Key Details on the $SOMI Token Launch

The Somnia Foundation has released detailed information regarding its native $SOMI token, highlighting its roles in governance, staking, and validator rewards. The foundation confirmed the launch of the token’s first airdrop, which will reward early testnet users, creators, and developers who contributed to the platform’s development.

A new eligibility checker tool was also introduced, enabling community members to verify their qualification for the initial distribution. This step represented a continued effort by Somnia to build a community-driven network and expand its web3 ecosystem.

Key Details on the $SOMI Token Launch

Development Progress and Network Performance

Somnia’s development has moved beyond its original focus on metaverse applications. The launch of the Devnet in November 2024 demonstrated the network’s capacity to process over 1.05 million transactions per second, significantly exceeding the initial projection of 400,000. The network achieved transaction speeds of 50,000 per second for swaps and 300,000 per second for NFT mints, all with sub-second latency.

Following this, the Shannon Testnet, named after Claude Shannon, further increased network activity. More than 60 validators and 70 projects joined the testnet phase, and the system processed over two billion transactions. The results from this phase laid the groundwork for introducing the $SOMI token and the mainnet launch.

Key Details on the $SOMI Token Launch

$SOMI Token Utility and Structure

The $SOMI token is designed to function as the primary utility asset within the Somnia network. It will be used to pay gas fees, support validator staking mechanisms, and provide access to various platform services. Over time, token holders will also gain governance rights, allowing the community to participate in decisions that guide network development.

The total supply of $SOMI is capped at one billion tokens. To mitigate long-term inflationary pressures, the foundation has allocated 10 percent of the total supply to validator rewards instead of continuous issuance. A deflationary element is also included, with half of all gas fees collected on the network permanently removed from circulation.

Key Details on the $SOMI Token Launch

Airdrop and Community Participation

The first $SOMI airdrop is intended to reward users who contributed during the early stages of Somnia’s development. Eligibility is based on participation in the testnet, completion of platform quests, and engagement in community activities. Users with higher Authena scores, specific Discord roles, and ownership of ecosystem NFTs qualified for the rewards. Accounts that attempted to manipulate the system, such as through wallet hopping, were excluded.

The largest portion of the airdrop, slightly over four percent of the total supply, has been allocated to testnet participants who completed quests and provided feedback. Smaller portions were distributed to creators, holders of SomniYaps, and owners of Quills NFTs who supported cultural and creative activities. Developers with technical roles and power users engaged with NFT collections also received recognition.

Key Details on the $SOMI Token Launch

Future Incentives and Ecosystem Initiatives

The $SOMI token launch and initial airdrop form part of a broader plan to sustain ecosystem growth. Somnia has reserved an additional eight percent of the total supply to incentivize developers, creators, and active community members. The foundation is also preparing to launch Somnia Mines, a project expected to create new ways for users to interact with applications and earn tokens, although full details have not yet been disclosed.

Earlier in 2025, Somnia hosted its first Gaming Week, offering prize pools totaling more than $10,000 across titles including Hive Invasion, Maelstrom, and Variance. The foundation also opened applications for the Dreamathon Incubator, providing $200,000 in funding to teams developing real-time web3 applications in GameFi, DeFi, and SocialFi.

The introduction of the $SOMI token, its airdrop, and supporting initiatives reflects Somnia’s ongoing effort to establish a scalable, community-driven web3 network.