In the Pre-TGE (Token Generation Event not yet launched) project, @Somnia_network is currently ranked 18th, with a Mindshare of 1.59%. Although it has risen by 6bps (+3.65%) in the short term (1D), the overall medium to long-term downward trend is still evident:
- Down 25bps (-13.56%) over 7 days
- Down 103bps (-39.22%) over 1 month
- Down 163bps (-50.49%) over 3 months
Somnia had a significant peak in attention earlier this year (around February to April), with Mindshare approaching 6%. However, there has been a noticeable decline since May, and it is currently in a consolidation range. While there has been a short-term rebound, it has not yet clearly established a trend reversal.
This may be related to the overall market cooling towards Layer 1 or metaverse narratives. Although Somnia has strong infrastructure (such as the Euclid cross-chain protocol), it needs more client-side applications in the Web3 ecosystem to maintain its volume.
Comparative analysis with other chains
From the overview of the "Pre-TGE Mindshare Arena," several projects' performances are noteworthy:
Top Gainers (increased attention)
- MONAD (3.72%): Increased by 131bps in 1D, making it one of the strongest performers today.
- SYMPHONY (3.01%), OBJKT (2.50%), and PUMP (3.92%) also showed significant increases.
These projects are mostly related to L2 scalability, NFT platforms, or new chain designs, indicating that current market sentiment leans towards technological innovation and high TPS solutions.
For Somnia:
Despite the long-term downward trend, it remains within the top 20, indicating that the foundation is still solid. It is recommended to increase more user interaction, content creation, or large collaborative events to reignite community enthusiasm.
From the overall trend perspective:
Market attention is shifting towards composability, cross-chain operability, and new consensus architectures. If Somnia can continue to strengthen its infrastructure with its Uprising module and NFT features, there is still a chance for recovery in the next cycle.
How does Somnia continue to push the boundaries of blockchain technology? One key aspect is @EuclidProtocol.
It is an important component of the @Somnia_Network ecosystem, making waves in the Web3 world.
What does Euclid bring to Somnia?
It is a cross-chain liquidity hub that connects Somnia with major blockchains like Ethereum, Polygon, and Avalanche, making asset transfers between different networks smoother.
Euclid processes over 1.2 million transactions per month, with an average latency of just 0.8 seconds, ensuring that cross-chain bridging is fast and stable.
It supports a total locked value (TVL) of up to $180 million across various liquidity pools, providing deep liquidity for users and developers building applications on Somnia.
This protocol employs advanced zero-knowledge proof technology to ensure the privacy and security of transactions, which is crucial for DeFi and NFT projects.
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