@Somnia Official
Somnia is a Layer‑1 blockchain that is EVM‑compatible (i.e. it supports the Ethereum toolset, smart contracts, etc.) but is optimized for much greater performance.
It is built by Improbable in partnership with the Somnia Foundation and other backers, with the goal of enabling real‑time, mass‑consumer applications like games, metaverses, social apps, etc.
Native token: SOMI. Used for transaction/gas fees, staking (validator staking, delegated staking), and eventually governance.
Supply: The total (max) supply is 1,000,000,000 (1 billion) SOMI.
Circulating supply: As of recent data, ~160.2 million SOMI tokens are in circulation.
Use of fees: Gas fees are partially burned (i.e. destroyed) and partially awarded to validators. This introduces a deflationary pressure depending on usage.
Staking & Delegation: Validators need to stake SOMI, and token holders who don’t run nodes can delegate to validators. Delegators share in rewards.
