The biggest crypto exchange in the world, Binance, will list Somnia (SOMI) today, September 2nd, after announcing it as the 35th project on the HODLer Airdrops portal on September 1st.
The HODLer Airdrops portal was created by Binance to retroactively reward users based on historical snapshots of their BNB holdings.
What is Somnia (SOMI)?
Somnia is a blockchain for gaming and entertainment that promises to offer the following:
- Over 1 million TPS
- Sub-second finality
- Sub-cent fees
The Somnia ecosystem, built on the Somnia network, announced on September 1st that the project is close to “day one”, the day of its launch, and it will provide a platform where dreams come to life and “empires are built onchain.”
Somnia Games, powered by the same network and by the Somnia gamers, promises to redefine what is possible in the Web3 gaming ecosystem.
What is SOMI?
SOMI is Somnia’s L1 native asset that supports the project economy:
- Transactions
- Governance
- Staking
- Rewarding participation across the network
SOMI has a fixed 1 billion supply.
Utility
SOMI has the following use cases:
- Staking – Validators stake SOMI tokens to run nodes for the blockchain, and token holders can delegate tokens to Node Providers to cover staking requirements.
- Payments – All Somnia transactions use SOMI as payment for gas fees.
- Governance: SOMI will be used in decision-making processes on the network.
Design
The Somnia tokenomics are deflationary:
- 50% of all gas spent is burned, which means that as network usage grows, total supply decreases.
- SOMI holders benefit from a natural deflationary yield.
The team behind Somnia revealed via an X announcement on August 23 that, unlike inflation-heavy L1s, long-term holders “are not punished.”
Discount Mechanism
In the same post, the team explained how Somnia flips gas economics – the more gas a contract consumes, the cheaper each unit becomes.
Discounts scale with throughput, up to 90% for applications above 400 TPS.
The main difference between Somnia and other chains is that other blockchains get more expensive under load, while Somnia promises to get cheaper.
Storage
The project introduces the transient state, which means that developers can choose between two types of storage:
- Permanent – More costly
- Temporary – With significant discounts
DDoS Protection
Somnia offers a strong DDoS protection as gas unit costs scale dynamically with block latency. When block times exceed 95ms, validators can double gas prices, which means that any attempt to DDoS becomes more expensive in seconds.
Such a feature ensures that the blockchain is resilient without having to compromise affordability.
Recent Somnia Achievements and Future Plans
Yesterday, the team behind Somnia also announced that the largest NFT marketplace, OpenSea, will soon support Somnia NFTs.
On August 29, Somnia marked an important milestone, becoming the fastest blockchain in the world, and the project announced that it was able to achieve this via its new tech components, which allow the blockchain to scale to top throughputs.
The team behind the project cited data from Chainspect, showing that between August 22 and 29, the Somnia Network was the first blockchain in terms of TPS and transaction volume.
RECORD:
Somnia has become the fastest blockchain in the world.
We’ve achieved this through our novel tech components, which allow us to scale to near-impossible throughputs.
We said it. We proved it.
You’re certainly not bullish enough. https://t.co/H8JyfbPNE7
— Somnia (@Somnia_Network) August 29, 2025
Some important partnerships announced recently by the project include important names such as the Dune, LayerZero, and BitGo platforms.
It’s also worth noting that SOMI is Binance’s 35th HODLer Airdrops project, and the exchange will list the token on September 2, according to an announcement dated September 1.
Binance Will List SOMI On September 2
Binance will list SOMI at 14:30 (UTC) and open trading for the following pairs:
- SOMI/USDT
- SOMI/USDC
- SOMI/BNB
- SOMI/FDUSD
- SOMI/TRY
The token will be listed with the Seed Tag applied, signaling potential higher volatilty, and the exchange will first list SOMI on Binance Alpha – the platform created for early-stage projects that have growth potential in Web3.
Binance announced that the deposit option for SOMI opened on September 1 at 11:00 (UTC).
