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 SOMIUSDT	binance	AA	0.1940USDT	-4.01%	5,543,700.90SOMI	14,188	0.2021USDT	0.2061USDT
2	SOMI-USDT SOMI_USDT	whitebit	BB	0.1941USDT	-3.72%	2,070,067.60SOMI	14,216	0.2016USDT	0.2061USDT
3	SOMI-USDT SOMIUSDT	bybit	A	0.1940USDT	-4.10%	1,990,544.10SOMI	10,150	0.2023USDT	0.2060USDT
4	SOMI-USDT SOMI-USDT	kucoin	BB	0.1941USDT	-3.86%	1,632,814.67SOMI	2,285	0.2019USDT	0.2061USDT
5	SOMI-TRY SOMITRY	binance	AA	9.34TRY	-4.01%	1,335,545.60SOMI	3,129	9.73TRY	9.96TRY
6	SOMI-USDC SOMIUSDC	binance	AA	0.1938USDC	-4.20%	824,421.00SOMI	1,116	0.2023USDC	0.2063USDC
7	SOMI-USDT SOMIUSDT_SPBL	bitget	BB	0.1945USDT	-4.05%	537,862.57SOMI	1,774	0.2027USDT	0.2064USDT
8	SOMI-USD SOMIUSD	kraken	AA	0.1951USD	-3.61%	323,416.06SOMI	339	0.2024USD	0.2058USD
9	SOMI-EUR SOMIEUR	kraken	AA	0.1697EUR	-2.92%	281,850.60SOMI	254	0.1748EUR	0.1790EUR
10	SOMI-USDT SOMI_USDT	gateio	A	0.1939USDT	-3.91%	209,249.00SOMI	2,589	0.2018USDT	0.2067USDT
11	SOMI-USDT SOMIUSDT	cexio	BB	0.1988USDT	3.80%	647.75SOMI	3	0.1915USDT	0.2011USDT
12	SOMI-USD SOMIUSD	cexio	BB	0.1984USD	-1.19%	571.25SOMI	4	0.2008USD	0.2008USD
13	SOMI-USDC SOMIUSDC	cexio	BB	0.1967USDC	7.85%	343.64SOMI	2	0.1824USDC	0.1991USDC
14	SOMI-KRW KRW-SOMI	upbit	B	264.00KRW	-4.69%	2,814,923.04SOMI	1,698	277.00KRW	282.00KRW
15	SOMI-KRW SOMI_KRW	bithumbkorea	-	262.00KRW	-4.38%	1,540,411.79SOMI	8,761	274.00KRW	278.00KRW
16	SOMI-USDT somi_usdt	lbank	C	0.1936USDT	-3.97%	1,244,666.89SOMI	6,708	0.2016USDT	0.2061USDT
17	SOMI-USDT somi_usdt	xtpub	-	0.1940USDT	-4.01%	1,102,920.60SOMI	3,571	0.2021USDT	0.2060USDT
18	SOMI-USDT SOMI-USDT	bigone	-	0.1941USDT	-3.62%	966,072.00SOMI	4,670	0.2014USDT	0.2064USDT
19	SOMI-USDT SOMIUSDT	toobit	C	0.1939USDT	-3.91%	897,825.20SOMI	8,262	0.2018USDT	0.2060USDT
20	SOMI-EUR SOMI-EUR	bitvavo	B	0.1693EUR	-3.57%	877,837.66SOMI	388	0.1755EUR	0.1789EUR
21	SOMI-USDT SOMIUSDT	bitrue	D	0.1938USDT	-3.92%	578,999.50SOMI	5,337	0.2017USDT	0.2062USDT
22	SOMI-USDT SOMI_USDT	bitunix	C	0.1940USDT	-3.77%	468,948.30SOMI	7,325	0.2016USDT	0.2061USDT
23	SOMI-USDT SOMIUSDT	mexc	C	0.1939USDT	-3.99%	424,292.14SOMI	3,316	0.2019USDT	0.2059USDT
24	SOMI-USDT SOMI_USDT	bydfi	-	0.1939USDT	-3.99%	393,952.87SOMI	3,386	0.2019USDT	0.2059USDT
25	SOMI-USDT SOMI-USDT	bingx	D	0.1941USDT	-3.82%	387,415.95SOMI	10,001	0.2018USDT	0.2062USDT
26	SOMI-USDT somi_usdt	digifinex	D	0.1941USDT	-4.01%	156,589.32SOMI	4,370	0.2022USDT	0.2060USDT
27	SOMI-USDT somiusdt	huobipro	C	0.1952USDT	-2.45%	38,550.42SOMI	198	0.2001USDT	0.2114USDT
28	SOMI-USDT SOMIUSDT	coinex	C	0.1940USDT	-3.98%	13,517.34SOMI	8,631	0.2021USDT	0.2053USDT
29	SOMI-IDR somiidr	indodax	E	3,413.00IDR	-2.43%	8,486.57SOMI	84	3,498.00IDR	3,786.00IDR
30	SOMI-USDT USDT-SOMI	upbit	B	0.1089USDT	0.00%	0SOMI	0	0.1089USDT	0.1089USDT
31	SOMI-BTC BTC-SOMI	upbit	B	0.0₅2250BTC	0.00%	0SOMI	0	0.0₅2250BTC	0.0₅2250BTC
32	SOMI-THB THB_SOMI	bitkub	C	5.80THB	0.00%	0SOMI	0	5.80THB	5.80THB