Convert Sommelier SOMM to United States Dollar USD
SOMM to USD: 1 Sommelier converts to $0.000456 USD as of February 13 at 12:59 AM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is $0.000456 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of $169,314.68. The amount of Sommelier traded has risen by $46.87 in the last 24 hours, which is a 24.06% increase. Additionally, in the last day, $194.81 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is $0.000456 USD. In other words, to buy 5 Sommelier, it would cost you $0.002278 USD. Inversely, $1.00 USD would allow you to trade for 2,195.17 SOMM while $50.00 USD would convert to 109,758.47 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.8%. Meanwhile, in the last 24 hours, the rate has changed by 17.66%, and that the highest exchange rate of 1 SOMM to USD was $0.000464 USD and the lowest 24 hour value was 1 SOMM for $0.000388 USD. Last month, 1 SOMM was worth $0.000808 USD. Today, it's down 43.65%. Looking back a year, Sommelier has changed by $0.0070 USD. That means that in a single year, the value of Sommelier has shrank by 93.46%.
Sommelier Market Stats
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
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Conversion tables
SOMM to USD values from Today at 12:59 am
0.5 SOMM = $0.000228 USD |
1 SOMM = $0.000456 USD |
5 SOMM = $0.0023 USD |
10 SOMM = $0.0046 USD |
50 SOMM = $0.0228 USD |
100 SOMM = $0.0456 USD |
500 SOMM = $0.23 USD |
1,000 SOMM = $0.46 USD |
USD to SOMM values from Today at 1:00 am
$0.50 USD = 1,097.58 SOMM |
$1.00 USD = 2,195.17 SOMM |
$5.00 USD = 10,975.85 SOMM |
$10.00 USD = 21,951.69 SOMM |
$50.00 USD = 109,758.47 SOMM |
$100.00 USD = 219,516.94 SOMM |
$500.00 USD = 1,097,584.69 SOMM |
$1,000.00 USD = 2,195,169.38 SOMM |
SOMM to USD over time
SOMM | Today | 24H 14.77% | 1M -77.47% | 1Y -1,429.70% |
|---|---|---|---|---|
0.5 SOMM | $0.000228 USD | $0.000194 USD | $0.000404 USD | $0.0035 USD |
1 SOMM | $0.000456 USD | $0.000388 USD | $0.000808 USD | $0.0070 USD |
5 SOMM | $0.0023 USD | $0.0019 USD | $0.0040 USD | $0.0348 USD |
10 SOMM | $0.0046 USD | $0.0039 USD | $0.0081 USD | $0.0697 USD |
50 SOMM | $0.0228 USD | $0.0194 USD | $0.0404 USD | $0.35 USD |
100 SOMM | $0.0456 USD | $0.0388 USD | $0.0808 USD | $0.70 USD |
500 SOMM | $0.23 USD | $0.19 USD | $0.40 USD | $3.48 USD |
1,000 SOMM | $0.46 USD | $0.39 USD | $0.81 USD | $6.97 USD |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.000456.
Based on the current rate, you could get 2,195.17 SOMM for 1 USD.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 10,975.85 SOMM. Inversely, 5 SOMM will cost about $0.0023
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Titi Financial, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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