The blockchain universe is dynamic, innovative, and rapidly changing. Among those developments, perhaps the most exciting is the collision between Artificial Intelligence (AI), gaming, and Decentralized Finance (DeFi) on high-performance blockchain networks. Somnia’s testnet is proving to be a rich, fertile environment for this convergence. It’s a testament to the tremendous potential of these technologies when placed together. GreedyChain.com is committed to following the cutting edge. In doing so, we provide our audience access to the hottest takes on what’s actually worth paying attention to in Web3.

Somnia’s testnet enables real-time, large-scale AI to impact the globe. That’s how it gets to more than 1 million TPS with finality in less than a second and fees less than a penny. This high-performance architecture empowers top-performing AI agents to interact with the blockchain directly. This leads to the AI empowered creative solutions and use cases created by this new tier. The testnet makes possible reactive application. This paves the way for event-driven interactions to execute directly on the blockchain, without reliance on third-party services or off-chain components. Somnia’s EVM compatibility brings flexibility and efficiency to AI-driven applications.

Somnia’s custom database, IceDB, is behind much of that performance benefit. It provides extreme read/write latencies of 15-100 nanoseconds and reduces transaction fees to less than one cent. With all of these features combined, Somnia is an appealing platform for developers. First, it allows them to deploy dApps that require a high-threshold throughput with a low-latency demand. The intersection of AI, gaming, and DeFi on Somnia’s testnet brings unlimited potential. Now, let’s look into some concrete examples to get a taste of what this exciting new development has unlocked!

Projects Pioneering on Somnia

Several projects are already building on Somnia's testnet, showcasing the diversity of applications that can be supported by its infrastructure. These projects range from gaming to DeFi to AI, showcasing the diversity that can be built on Somnia’s network.

Chunked: A Sandbox MMO on the Blockchain

Chunked is a voxel based sandbox massively multiplayer online game (MMO) where every action and asset is recorded on-chain. This new system has processed more than 10 million series transactions within just a week of launch! It concisely highlights just how much DeFi principles are merging with the gaming ecosystem. Chunked’s logic, built completely on-chain as a series of smart contracts, will be open-sourced so that anyone can interact with it in a transparent and decentralized manner.

All of Chunked’s world data and logic are saved on Somnia, allowing interaction and reading from infinitely. Naturally, this goes hand in hand with DeFi’s interest in decentralization and preference for on-chain data. Chunked stores game state in the blockchain. This makes players’ understandings of the game world persistent and immutable, empowering players to control their learning and growth in a deeply decentralized, player-owned gaming experience. Somnia's high-speed blockchain and its support for 140+ blockchains, built-in trading tools, and dApp Browser facilitate a decentralized environment for DeFi applications and games like Chunked.

QuickSwap: DeFi Moving to Somnia

QuickSwap, the most popular DEX on Ethereum Layer-2 darlings Polygon, is migrating to Somnia. The reason for this move is that it's easy for QuickSwap to port to Somnia, leveraging the network's EVM compatibility and high performance. QuickSwap’s integration with Somnia makes DeFi and gaming convergence possible, demonstrating the power of high-performance blockchain applications.

QuickSwap takes advantage of Somnia’s high throughput and low fees. This in turn enables them to offer users a quicker and cheaper trading experience. This combination unlocks a variety of new DeFi use cases. Furthermore, these applications are now able to tap into gaming platforms such as Chunked and create a more integrated and engaging ecosystem.

Haifu: AI Agent Operation on Blockchain

Haifu serves as a prime model for AI agent operation within the Somnia blockchain. Somnia’s blockchain powers AI agents that will be able to execute directly on it. This creates huge opportunities for groundbreaking AI-powered solutions and transformative new use cases. AI’s incorporation into blockchain technology is still in its infancy, but the possibilities are endless.

Benefits of Blockchain Technology

Blockchain technology offers several key benefits that make it well-suited for these types of applications:

  • Decentralization: Blockchain takes data storage, management, and decision-making away from a few central agencies.
  • Low Cost: Blockchain technology cuts the cost of doing business, powering processes, and handling data.
  • High Integrity of Exchanges and Security: Blockchain provides high integrity of exchanges and security, protecting nodes from assaults and attempts to upset exchanges.
  • Transparency and Real-time Data: Blockchain provides real-time and transparent data, such as royalty distribution data to musicians and content creators.
  • New Business Models and Value Chain: Blockchain enables new business models and value chains.

Somnia has a premium Layer 1 blockchain. With sub-second finality and sub-cent fees, it can handle more than 1 million transactions per second, powering real-time Web3 experiences such as DeFi applications. Somnia provides a perfect foundation on which to create powerful new applications. It baithe powerful tech of AI, redefining building and adventures through gaming and DeFi to unlock credit and aspiring velocity.

The projects being developed on Somnia’s live testnet are only the tip of the iceberg. The network is aging quickly, as well. As developers continue to flock to the ecosystem, we are just scratching the surface of a wave of new and innovative applications. GreedyChain.com is dedicated to monitoring these developments every step of the way. We promise to bring you the knowledge and key takeaways to keep you on top of your Web3 game!