Question 1

What is Somnia?

Accepted Answer

Somnia is an EVM-compatible Layer 1 blockchain designed to support real-time, high-volume decentralised applications such as games, social platforms and metaverse environments. It achieves high throughput through technical innovations including compiled EVM bytecode, a custom database (IceDB), and a MultiStream consensus mechanism, enabling over 1,000,000 transactions per second (TPS) with sub-second finality.

Unlike other EVM chains that use traditional consensus structures, Somnia’s architecture separates data generation and consensus. Validators each maintain their own "data chain", while a central "consensus chain" aggregates and finalises the state. This structure allows for increased scalability and the use of streaming compression and BLS signature aggregation, reducing bandwidth and improving efficiency.

Somnia also introduces a custom gas model that reflects the real computational and storage costs of transactions, incorporating dynamic discounts and a dual-fee system where 50% of gas fees are burnt and 50% are distributed to validators.

Initial use cases include gaming, metaverse applications, DeFi infrastructures, and fully on-chain social platforms. The platform is designed to extend to any application requiring high-speed, decentralised infrastructure.

Question 2

What is Somnia (SOMI) token used for?

Accepted Answer

SOMI is the native utility and staking token of the Somnia blockchain. It is used for the following functions:

- **Gas Fees**: All transactions and smart contract operations on the network are paid for using SOMI tokens.
- **Staking**: Validators are required to stake 5 million SOMI to participate in consensus. Token holders can also delegate tokens to validators in return for a portion of validator rewards.
- **Governance**: SOMI will be used in the governance framework to inform decisions related to fund allocations, protocol upgrades and network direction. Governance features will expand over time through a three-phase decentralisation roadmap: Bootstrap, Transition and Mature phases.
- **Delegated Staking**: Token holders can delegate their SOMI to validator-specific or general pools. Depending on the validator’s configuration, token holders may earn a share of gas fee rewards.
- **Network Security**: The delegated proof-of-stake (dPoS) mechanism relies on SOMI to secure the network. Misbehaving validators are subject to slashing.

SOMI is also required to participate in infrastructure development, resource allocation and incentive distribution across the ecosystem.

Interoperability with other blockchains is enabled through omnichain deployments and bridging via LayerZero’s Stargate.

Question 3

Who created Somnia (SOMI)?

Accepted Answer

Somnia was founded by **Paul Thomas**, who also serves as the CEO. He leads the project’s mission to build a virtual society powered by blockchain infrastructure.

The development of the blockchain is supported by **Improbable**, a technology company focused on networked virtual experiences, and **MSquared**, a metaverse initiative also backed by Improbable. These organisations contribute to the technical architecture and core components of the Somnia network.

The token (SOMI) is issued by **Somnia Token Co Ltd**, and the broader ecosystem is coordinated by a **Cayman Islands-based Foundation**, with governance transitioning over time to a decentralised structure. The project’s governance includes a Board of Directors, a legal Supervisor and regulatory oversight, alongside the development of a community-driven governance system.

