• 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

a year 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

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

BNB Chain Surpasses Competitors as Largest Host for Franklin Templeton's Benji Assets

chest

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, holding approximately $15 billion of tokenized money market fund assets.

user avatarTando Nkube

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.