Convert Sommelier SOMM to Real BRL

SOMM to BRL: 1 Sommelier converts to R$0.0032 BRL as of December 29 at 11:34 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is R$0.0032 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of R$1,193,159.13. The amount of Sommelier traded has fallen by R$0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, R$917.40 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is R$0.0032 BRL. In other words, to buy 5 Sommelier, it would cost you R$0.0160 BRL. Inversely, R$1.00 BRL would allow you to trade for 313.27 SOMM while R$50.00 BRL would convert to 15,663.43 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 7.21%. Meanwhile, in the last 24 hours, the rate has changed by 7.12%, which means that the highest exchange rate of 1 SOMM to BRL was R$0.0035 BRL and the lowest 24 hour value was 1 SOMM for R$0.0030 BRL. Last month, 1 SOMM was worth R$0.0057 BRL. Today, it's down 46.6%. Looking back a year, Sommelier has changed by R$0.0787 BRL. That means that in a single year, the value of Sommelier has shrank by 95.5%.

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.

R$0.0032Price
R$1.19MMarket cap
R$917.40Volume (24h)
372.4M SOMMCir. Supply

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Conversion tables

SOMM to BRL values from Today at 11:34 pm

0.5 SOMM = R$0.0016 BRL
1 SOMM = R$0.0032 BRL
5 SOMM = R$0.0160 BRL
10 SOMM = R$0.0319 BRL
50 SOMM = R$0.16 BRL
100 SOMM = R$0.32 BRL
500 SOMM = R$1.60 BRL
1,000 SOMM = R$3.19 BRL

BRL to SOMM values from Today at 11:34 pm

R$0.50 BRL = 156.63 SOMM
R$1.00 BRL = 313.27 SOMM
R$5.00 BRL = 1,566.34 SOMM
R$10.00 BRL = 3,132.69 SOMM
R$50.00 BRL = 15,663.43 SOMM
R$100.00 BRL = 31,326.85 SOMM
R$500.00 BRL = 156,634.25 SOMM
R$1,000.00 BRL = 313,268.51 SOMM

SOMM to BRL over time

SOMM
Today
24H
99.58%
1M
99.29%
1Y
90.28%
0.5 SOMM
R$0.0016 BRL
R$0.0017 BRL
R$0.0029 BRL
R$0.0394 BRL
1 SOMM
R$0.0032 BRL
R$0.0034 BRL
R$0.0057 BRL
R$0.0787 BRL
5 SOMM
R$0.0160 BRL
R$0.0171 BRL
R$0.0286 BRL
R$0.39 BRL
10 SOMM
R$0.0319 BRL
R$0.0342 BRL
R$0.0572 BRL
R$0.79 BRL
50 SOMM
R$0.16 BRL
R$0.17 BRL
R$0.29 BRL
R$3.94 BRL
100 SOMM
R$0.32 BRL
R$0.34 BRL
R$0.57 BRL
R$7.87 BRL
500 SOMM
R$1.60 BRL
R$1.71 BRL
R$2.86 BRL
R$39.35 BRL
1,000 SOMM
R$3.19 BRL
R$3.42 BRL
R$5.72 BRL
R$78.70 BRL

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