- Binance has announced the upcoming launch of a SOMI/USDT perpetual futures contract
- The token represents the native asset of Somnia, which is a high-performance, EVM-compatible Layer-1 blockchain focused on Web3 applications, especially in gaming and entertainment
- SOMI’s total supply is capped at 1 billion, with the coin designed for gas, staking, validator rewards, and future governance
Binance has announced it will launch a perpetual futures contract for a new token called SOMI, a move that puts the spotlight on a new gaming-focused blockchain. SOMI/USDT perpetual futures contract will begin pre-market trading on August 25, 2025, at 09:30 UTC, with up to 5x leverage allowed for traders.
What Is Somnia (SOMI)?
This token represents the native asset of Somnia, which is a high-performance, EVM-compatible Layer-1 blockchain focused on Web3 applications, especially in gaming and entertainment. The contract will be USDT-settled and available around the clock, with an intriguing funding rate structure that includes fixed rates during pre-market trading.
During the pre-market phase, the mark price will reflect a 10-second trade average, updated every second, to make sure the price is very accurate.
Related: Somnia to bring AI-powered NPCs and enhanced security infrastructure to games with Google Cloud
The announcement seems to be in line with Binance’s growing confidence in emerging tokens, pointing to a greater trust in SOMI’s long-term utility and potential.
Also, by launching a USD-margined futures contract, it seems that Binance is looking to improve liquidity and price discovery for an innovative, albeit smaller-cap token, which is pretty much what it did before with other growing tokens.
The addition of pre-market trading (something that’s usually only found in traditional stock markets) shows Binance wants to offer more advanced trading options and appeal to traders who value early entry and reduced slippage.
Can this put a spotlight on SOMI?
SOMI’s total supply is capped at 1 billion, with the coin designed for gas, staking, validator rewards, and future governance. It also employs a deflationary mechanism, where 50% of the gas fees collected are permanently burned.
Considering that as of now, SOMI lacks a spot price and the token hasn’t been officially launched on exchanges, Binance’s announcement could be a big boost for SOMI’s legitimacy.
In the mid-to-long term, this could lead to increased infrastructure interest, more developer activity on SOMI’s ecosystem, and potential integrations in gaming or NFT sectors. As engagement grows, the token may see further exposure across investment channels as well.
Related: Trading XPLUSDT? Why a Binance Futures Listing Isn’t a Spot Guarantee
Prior to this futures launch, Somnia had already unveiled details about its native token and a structured airdrop for early community members.
Overall, Binance’s introduction of SOMI/USDT perpetual futures could very well put a spotlight on Somnia’s ecosystem and token, and if SOMI’s volume and engagement hold, this could be a catalyst for growth and adoption in the gaming-focused blockchain space.
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