I've come to collect.

Joined October 2024
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gsomnia? been holding a $somi bag for a bit, figured i'd share why, since i saw some people laughing at my financial decision, specially the quills sweep. not gonna lie, the price and sentiment right now are rough. but i don't think the team wants it down either, a sinking token is bad for any ecosystem trying to grow. so i'm hoping they realize that and ship more than just a perpdex, more cool stuff across the board. context: i bet on defi generally, that's my lane. so when i looked at somnia, the tge airdrop was fine, but what kept me in was the tech (lmao imagine). but no really, 1m tps. highoutput chain, good for apps that need to scale. it's theoretical, but if it holds up in time, that's good. the part that matters for the token: more usage = more transactions = more gas burned. somnia burns half of every fee. so if real apps show up and drive volume, supply shrinks instead of inflating. opposite of most chains. rough napkin math: right now the average txn fee is ~0.022 SOMI on the explorer, half of that burns. so if the chain does 100m txns a month, that's ~1.1m SOMI burned a month, call it ~13m a year, north of 1% of total supply gone yearly. and 100m txns a month isn't even a lot for a chain claiming 1m tps. doable IF they're serious and longterm about it: stack the chain with highthroughput apps, lean into the agentic direction (lots of txns there), and court the algo/bot traders. that volume isn't crazy. then i found dreamdex, a new perp dex building on somnia, calling itself the "endgame dex." onchain clob, zero fees, makers get paid from stablecoin yield instead of fees. interesting model. and a real perp dex is exactly the kind of app that pumps serious txn volume through the chain. and yeah, a perp dex is nothing new, let's be real. but it doesn't need to be new to be good. we don't need 50 of them, sure, but here's the thing people miss: smart traders don't keep everything in one place. not because they're farming, because of risk. all your money on one chain, one platform, one protocol = you're one exploit or one outage away from getting wiped. so people spread it, trade here and there, park funds here and there, and size up where they feel confident. a solid new venue just earns a slice of that. dreamdex can be one of those slices. one thing i keep wondering as a holder: will dreamdex run on SOMI, or do they spin up their own token? selfishly i'm hoping it stays SOMI centric, fees, gas, maybe staking and rewards routed through SOMI, because that's direct demand for the bag i'm already sitting on. if they launch a separate token and airdrop it, cool for the farmers i guess, but that's a different bet and doesn't do much for SOMI itself. what i'd want to see more of, honestly: more defi partners building on somnia, and better wallet support, the wallet experience around somi right now just isn't great. hyperliquid kinda proved how big community vaults can get, it's basically a standard now, so i'd expect dreamdex to run something similar eventually. and if those vaults and yield products get baked right into the wallets, staking gets way easier and pulls more people in. that's the kind of thing that'd make me size up, not the price. so stack it: a highoutput chain that burns supply a perp dex that could pump real volume through it better rails to actually stake and earn. if that plays out, the token feels it. not gonna say "somi to the moon." not an investor, not a true believer. i hold 30k somi, basically the 3k i'd have gambled on memecoins in solana season anyway. i'd be happy to see it recover, if not, no big deal. mostly wanted to share a take from outside the season5 sentiment. ofc dyor.
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g{S}omnia? i joined discord, talked with angry people. sad to see community like this.
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i wish Somnia community goodluck. Seems a lot are in the negative.
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