• 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

Ethereum ETF Outflows Indicate Waning Institutional Appetite

chest

Ethereum spot ETFs experienced significant outflows, signaling reduced interest from institutional investors.

user avatarFilippo Romano

Ripple Unveils Institutional DeFi Roadmap for XRP Ledger

chest

Ripple has published a roadmap aimed at transforming the XRP Ledger into a comprehensive financial operating environment for institutions.

user avatarEmily Carter

Solana Network Activity Remains Strong Despite Price Decline

chest

Solana's network shows resilience with over 31 billion in DEX spot volume processed, indicating strong user engagement despite price declines.

user avatarTomas Novak

Market Analysis Indicates Potential Short-Term Base for Solana

chest

Market analysis indicates potential short-term base for Solana.

user avatarKaterina Papadopoulou

Solana Faces Significant Selloff Amid Institutional Caution

chest

Solana has experienced a sharp selloff, leading to a fragile market condition as it approaches a key demand zone.

user avatarMaya Lundqvist

Ethereum Price Falls Below Critical Support Level.

chest

Ethereum's price has fallen below the crucial $2,000 mark due to significant selling pressure from large and small investors.

user avatarLeo van der Veen

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.