• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Somnia Launches Devnet: Up to 400,000 Transactions per Second

user avatar

by Giorgi Kostiuk

a year ago


Somnia, a next-generation blockchain platform, has officially launched its Devnet, offering unprecedented access to a high-speed blockchain capable of handling up to 400,000 transactions per second for both Web3 users and developers.

Performance and Capabilities of Somnia Devnet

Somnia's Devnet provides users and developers a firsthand look at the platform’s real-time capabilities, opening up new possibilities for decentralized applications across various sectors like gaming, social finance, DeFi, and metaverse interactions. The platform is capable of sustaining over 400,000 transactions per second with finality in less than a second, regardless of network demand.

Platform Features and Technical Details

Somnia employs a unique architecture and technological innovations that keep transaction fees under a cent. Its blockchain uses a proprietary database allowing ultra-fast read and write speeds between 15 to 100 nanoseconds and enhances data transfer rates between nodes by 10 to 20 times. Full compatibility with the Ethereum Virtual Machine ensures developers can build reactive applications within Solidity.

Future Plans and Program Initiatives

Somnia has opened applications for its first developer cohort, inviting participants to build and test on its network. Accepted participants will benefit from a $10 million grant program for technical guidance and support. The Devnet will allow users to interact with an initial lineup of decentralized applications including a DEX, NFT platforms, and games using Somnia Test Tokens acquired through a faucet.

Somnia envisions its blockchain as the key to an on-chain future, where data and applications integrate seamlessly with blockchain technology. By offering rapid transaction speeds and negligible fees, Somnia creates opportunities for Web3 developers and users, revolutionizing the blockchain space with unmatched speed, efficiency, and scalability.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Sentiment Surges Amid Market Decline

chest

Recent data shows increasing optimism about XRP among social media users, contrasting with declining sentiment for Bitcoin and Ethereum during the market downturn.

user avatarSatoshi Nakamura

Vitalik Buterin Executes Strategic Ether Sales to Minimize Market Impact

chest

Vitalik Buterin sold approximately 2,961.5 ETH valued at around $66 million over a three-day period using multiple smaller trades via CoW Protocol to minimize market impact.

user avatarJesper Sørensen

Cardano Price Faces Downward Pressure Amid Weak Market Sentiment

chest

The Cardano price outlook is deteriorating due to weakening market structure and fading ETF optimism.

user avatarLucas Weissmann

Hyperliquids HYPE Surges Amid Ripple Integration

chest

Hyperliquids HYPE experienced a remarkable 62% increase in price following its integration with Ripple's ecosystem, contrasting with the broader crypto market's decline.

user avatarRajesh Kumar

Crypto Patel Highlights Dogecoin's Key Support Level for Potential Price Surge

chest

Crypto analyst Crypto Patel highlights that Dogecoin has returned to a crucial macro support level, suggesting potential for significant price increases.

user avatarFilippo Romano

Elliott Wave Analyst Provides XRP Price Breakdown Amid Pullback

chest

A certified Elliott Wave analyst explains the current XRP price pullback and maintains a long-term bullish outlook.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.