Key Takeaways
- • SOMI rose 5.01% over 24 hours to about $0.1853 on October 28, 2026, per CoinGecko market data recorded at 12:02:44 UTC.
- • CoinGecko listed a $29.69 million market capitalization, $185.32 million fully diluted valuation and $2.61 million in 24-hour volume for the same snapshot.
- • A separate DEX Screener Ethereum SOMI/WETH record showed a price of $0.4369 and roughly $436.98 million in market cap, with $0.01 in 24-hour volume, underscoring a ticker-collision risk.
- • Somnia positions itself as an EVM-compatible "Agentic L1" focused on AI agents, reactive contracts and claimed throughput of up to 1 million TPS, though these are the project's advertised specifications and are unverified in the source material.
- • Investors should verify the exact asset, network and venue before transacting, as several SomniaOFT assets share the ticker collision.
Summary
SOMI, the native token of Somnia, a layer-1 blockchain the project describes as an "Agentic L1," rose 5.01% over 24 hours to about $0.1853 on October 28, 2026, according to CoinGecko market data recorded at 12:02:44 UTC. The source attributes the move to attention on Somnia's AI-focused positioning rather than a documented listing event or measured social-media surge. CoinGecko data for the same snapshot showed a $29.69 million market capitalization, a $185.32 million fully diluted valuation and $2.61 million in 24-hour trading volume. The market capitalization was roughly 16% of the fully diluted valuation, indicating a large gap between circulating and total supply-implied value.
The source flags a material identity risk. A DEX Screener record for an Ethereum SOMI/WETH pair, fetched at the same timestamp, showed a price of $0.4369, about $436.98 million in market capitalization and $0.01 in 24-hour volume. The market data also flags a ticker collision involving SomniaOFT assets listed on BNB Smart Chain, Ethereum and Base. The source advises readers to match project name, ticker, network and quoted market before treating any price as that of the intended asset. The official identity references cited are the Somnia website and the social handle somnia_network.
Somnia describes its strategic direction as a decision made at the beginning of 2026 to emphasize AI agents, reactive applications and high-throughput infrastructure. Its website lists an article dated September 1, 2026, titled "Investors Back Somnia's Strategic Shift With a Nine-Month $SOMI Re-Lock," but the available material does not disclose token quantities, investor identities or an exact expiry date. The site also lists Algo Arena registrations opening on July 13, 2026, without participation data.
The project claims its agents can let smart contracts query APIs, run deterministic AI models and scrape websites, with results validated through consensus. It advertises up to 1 million transactions per second, sub-cent fees and sub-second finality, citing multi-stream consensus, the IceDB database, a compiled EVM and a custom consensus protocol. The source notes no benchmark conditions or independent testing are provided, and that these claims do not by themselves imply holder benefits, staking returns or governance rights. The source also notes Somnia is EVM-compatible, with Solidity contracts and tools such as viem and Ethers.js said to work without modification.
CoinGecko's October 28 snapshot lists Binance, KuCoin, MEXC, Bybit, Upbit, Kraken and other venues. The source cautions that a listing does not guarantee access in every jurisdiction or on every pair and network. A historical reference, CCN's report that SOMI doubled to $1.84 on September 7, 2025, relates to an earlier event and is not part of the October 28 price record.
The source flags a material identity risk. A DEX Screener record for an Ethereum SOMI/WETH pair, fetched at the same timestamp, showed a price of $0.4369, about $436.98 million in market capitalization and $0.01 in 24-hour volume. The market data also flags a ticker collision involving SomniaOFT assets listed on BNB Smart Chain, Ethereum and Base. The source advises readers to match project name, ticker, network and quoted market before treating any price as that of the intended asset. The official identity references cited are the Somnia website and the social handle somnia_network.
Somnia describes its strategic direction as a decision made at the beginning of 2026 to emphasize AI agents, reactive applications and high-throughput infrastructure. Its website lists an article dated September 1, 2026, titled "Investors Back Somnia's Strategic Shift With a Nine-Month $SOMI Re-Lock," but the available material does not disclose token quantities, investor identities or an exact expiry date. The site also lists Algo Arena registrations opening on July 13, 2026, without participation data.
The project claims its agents can let smart contracts query APIs, run deterministic AI models and scrape websites, with results validated through consensus. It advertises up to 1 million transactions per second, sub-cent fees and sub-second finality, citing multi-stream consensus, the IceDB database, a compiled EVM and a custom consensus protocol. The source notes no benchmark conditions or independent testing are provided, and that these claims do not by themselves imply holder benefits, staking returns or governance rights. The source also notes Somnia is EVM-compatible, with Solidity contracts and tools such as viem and Ethers.js said to work without modification.
CoinGecko's October 28 snapshot lists Binance, KuCoin, MEXC, Bybit, Upbit, Kraken and other venues. The source cautions that a listing does not guarantee access in every jurisdiction or on every pair and network. A historical reference, CCN's report that SOMI doubled to $1.84 on September 7, 2025, relates to an earlier event and is not part of the October 28 price record.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.