Somnia includes a secondary implementation called **Cuthbert**—a non-optimised, independent system used to cross-check the main client and enhance security.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SOMI-USDT SOMI_USDT	whitebit	BB	0.1630USDT	1.18%	1,058,627.30SOMI	6,131	0.1611USDT	0.1701USDT
2	SOMI-USDT SOMIUSDT	binance	AA	0.1629USDT	0.93%	667,384.00SOMI	2,474	0.1613USDT	0.1695USDT
3	SOMI-USDT SOMIUSDT	bybit	A	0.1630USDT	0.90%	170,972.90SOMI	910	0.1616USDT	0.1699USDT
4	SOMI-USDT SOMI_USDT	gateio	A	0.1629USDT	1.09%	83,113.00SOMI	1,653	0.1612USDT	0.1696USDT
5	SOMI-USD SOMIUSD	kraken	AA	0.1628USD	2.13%	83,429.75SOMI	60	0.1593USD	0.1685USD
6	SOMI-EUR SOMIEUR	kraken	AA	0.1446EUR	0.70%	67,732.95SOMI	48	0.1436EUR	0.1513EUR
7	SOMI-USDT SOMI-USDT	kucoin	BB	0.1626USDT	0.56%	57,757.49SOMI	183	0.1617USDT	0.1696USDT
8	SOMI-USDT SOMIUSDT_SPBL	bitget	BB	0.1627USDT	0.68%	42,024.33SOMI	329	0.1616USDT	0.1697USDT
9	SOMI-USDC SOMIUSDC	binance	AA	0.1625USDC	0.49%	31,320.00SOMI	62	0.1617USDC	0.1686USDC
10	SOMI-TRY SOMITRY	binance	AA	8.13TRY	0.62%	7,503.60SOMI	31	8.08TRY	8.38TRY
11	SOMI-USDT SOMI-USDT	bigone	-	0.1613USDT	-0.86%	1,018,246.20SOMI	4,868	0.1627USDT	0.1685USDT
12	SOMI-USDT SOMIUSDT	toobit	C	0.1625USDT	0.68%	425,233.90SOMI	5,154	0.1613USDT	0.1697USDT
13	SOMI-USDT SOMI_USDT	bitunix	C	0.1624USDT	0.43%	422,966.00SOMI	5,972	0.1617USDT	0.1696USDT
14	SOMI-USDT SOMIUSDT	mexc	C	0.1624USDT	0.44%	344,465.06SOMI	2,992	0.1617USDT	0.1695USDT
15	SOMI-USDT SOMI_USDT	bydfi	-	0.1624USDT	0.44%	294,208.77SOMI	2,941	0.1617USDT	0.1695USDT
16	SOMI-USDT SOMIUSDT	bitrue	D	0.1625USDT	0.81%	274,996.30SOMI	4,769	0.1612USDT	0.1696USDT
17	SOMI-USDT somi_usdt	lbank	C	0.1626USDT	0.56%	208,440.26SOMI	3,767	0.1617USDT	0.1697USDT
18	SOMI-USDT SOMI-USDT	bingx	D	0.1624USDT	0.62%	181,142.43SOMI	4,437	0.1613USDT	0.1697USDT
19	SOMI-KRW KRW-SOMI	upbit	B	219.00KRW	-0.45%	133,540.73SOMI	131	220.00KRW	229.00KRW
20	SOMI-EUR SOMI-EUR	bitvavo	B	0.1450EUR	0.83%	63,939.92SOMI	79	0.1438EUR	0.1511EUR
21	SOMI-KRW SOMI_KRW	bithumbkorea	-	217.00KRW	0.93%	27,099.24SOMI	89	215.00KRW	226.00KRW
22	SOMI-USDT somi_usdt	digifinex	D	0.1629USDT	0.74%	19,291.56SOMI	950	0.1617USDT	0.1693USDT
23	SOMI-USDT somiusdt	huobipro	C	0.1603USDT	0.19%	11,695.05SOMI	34	0.1601USDT	0.1681USDT
24	SOMI-USDT somi_usdt	xtpub	-	0.1630USDT	0.80%	8,328.10SOMI	615	0.1617USDT	0.1696USDT
25	SOMI-IDR somiidr	indodax	E	3,210.00IDR	12.55%	447.00SOMI	12	2,852.00IDR	3,210.00IDR
26	SOMI-THB THB_SOMI	bitkub	C	5.51THB	2.65%	127.95SOMI	2	5.36THB	5.51THB
27	SOMI-USDT USDT-SOMI	upbit	B	0.1208USDT	0.00%	0SOMI	0	0.1208USDT	0.1208USDT
28	SOMI-BTC BTC-SOMI	upbit	B	0.0₅2430BTC	0.00%	0SOMI	0	0.0₅2430BTC	0.0₅2430BTC