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

Somnia Tests 400k Transactions per Second Blockchain Capability

user avatar

by Giorgi Kostiuk

2 years ago


Somnia promises to revolutionize the blockchain world with impressive internal test results, achieving over 400,000 transactions per second at minimal cost.

Somnia's Innovation and Technology

The network's high speed comes from advanced technology, including a custom IceDB database, compression methods, and a Multistream Consensus system. Developers can use familiar Ethereum tools due to full EVM compatibility.

Opportunities for Developers

Somnia opens public testing of its devnet where users can try decentralized applications like DEX, NFTs, and games using STT test tokens. There's a $10 million grant program for developers.

Partnerships and Infrastructure

The company has partnered with Ankr, Hemera, and thirdweb, ensuring stable operation and support for developers from infrastructure to app creation.

Hemera is excited to announce the first high-performance EVM-compatible L1 partner @Somnia_Network, providing programmable and verifiable data infrastructure.Hemera

Somnia's public Devnet is more than just a testing ground. It's a means to gain real-world feedback and fine-tune technology for faster, cheaper, more accessible blockchain operations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

CFTC Introduces New Self-Reporting Guidelines for Crypto Firms

chest

The CFTC has released new guidelines aimed at encouraging self-reporting and cooperation among regulated entities, including crypto firms.

user avatarTomas Novak

Ostium Trading Halted Due to Oracle Key Compromise

chest

Ostium has halted trading due to a significant exploit linked to a compromised oracle private key, affecting price feed integrity.

user avatarKaterina Papadopoulou

SEC and CFTC Initiate Joint Consultation to Clarify Crypto Derivatives Regulations

chest

The SEC and CFTC have launched a joint consultation to clarify the regulatory landscape for digital asset derivatives.

user avatarMaya Lundqvist

IREN Stock Rallies Nearly 7% After Securing $2.8 Billion AI Contract

chest

IREN stock surged nearly 7% after securing a $2.8 billion AI contract.

user avatarLeo van der Veen

White House's Ethics Deal Could Propel CLARITY Act Forward

chest

The White House has reached an agreement on an ethics package for the CLARITY Act, potentially paving the way for its passage in the Senate.

user avatarLi Weicheng

Stablecoin Growth on Solana Enhances DeFi and Payment Applications

chest

The growth of stablecoins on Solana is expected to enhance DeFi lending markets and payment applications.

user avatarMohamed Farouk

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.