Convert Sommelier SOMM to British Pound GBP

SOMM to GBP: 1 Sommelier converts to £0.000424 GBP as of December 29 at 11:37 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is £0.000424 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of £158,540.27. 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, £121.90 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is £0.000424 GBP. In other words, to buy 5 Sommelier, it would cost you £0.002121 GBP. Inversely, £1.00 GBP would allow you to trade for 2,357.63 SOMM while £50.00 GBP would convert to 117,881.46 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 GBP was £0.000472 GBP and the lowest 24 hour value was 1 SOMM for £0.000406 GBP. Last month, 1 SOMM was worth £0.000810 GBP. Today, it's down 46.6%. Looking back a year, Sommelier has changed by £0.0102 GBP. 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.

£0.000424Price
£158.54KMarket cap
£121.90Volume (24h)
372.4M SOMMCir. Supply

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Conversion tables

SOMM to GBP values from Today at 11:37 pm

0.5 SOMM = £0.000212 GBP
1 SOMM = £0.000424 GBP
5 SOMM = £0.0021 GBP
10 SOMM = £0.0042 GBP
50 SOMM = £0.0212 GBP
100 SOMM = £0.0424 GBP
500 SOMM = £0.21 GBP
1,000 SOMM = £0.42 GBP

GBP to SOMM values from Today at 11:38 pm

£0.50 GBP = 1,178.81 SOMM
£1.00 GBP = 2,357.63 SOMM
£5.00 GBP = 11,788.15 SOMM
£10.00 GBP = 23,576.29 SOMM
£50.00 GBP = 117,881.46 SOMM
£100.00 GBP = 235,762.91 SOMM
£500.00 GBP = 1,178,814.56 SOMM
£1,000.00 GBP = 2,357,629.11 SOMM

SOMM to GBP over time

SOMM
Today
24H
-7.77%
1M
-91.03%
1Y
-2,293.60%
0.5 SOMM
£0.000212 GBP
£0.000229 GBP
£0.000405 GBP
£0.0051 GBP
1 SOMM
£0.000424 GBP
£0.000457 GBP
£0.000810 GBP
£0.0102 GBP
5 SOMM
£0.0021 GBP
£0.0023 GBP
£0.0041 GBP
£0.0508 GBP
10 SOMM
£0.0042 GBP
£0.0046 GBP
£0.0081 GBP
£0.10 GBP
50 SOMM
£0.0212 GBP
£0.0229 GBP
£0.0405 GBP
£0.51 GBP
100 SOMM
£0.0424 GBP
£0.0457 GBP
£0.0810 GBP
£1.02 GBP
500 SOMM
£0.21 GBP
£0.23 GBP
£0.41 GBP
£5.08 GBP
1,000 SOMM
£0.42 GBP
£0.46 GBP
£0.81 GBP
£10.15 GBP

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