Convert Sommelier SOMM to Euro EUR

SOMM to EUR: 1 Sommelier converts to €0.000487 EUR as of December 29 at 11:36 PM

About Sommelier

Sommelier is falling this week. The current price of Sommelier is €0.000487 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of €181,921.06. The amount of Sommelier traded has fallen by €0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, €139.88 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is €0.000487 EUR. In other words, to buy 5 Sommelier, it would cost you €0.002433 EUR. Inversely, €1.00 EUR would allow you to trade for 2,054.71 SOMM while €50.00 EUR would convert to 102,735.51 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 EUR was €0.000542 EUR and the lowest 24 hour value was 1 SOMM for €0.000465 EUR. Last month, 1 SOMM was worth €0.000925 EUR. Today, it's down 46.6%. Looking back a year, Sommelier has changed by €0.0122 EUR. 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.

€0.000487Price
€181.92KMarket cap
€139.88Volume (24h)
372.4M SOMMCir. Supply

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Conversion tables

SOMM to EUR values from Today at 11:36 pm

0.5 SOMM = €0.000243 EUR
1 SOMM = €0.000487 EUR
5 SOMM = €0.0024 EUR
10 SOMM = €0.0049 EUR
50 SOMM = €0.0243 EUR
100 SOMM = €0.0487 EUR
500 SOMM = €0.24 EUR
1,000 SOMM = €0.49 EUR

EUR to SOMM values from Today at 11:37 pm

€0.50 EUR = 1,027.36 SOMM
€1.00 EUR = 2,054.71 SOMM
€5.00 EUR = 10,273.55 SOMM
€10.00 EUR = 20,547.10 SOMM
€50.00 EUR = 102,735.51 SOMM
€100.00 EUR = 205,471.02 SOMM
€500.00 EUR = 1,027,355.08 SOMM
€1,000.00 EUR = 2,054,710.16 SOMM

SOMM to EUR over time

SOMM
Today
24H
-7.64%
1M
-90.10%
1Y
-2,415.63%
0.5 SOMM
€0.000243 EUR
€0.000262 EUR
€0.000463 EUR
€0.0061 EUR
1 SOMM
€0.000487 EUR
€0.000524 EUR
€0.000925 EUR
€0.0122 EUR
5 SOMM
€0.0024 EUR
€0.0026 EUR
€0.0046 EUR
€0.0612 EUR
10 SOMM
€0.0049 EUR
€0.0052 EUR
€0.0093 EUR
€0.12 EUR
50 SOMM
€0.0243 EUR
€0.0262 EUR
€0.0463 EUR
€0.61 EUR
100 SOMM
€0.0487 EUR
€0.0524 EUR
€0.0925 EUR
€1.22 EUR
500 SOMM
€0.24 EUR
€0.26 EUR
€0.46 EUR
€6.12 EUR
1,000 SOMM
€0.49 EUR
€0.52 EUR
€0.93 EUR
€12.24 EUR

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