Convert Sommelier SOMM to British Pound GBP
SOMM to GBP: 1 Sommelier converts to £0.000714 GBP as of July 19 at 6:22 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is £0.000714 per SOMM. With a circulating supply of 364,039,961 SOMM, it means that Sommelier has a total market cap of £260,296.66. The amount of Sommelier traded has fallen by -£63.70 in the last 24 hours, which is a 4.19% decrease. Additionally, in the last day, £1,519.00 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is £0.000714 GBP. In other words, to buy 5 Sommelier, it would cost you £0.003569 GBP. Inversely, £1.00 GBP would allow you to trade for 1,401.04 SOMM while £50.00 GBP would convert to 70,052.23 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 31.05%. Meanwhile, in the last 24 hours, the rate has changed by 15.57%, and that the highest exchange rate of 1 SOMM to GBP was £0.000848 GBP and the lowest 24 hour value was 1 SOMM for £0.000675 GBP. Last month, 1 SOMM was worth £0.000959 GBP. Today, it's down 25.81%. Looking back a year, Sommelier has changed by £0.0228 GBP. That means that in a single year, the value of Sommelier has shrank by 96.74%.
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 GBP values from Today at 6:22 pm
0.5 SOMM = £0.000357 GBP |
1 SOMM = £0.000714 GBP |
5 SOMM = £0.0036 GBP |
10 SOMM = £0.0071 GBP |
50 SOMM = £0.0357 GBP |
100 SOMM = £0.0714 GBP |
500 SOMM = £0.36 GBP |
1,000 SOMM = £0.71 GBP |
GBP to SOMM values from Today at 6:23 pm
£0.50 GBP = 700.52 SOMM |
£1.00 GBP = 1,401.04 SOMM |
£5.00 GBP = 7,005.22 SOMM |
£10.00 GBP = 14,010.45 SOMM |
£50.00 GBP = 70,052.23 SOMM |
£100.00 GBP = 140,104.46 SOMM |
£500.00 GBP = 700,522.32 SOMM |
£1,000.00 GBP = 1,401,044.64 SOMM |
SOMM to GBP over time
SOMM | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SOMM | £0.000357 GBP | £0.000422 GBP | £0.000480 GBP | £0.0114 GBP |
1 SOMM | £0.000714 GBP | £0.000845 GBP | £0.000959 GBP | £0.0228 GBP |
5 SOMM | £0.0036 GBP | £0.0042 GBP | £0.0048 GBP | £0.11 GBP |
10 SOMM | £0.0071 GBP | £0.0084 GBP | £0.0096 GBP | £0.23 GBP |
50 SOMM | £0.0357 GBP | £0.0422 GBP | £0.0480 GBP | £1.14 GBP |
100 SOMM | £0.0714 GBP | £0.0845 GBP | £0.0959 GBP | £2.28 GBP |
500 SOMM | £0.36 GBP | £0.42 GBP | £0.48 GBP | £11.38 GBP |
1,000 SOMM | £0.71 GBP | £0.84 GBP | £0.96 GBP | £22.76 GBP |
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