• 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

Concerns Mount in South Korean Tech Industry Over New AI Law

chest

The South Korean tech industry is raising concerns about the AI Basic Act, which is set to take effect on January 22, due to its vagueness and potential challenges in implementation.

user avatarLi Weicheng

Top 5 Cryptos Before New Year

chest

The top five cryptocurrencies before the New Year include Dash, Polkadot, Story IP, Filecoin, and the standout performer, Canton CC.

user avatarAisha Farooq

Bitcoin Risks Historic Yearly Candle Close as Market Trends Shift

chest

Bitcoin is at risk of closing the yearly candle in red for the first time in 14 years, with only days left to monitor market conditions.

user avatarTenzin Dorje

Crosschain Swaps Gain Traction Among Crypto Users

chest

Crosschain swaps are gaining popularity as users aim to transfer assets between networks like Ethereum and Fantom, seeking to exchange Wrapped Bitcoin (WBTC) for Fantom (FTM) while saving time, reducing fees, and simplifying the asset exchange process.

user avatarBayarjavkhlan Ganbaatar

Astra Nova Rallies After LBank Listing Despite Overhang Risks

chest

Astra Nova experiences a strong price surge following its listing on LBank, despite lingering concerns from a previous hack.

user avatarDiego Alvarez

Kyuzos Friends Surges on Exchange Listings and Airdrop Hype

chest

Kyuzos Friends has posted a remarkable 45% gain in just 24 hours and a staggering 175% increase over the past week, driven by recent exchange listings and airdrop campaigns.

user avatarElias Mukuru

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.