Somnia achieves over 1,000,000 transactions per second (TPS) with instant confirmations and minimal fees, making it ideal for real-time applications.

• EVM compatibility: Somnia runs Ethereum smart contracts but compiles them into faster native code, giving it the speed of C++ while staying fully compatible with Ethereum tools.

• Built for dApps: Designed specifically for applications like games, social platforms, metaverses, and high‑performance DeFi, Somnia supports fully on‑chain logic and rich user interactivity at scale.

Somnia (SOMI) stands out as a highly promising crypto with serious long-term potential. Its industry-leading performance, demonstrated by fast transactions per second, sub-second finality, and major testnet milestones, is already powering real-world applications and securing massive engagement. Backed by substantial investment, strategic partnerships, and exchange listings, SOMI has structural momentum behind it. While early volatility and mixed trader sentiment reflect its newness, its foundational strengths make it a standout play for forward-looking DeFi, gaming, and metaverse builders.

You can buy SOMI from crypto platforms like CoinSwitch.

• SOMI can be bought and traded on crypto platforms like CoinSwitch. 

• SOMI is used to pay transaction fees across the Somnia network.

• Validators can stake SOMI to operate nodes, secure the network, and earn passive rewards.

• Token holders are given governance rights to vote on future protocol upgrades and policy decisions.

• Somnia can process over 400,000–1,000,000 TPS with sub-second finality, far exceeding traditional EVM chains.

• With over 1,200 dApps already active from GameFi and DeFi to Metaverse apps, its ecosystem is rapidly growing.

• Somnia supports Unity, Unreal, and more, making it easy to build games, metaverses, and immersive Web3 apps.

• SOMI is subject to market volatility like all cryptos.

• Somnia faces stiff competition from well-established blockchains like Solana, Avalanche, and other Ethereum L2 platforms.

• Somnia is still in a nascent stage, and adoption must accelerate for the platform and its token to attain mainstream popularity.

• Start investing in SOMI with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Instead of an Initial Coin Offering (ICO), Somnia held a Token Generation Event (TGE), during which approximately 16% of the total supply was unlocked.  Key allocations include 11% for the team and 15% for partners, both with a 12-month cliff and 4-year vesting. Investors (15.15%) and advisors (3.58%) follow similar timelines. The ecosystem fund (27.35%) had a small TGE unlock, while the community (27.93%) saw nearly 11% unlocked at launch.