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

Somnia Sets New Standards for Blockchain Technology

user avatar

by Giorgi Kostiuk

10 months ago


Somnia, a Layer-1 blockchain designed for high-demand consumer applications, demonstrated its capabilities during Devnet testing. The tests showed Somnia’s ability to handle up to 1.05 million ERC-20 token transfers per second.

Devnet Testing: Superior Results

One of the highlights of the Devnet testing was processing 300,000 NFT mints per second with blocks formed every 100 milliseconds. To simulate real-world conditions, the Devnet used 100,000 accounts to execute random transactions, achieving 50,000 Uniswap trades per second.

Our technology is designed to support the demanding requirements of high-performance dApps while maintaining exceptional performance and cost-efficiency, and these impressive results validate our approach. We’re opening the door to a new era of fully on-chain applications, where speed and scalability are no longer barriers for developers.Paul Thomas, Founder and CEO of Somnia

Technology and Infrastructure

Somnia utilized powerful infrastructure distributed across many data centers, with machines featuring up to 32 vCPUs and 120GB of RAM, showcasing AMD EPYC and Intel Xeon processors of the fourth and fifth generation. Key performance metrics include: 1.05 million TPS for ERC-20 transfers, 300,000 NFT mints per second, 50,000 Uniswap trades per second, 100ms block time, and 100 test nodes in diverse locations.

The Future of Somnia and Web3

With the public testnet launch on the horizon, Somnia is set to showcase its blockchain capabilities to developers and the community. This marks a significant advancement in web3 technology and opens new opportunities for innovative application development. Somnia’s ecosystem is committed to maintaining steady performance gains, aiming for even faster transaction rates and lower latency in future iterations.

Somnia demonstrates outstanding efficiency and economy, positioning itself as a leading EVM Layer-1 blockchain. With its unique technology achieving over 1 million transactions per second, Somnia opens new possibilities for scalable applications in gaming, social networks, fintech, and more.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Strong Market Reactions to Forward Industries' Tokenization Initiative

chest

Strong market reactions to Forward Industries' tokenization initiative signal a potential shift in traditional and decentralized finance, as the company aims to expand its DeFi footprint.

user avatarMaria Fernandez

US Banks Begin Exploring Stablecoins After GENIUS Act

chest

Major US banks are beginning to explore the use of stablecoins following the passage of the GENIUS Act.

user avatarGustavo Mendoza

Santiment Reveals Active Wallets Data for Major Cryptocurrencies

chest

Santiment has published data showing the number of active wallets for various cryptocurrencies, highlighting Ethereum as the leader.

user avatarRajesh Kumar

Remittix Lacks Comprehensive Banking Features

chest

Remittix specializes in cross-border payments but lacks a full banking toolkit compared to competitors.

user avatarLuis Flores

Digitap Emerges as a Leading Crypto Presale Contender

chest

Digitap, the world's first omnibank, offers a comprehensive fintech banking platform that integrates fiat and crypto, recently launching a full-stack banking app supporting over 20 fiat currencies and 100 crypto assets.

user avatarMiguel Rodriguez

HBAR Price Continues to Decline Amid Bearish Market Conditions

chest

HBAR price is declining as key support levels fail, with a focus on the 007 yearly low amid bearish market conditions.

user avatarArif Mukhtar

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.