Somnia $SOMI Joins MEXC: Trade SOMI/USDT on Sept 2

Discovering Somnia ($SOMI)

Somnia $Somi Joins Mexc: Trade Somi/Usdt On Sept 2

Somnia represents a revolutionary advancement in blockchain technology, providing an ultra-fast EVM Layer-1 platform capable of executing over 1 million transactions per second with instantaneous finality and remarkably low transaction costs. This exceptional efficiency allows Somnia to cater not just to traditional financial applications but also to diverse sectors such as gaming, social networks, metaverse environments, and sophisticated AI applications. Its architecture promotes flexible and composable systems, encouraging developers to create engaging and scalable digital experiences for a massive user base.

Somnia Overview

Somnia is designed to be a high-speed Layer-1 blockchain that offers the capabilities of a high-performance computer for gaming, immersive storytelling, NFT creation, and decentralized finance.

Being EVM-compatible allows developers to seamlessly transition from Ethereum and utilize familiar tools effectively.

Somnia stands out due to its unique speed and affordability:

  • It processes over 1 million transactions per second (TPS).

  • It features sub-second finality (ensuring transactions are confirmed almost immediately).

  • Transaction costs are less than a cent.

Created by the Virtual Society Foundation (VSF) in collaboration with Improbable, a leading technology firm based in the UK, Somnia is spearheaded by Paul Thomas.

Partners supporting Somnia include CoinGecko, Everstake, CryptoRank, thirdweb, and MEXC, enhancing its ecosystem immensely.

Impact of Somnia on the Crypto Ecosystem

Somnia aims to streamline and enhance digital interactions. Here’s how it positively influences various sectors:

  • Gaming and Metaverse ? Allows a greater number of players to engage without latency.

  • Developer-Friendly ? Compatible with Ethereum Blockchain tools, enabling rapid project development.

  • Improved Applications ? Facilitates seamless operations for NFTs, DeFi, and community apps.

  • Enhanced Transparency ? Partners with Dune, providing real-time data insights.

Somnia Token Listing Details

Somnia Token is now available on exchanges such as MEXC.

Notable attributes of Somnia include:

  • MultiStream Consensus ? Optimizes data processing by separating data and agreement layers, expediting validator operations.

  • Compiled EVM Bytecode ? Transforms Ethereum code into quicker machine code for enhanced efficiency.

  • ICEdb Database ? Capable of rapid read/write operations (70–100 nanoseconds).

  • Advanced Compression ? Enhances data transfer efficiency while minimizing storage requirements.

  • 1M+ TPS, Sub-Second Finality, and Low Transaction Fees ? Ideal for applications requiring high throughput.

  • Omnichain Functionality ? Facilitates asset and data movement across distinct blockchains and metaverse environments.

  • Commitment to Transparency ? Combines efforts with Dune to provide insights into ecosystem activities.

Future Trajectory of Somnia

Somnia outlines a promising roadmap:

  • Public Testnet ? Launch set for February 21, 2025, with a goal of attracting 1 million users.

  • Testnet Milestones ? By June 2025, the testnet is projected to have achieved 100 million blocks, 96 million wallets, and block times of 0.1 seconds.

  • Grants for Developers ? A $10 million grant initiative announced in October 2024, with ongoing support expected.

  • Funding Achievements ? Successfully raised $270 million by February 2025, inclusive of grants and accelerator support for gaming.

  • Strategic Partnerships ? Collaborating with Dune (August 2025) to provide comprehensive analytics.

Somnia is rapidly expanding its influence while offering robust support for developers.

Somnia Whitepaper Insights

The Somnia whitepaper outlines its innovative approach:

  • Cutting-edge consensus mechanisms, decentralized storage, blockchain interoperability, advanced compiler integrations, effective data compression, all engineered to achieve an astonishing 1 Million Transactions Per Second (TPS).

  • A comprehensive toolkit for developers, accompanied by robust ecosystem support.

  • Performance insights and analytics from our testnet.

  • An innovative governance model and token utility (including staking, transaction fees, and validator incentives).

It portrays Somnia’s technical aspirations and its potential to empower decentralized applications and ecosystems.

Understanding Somnia Tokenomics

The native token of Somnia is known as SOMI.

  • Total Supply: 1 billion SOMI tokens in circulation.

  • Distribution:

    • Core Team: 11%

    • Strategic Partners: 15%

    • Seed Investors: 15.15%

    • Consultants: 3.58%

    • Ecosystem Development: 27.345%

    • Community Initiatives & Airdrops: 27.925%

  • Token Airdrop: 5% allocated for community engagement and early adopters.

    • 20% available immediately at launch (TGE).

    • 80% released upon completion of tasks within 60 days.

    • Any unclaimed tokens will revert to the ecosystem fund.

  • Utility of Tokens: Usage includes transaction fees, staking, node operation, and participatory governance.

  • Deflationary Mechanism: 50% of all transaction fees will be burned, with 10% earmarked for validator rewards.

Meet the Somnia Team

  • Founder: Paul Thomas, an industry veteran.

  • Developed by the Virtual Society Foundation alongside the renowned Improbable (UK tech firm).

  • Leadership team includes Herman Narula, CEO of Improbable, and Peter Lipka, COO.

Somnia Fundraising Achievements

In February 2025, Somnia secured $270 million in funding.

Key investment highlights include:

  • $10M Developer Incentive Program

  • $10M for Gaming Ventures

Renowned investors encompass a16z, SoftBank, Mirana, MSquared, Spartan Capital, and CMT Digital, among others.

Details on Somnia Listing

  • Launch Date: Somnia trading commenced on September 2, 2025, at 14:30:02 UTC, as reported by CoinMarketCap.

  • MEXC Pre-Market Trading: Perpetual futures for SOMI/USDT offered for preliminary trading.

How to Execute Trades on MEXC:

  1. Log in to your MEXC account.

  2. Navigate to Contract Trading > USDT-M Pre-Market.

  3. Select the SOMI-USDT contract.

  4. Proceed with caution: Low liquidity entails higher risk. Always utilize stop-loss or take-profit mechanisms.

Somnia $SOMI is set to debut on MEXC against SOMI/USDT on September 2nd, 2025 at 14:30 (UTC)

Angela Idowu
Angela Idowu
Tokenomics Analyst

Angela brings a unique blend of finance and blockchain expertise to her role. She specializes in breaking down token models, distribution mechanics, staking structures, and sustainability of crypto economies. Her analyses help Bitrabo readers understand the underlying dynamics of the tokens they interact with.