The overall market trend is declining, and there are fewer and fewer people doing new public chains now! I can't see many new Layer 1 networks all year round! There is a new EVM Layer1 worth paying attention to: Somnia @ Somnia_Network The project background and core advantages are still attractive: Somnia's positioning is simple yet powerful: to create the fastest and most cost-effective EVM Layer 1 blockchain, specifically designed for real-time applications in gaming, social networking, metaverse, and finance. It is also necessary for public chains to have their own positioning, as some projects do not know what they do! It aims to address the long-standing scalability and interoperability issues of blockchain, making a fully on chain experience no longer a dream. From high-frequency NFT casting to immersive metaverse adventures, Somnia wants you to feel "silky smooth". According to RootData's public information, Improbable's creative spark and MSquared's financial support are showcased. At the beginning of the project, we boldly secured $150 million in financing, with a dazzling list of investors including a16z crypto, SoftBank, Mirana Ventures, CMT Digital, SIG... Top VC! The Somnia ecosystem has also secured an additional $270 million in joint investment, with Improbable, MSquared, and Somnia Foundation working together. This funding information is worth paying more attention to! The technological advantages of the project are definitely what we expect: Multistream consensus, speed up: Inspired by Autobahn BFT papers, Somnia's Multistream consensus is simply black technology! Each verification node runs its own 'data chain', and data generation and consensus work separately, resulting in a direct increase in efficiency. EVM Evolution, Performance Explosion: Somnia compiles EVM bytecode into native CPU code, coupled with hardware level parallel technology, directly maximizes single core performance. Data optimization, cost-effective and efficient: Stream compression+intelligent caching, Somnia makes on chain data transmission and storage fast and cost-effective. This means that even super applications at the Web2 level can be easily uploaded to the blockchain, at a cost so low that you want to like them. IceDB， The pride of exclusive databases: Somnia's self-developed IceDB is tailor-made for blockchain, with ultra-high throughput and ultra-low latency, perfectly adapting to the needs of real-time applications. Combined with these technologies, Somnia is not only a "good brother" compatible with EVM, but also enables developers to seamlessly migrate DApps and quickly start working, making it the "dream love chain" of Web3! Although token economics doesn't exist yet, right? But I think it will definitely come out in the near future, and ecological airdrops are also indispensable! Somnia ecology is currently in a state of blooming flowers: Somnia's ecosystem covers gaming, metaverse, DeFi, AI, and NFT: Games: Rising, Chunked, Netherak Demons, get ready to take Web3 games to new heights! Metaverse: MSquared, Dream Builder, Playground, take you into an open virtual world. DeFi：QuickSwap、Standard Salt、Euclid Protocol， Financial services are flying fast. Infrastructure: Supports Hyperlane cross chain protocol (connected to over 150 chains), as well as artifacts such as Dune and Sequence. I heard that the financing background is very strong, but I haven't found any public information yet. Maybe it hasn't been announced yet? Somnia's financing lineup is simply a 'god fight': a $150 million seed round, a16z crypto、 SoftBank, Mirana, CMT Digital, SIG and other big players are all on the battlefield. The $270 million ecological investment, supported by these top institutions, is not only a guarantee of funds, but also an endorsement of Somnia's global ambitions. I predict that now is the warm-up stage of the test network, the sprint stage of the main network, and TGE should be fast 🪂 Now, Somnia is actively promoting community interaction during the testing phase. The stability of the test network is quite good, but after the main network goes online, the ecological potential is estimated to explode! Overseas KOLs have already started calling for Somnia, and the popularity is skyrocketing. I think now is an opportunity to pick it up. Portal: https://testnet.somnia.network/