In announcing the results of its Devnet benchmarking tests, Somnia, the Layer-1 blockchain designed for high-demand consumer apps, reaffirmed its goal to establish new benchmarks for blockchain efficiency and scalability. Somnia showed remarkable capabilities by processing up to 1.05 million ERC-20 token transfers per second (tps) in a test setting that mimics real-world situations.
Processing 300,000 NFT mints per second with an average block duration of 100ms is one of the Somnia Devnet’s highlights. Additionally, in order to replicate real-world use, the Devnet used 100,000 accounts to execute random transactions, achieving 50,000 Uniswap trades per second.
Paul Thomas, Founder and CEO of Somnia stated:
“Our technology is designed to support the demanding requirements of high-performance dApps while maintaining exceptional performance and cost-efficiency, and these impressive results validate our approach. These results have exceeded our expectations, showcasing Somnia’s ability to push past the usual limitations of blockchain technology. We’re opening the door to a new era of fully on-chain applications, where speed and scalability are no longer barriers for developers. With the Testnet on the horizon, we’re excited to see how the community builds on this momentum.”
Somnia utilized powerful infrastructure spread across many data centers, including machines with up to 32 vCPUs and 120GB of RAM, showcasing the fourth and fifth generation AMD EPYC and Intel Xeon processors, to meet these metrics.
Among the important performance metrics are:
- 1.05 million TPS for ERC-20 transfers with sub-second latencies (mean: 900ms)
- 50 Gigagas processed per second
- Throughput of 300,000 NFT mints per second.
- 50,000 Uniswap trades per second
- Block time of 100 milliseconds
- Network participation of 100 test nodes in geographically diverse regions.
The advanced features of Somnia’s architecture, which was developed by Improbable, include a custom EVM compiler, and its advanced data compression methods allow for high-volume transaction processing. With the help of these features, developers can easily create powerful, user-friendly dApps.
Developers and community members will be able to see firsthand the capabilities of the Layer-1 with Somnia’s impending public testnet launch. The accomplishment marks a major advancement in Somnia’s goal to develop web3 technology and open up innovative new application development opportunities.
The ecosystem is dedicated to maintaining steady performance gains as it develops its technology, striving for even quicker transaction rates and lower latency in subsequent versions.
With sub-second finality and the ability to handle over 1 million transactions per second (tps), Somnia is the most efficient and economical EVM Layer-1 blockchain. Higher transaction throughput and sub-second block certainty are achieved using Somnia’s novel multi-stream consensus technology.
High-density situations are handled well by sequential execution and compression methods, which increase the quantity of data sent between nodes by 10–20 times. With read/write speeds of 15–100 nanoseconds, the bespoke database IceDB lowers transaction costs to less than a cent. Because of this, Somnia is the perfect platform for creating massive, real-time apps in a variety of sectors, including gaming, social media, the metaverse, finance, and more. These applications will serve millions of users on-chain and increase the efficiency of EVM beyond all previous levels.
Source: https://thenewscrypto.com/somnia-blockchain-shatters-records-with-1m-tps-in-devnet-benchmarking-ahead-of-testnet-launch/