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Convert Sommelier SOMM to Japanese Yen JPY

SOMM to JPY: 1 Sommelier converts to ¥0.14 JPY as of July 19 at 5:58 PM

¥

About Sommelier

Sommelier is falling this week. The current price of Sommelier is ¥0.14 per SOMM. With a circulating supply of 364,039,569 SOMM, it means that Sommelier has a total market cap of ¥51,949,936.35. The amount of Sommelier traded has fallen by -¥201,838 in the last 24 hours, which is a 48.58% decrease. Additionally, in the last day, ¥415,494 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ¥0.14 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.71 JPY. Inversely, ¥1 JPY would allow you to trade for 7.00 SOMM while ¥50 JPY would convert to 349.99 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 30.96%. Meanwhile, in the last 24 hours, the rate has changed by 15.7%, and that the highest exchange rate of 1 SOMM to JPY was ¥0.17 JPY and the lowest 24 hour value was 1 SOMM for ¥0.13 JPY. Last month, 1 SOMM was worth ¥0.19 JPY. Today, it's down 25.62%. Looking back a year, Sommelier has changed by ¥4.63 JPY. 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.

¥0.14Price
¥51.95MMarket cap
¥415.49KVolume (24h)
364M SOMMCir. Supply

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Conversion tables

SOMM to JPY values from Today at 5:58 pm

0.5 SOMM = ¥0.0714 JPY
1 SOMM = ¥0.14 JPY
5 SOMM = ¥0.71 JPY
10 SOMM = ¥1.43 JPY
50 SOMM = ¥7.14 JPY
100 SOMM = ¥14.29 JPY
500 SOMM = ¥71.43 JPY
1,000 SOMM = ¥142.86 JPY

JPY to SOMM values from Today at 5:58 pm

¥1 JPY = 3.50 SOMM
¥1 JPY = 7.00 SOMM
¥5 JPY = 35.00 SOMM
¥10 JPY = 70.00 SOMM
¥50 JPY = 349.99 SOMM
¥100 JPY = 699.98 SOMM
¥500 JPY = 3,499.90 SOMM
¥1,000 JPY = 6,999.80 SOMM

SOMM to JPY over time

SOMM
Today
24H
-18.12%
1M
-31.42%
1Y
-3,141.74%
0.5 SOMM
¥0.0714 JPY
¥0.0844 JPY
¥0.0939 JPY
¥2.32 JPY
1 SOMM
¥0.14 JPY
¥0.17 JPY
¥0.19 JPY
¥4.63 JPY
5 SOMM
¥0.71 JPY
¥0.84 JPY
¥0.94 JPY
¥23.16 JPY
10 SOMM
¥1.43 JPY
¥1.69 JPY
¥1.88 JPY
¥46.31 JPY
50 SOMM
¥7.14 JPY
¥8.44 JPY
¥9.39 JPY
¥231.56 JPY
100 SOMM
¥14.29 JPY
¥16.88 JPY
¥18.77 JPY
¥463.12 JPY
500 SOMM
¥71.43 JPY
¥84.38 JPY
¥93.87 JPY
¥2,315.59 JPY
1,000 SOMM
¥142.86 JPY
¥168.75 JPY
¥187.74 JPY
¥4,631.18 JPY

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