Somnia
SOMI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Somnia (SOMI) is an EVM-compatible Layer 1 blockchain optimized for gaming, metaverse, and social applications, supported by prominent institutional backers including Improbable, a16z, and SoftBank. The project demonstrates solid active development (score 7.5/10), evidenced by network upgrades, testnet/mainnet execution, and continuous ecosystem integrations. Its security posture (score 7.0/10) is reinforced by multiple Hacken audits and an active bug bounty program with responsible vulnerability disclosures, with zero recorded exploits, depegs, or regulatory enforcement actions. Tokenomics (score 7.0/10) reflect a fixed 1 billion supply with a 50% gas fee burn mechanism and structured vesting schedules. However, key vulnerabilities include an ~82% price decline over one year, low organic community engagement (score 4.0/10), centralized foundation-dominated governance following a March 2026 CEO transition, and intense competition in the high-throughput L1 space. No qualifying red-flag events or fraudulent characteristics were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Somnia (SOMI)
Somnia (SOMI) is the native token of the Somnia Network, an EVM-compatible Layer 1 blockchain developed by Improbable in partnership with the Somnia Foundation. Launched in September 2025, the network is designed for gaming, metaverse, and social applications, utilizing a PBFT-based consensus protocol supported by an initial set of approximately 60 validator operators. Institutional backers of the project include Andreessen Horowitz (a16z) and SoftBank.
The SOMI token features a fixed total supply of 1,000,000,000 tokens with no perpetual inflationary emissions, integrating a 50% gas fee burn mechanism. Over 55% of the token distribution is allocated to community and ecosystem development, with insider allocations governed by multi-year vesting schedules running through September 2029. Protocol security has been audited by Hacken across smart contracts and core consensus code, and the project maintains a bug bounty program with documented responsible disclosures.
The project faces notable market, structural, and governance challenges. SOMI has experienced severe price depreciation, declining approximately 82% over a one-year period, and displays fragmented liquidity across exchanges. Furthermore, governance remains centralized under the Somnia Foundation with no active DAO voting mechanism in place, and a March 2026 leadership transition saw founder Paul Thomas replaced as CEO by Peter Lipka.