Somnia Ecosystem Will benefit up to $270M From Improbable and MSquared Investment - Chainwire

18Feb

Somnia Ecosystem Will benefit up to $270M From Improbable and MSquared Investment

New-York, New-York, February 18th, 2025, Chainwire

Somnia, the Layer 1 blockchain designed for high-demand consumer applications fully onchain, has announced that Somnia’s ecosystem will benefit from up to $270M in combined capital from Improbable and MSquared. The strategic support from venture builder Improbable provides Somnia with a welcome boost as it gears up for its testnet launch.

Improbable’s support for Somnia follows the successful completion of the Somnia Devnet which set new benchmarks for speed, throughput, and user participation. Highlights included:

● 1.05 million transactions per second for ERC-20 token transfers

● 300,000 NFT mints per second with an average block time of 100 milliseconds

● 50,000 Uniswap trades per second, leveraging 100,000 accounts to simulate real-world usage

Improbable’s decision to prioritize the Somnia ecosystem as part of its venture builder capital allocation demonstrates its confidence in the blockchain ecosystem Somnia is building and its potential to drive mainstream Web3 adoption. Use cases for Somnia’s high-performance chain include gaming, thanks to its architecture that supports real-time, scalable onchain games.

Improbable CEO Herman Narula said: “The future of digital economies depends on infrastructure that can handle real-world scale – far beyond what most blockchains today can achieve. We’ve spent over a decade solving complex distributed systems challenges, and that expertise is what gives the Somnia blockchain its spark. This is a gigachain we’re building, for speed, efficiency, and real utility, and we’re fully committed to supporting the ecosystem that will bring it to life.”

“The performance of the Devnet gives us great confidence in what’s ahead for Somnia. We’re refining our grant program and have several partnerships in the works to further strengthen the ecosystem. We’re especially grateful to Improbable for its unwavering support—both in building the Somnia blockchain and in fostering the broader Somnia ecosystem.” — Paul Thomas, Founder of the Virtual Society Foundation.

In 2022 M² raised $150M from investors including Andreessen Horowitz, SoftBank Vision Fund 2, Mirana, DCG, CMT, SIG, and Ethereal Ventures. It has decided to both support the Somnia project and to integrate the Somnia Blockchain into its network of metaverses.

The additional funding provided by Improbable in support of the Somnia ecosystem aims to help catalyze its growth and maximize its prospects of attaining significant real-world adoption.

About Somnia

Somnia is the fastest and most cost-effective EVM Layer-1 blockchain, capable of processing over 1,000,000 transactions per second (tps) with sub-second finality. Somnia’s new multi-stream consensus technology achieves sub-second block certainty and higher transaction throughput. Sequential execution and compression algorithms effectively handle high-density scenarios, increasing the amount of data transferred between nodes by 10-20x. The custom database IceDB achieves 15-100 nanosecond read/write times, reducing transaction costs to less than a penny. This makes Somnia an ideal platform for building large-scale, real-time applications in games, social, metaverse, finance, and other fields, serving millions of users, all on-chain, making EVM more efficient than ever before.