Among the Pre-TGE (yet to issue coins) project, @Somnia_network is currently ranked 18th, with Mindshare at 1.59%. Although the short-term (1D) has risen by 6bps (+3.65%), the downtrend in the medium to long term is still evident overall: Down 25bps in 7 days (-13.56%) 1-Month Down 103bps (-39.22%) 3-Month Down 163bps (-50.49%) Somnia had a noticeable spike in interest earlier this year (around February to April), with Mindshare approaching 6% at one point. However, there has been a significant pullback since May and is now in a consolidation range. While there has been a short-term rally, there has been no definite trend reversal. This may have something to do with the overall market's cooling of the Layer 1 or metaverse narrative. Although Somnia has a strong infrastructure (such as the Euclid cross-chain protocol), it needs more client-side applications in the Web3 ecosystem to maintain its voice. Comparative analysis with other chains From the overview chart of "Pre-TGE Mindshare Arena", the current performance of several projects is noteworthy: Top Gainers MONAD (3.72%): 131bps increase in 1D, one of the strongest performers today. SYMPHONY (3.01%), OBJKT (2.50%), PUMP (3.92%) ALSO SHOWED SIGNIFICANT IMPROVEMENTS. Most of these projects are related to L2 scalability, NFT platforms, or new chain designs, representing the current market sentiment biased towards technological innovation and high-TPS solutions. For Somnia: Despite the long-term downward trend, it remains within the top 20, which means that the fundamentals remain solid. It's a good idea to add more user engagement, content creation, or large-scale collaboration events to rekindle the community. Looking at the overall trend: The market is focusing on chains that are shifting to composability, cross-chain operation, and new consensus architectures. If Somnia can continue to strengthen its infrastructure with its Uprising module and NFT features, it still has a chance to rebound in the next wave cycle.
How does Somnia continue to push the boundaries of blockchain technology? One of the keys is @EuclidProtocol It is an important part of the @Somnia_Network ecosystem and is 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 such as Ethereum, Polygon, and Avalanche, making it easier to transfer assets between networks. UCLID processes more than 1.2 million transactions per month with an average latency of just 0.8 seconds, ensuring fast and stable cross-chain bridging. It supports up to $180 million in total value locked (TVL) across pools, providing deep liquidity for users and developers building apps on Somnia. The protocol uses advanced zero-knowledge proof technology to ensure the privacy and security of transactions, which is essential for DeFi and NFT projects.
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