Somnia Mainnet Launches, Introducing SOMI Token After Processing 10 Billion Test Transactions
Business/Tech

Somnia Mainnet Launches, Introducing SOMI Token After Processing 10 Billion Test Transactions

The Improbable-created blockchain claims to have successfully processed over 10 billion transactions during its test phases and includes Google Cloud among its validators.

What to know:

  • Somnia, created by Improbable and supported by the Somnia Foundation, has officially launched its mainnet along with the native token, SOMI.
  • During a six-month test period, the network processed over 10 billion transactions, gaining credibility despite some claims remaining unverified by CoinDesk.
  • At its launch, Somnia has brought on board 60 validators, including Google Cloud, along with integrations featuring LayerZero, Sequence, Ankr, DIA, and Thirdweb.

Somnia, positioned as a Layer 1 blockchain by the UK’s Improbable, has gone live with its mainnet and launched its token, SOMI. This rollout follows a six-month testnet that recorded over 10 billion transactions and onboarded 118 million unique wallets, alongside over 70 ecosystem partners.

The Somnia Foundation reported that during test phases, the network achieved processing 1.9 billion transactions in a single day, setting a new record for EVM-compatible blockchains, although verification was not possible as the test block explorer was offline.

In an email, founder Paul Thomas commented on user testing of applications as if it were live; thus the network did not reach its maximum capacity. As the user base expands, scaling is anticipated.

Somnia has secured partnerships with 60 validators, Google Cloud being among them, which also validates various other blockchains such as Flare, Celo, and Tezos.

The network professes to execute over a million transactions per second, ensuring sub-second finality and minimal fees, aiming to be the leading blockchain for decentralized finance (DeFi) and gaming.

The SOMI token is designated for transaction fees, validator incentives, and governance.

Herman Narula, Improbable’s CEO, stated, “It is the first blockchain designed for the speed, scale, and responsiveness necessary for real-time virtual experiences, establishing a foundation for a universal digital asset economy where billions interact, transact, and exchange value within immersive settings.”

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