Wrapped SOMI
WSOMI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WSOMI (Wrapped SOMI) is a cross-chain wrapped representation of SOMI, the native gas token of the Somnia L1 blockchain. While the underlying SOMI tokenomics are structured around a fixed supply of 1 billion with deflationary burn mechanics, WSOMI suffers from substantial structural and market weaknesses. There is no independent community infrastructure or development activity for the wrapper itself, market liquidity is minimal with low trading volume, and both the native token and its wrapper have experienced severe ~95% drawdowns from all-time highs. Furthermore, a critical data gap exists in Security and Audit History (scored -1.0), as retrieved records contained zero verifiable audits, contract security details, or multisig governance parameters for the WSOMI contracts deployed across multiple chains. Excluding the missing Security section and redistributing its weight proportionally yields an overall score of 4.6.
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 Wrapped SOMI (WSOMI)
WSOMI (Wrapped SOMI) is a cross-chain wrapped representation of SOMI, the native gas token of the Somnia EVM Layer 1 blockchain, which launched in September 2025. The token is designed to enable cross-chain decentralized finance (DeFi) composability, with smart contracts deployed across Somnia, Ethereum, Base, and BNB Chain. As a wrapped derivative, WSOMI provides exposure to the underlying SOMI asset across external blockchain networks.
The underlying SOMI network utilizes a fixed total supply of 1 billion tokens with no inflationary minting, alongside a fee-burning mechanism where 50% of base gas fees are destroyed. Token distribution allocates over 55% to ecosystem and community initiatives, with the remaining approximately 45% reserved for team members, investors, advisors, and launch partners under vesting schedules spanning 36 to 48 months with 12-month cliffs. WSOMI reflects these fundamental tokenomics, though off-chain wrapper holdings do not participate directly in native gas burning.
WSOMI faces notable market and operational risks. Both WSOMI and the native SOMI token have experienced a price drawdown of approximately 95% from their all-time highs, accompanied by constrained market liquidity and low trading volumes. Furthermore, the wrapper lacks independent community forums, dedicated development activity, and verifiable third-party security audits. Details regarding multisig signers, timelocks, pause functions, and governance controls for the cross-chain wrapper contracts remain undocumented.