Convert Sommelier SOMM to Japanese Yen JPY
SOMM to JPY: 1 Sommelier converts to ¥0.0894 JPY as of December 29 at 11:33 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is ¥0.0894 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of ¥33,429,727.64. The amount of Sommelier traded has fallen by ¥0 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, ¥25,704 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ¥0.0894 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.4472 JPY. Inversely, ¥1 JPY would allow you to trade for 11.18 SOMM while ¥50 JPY would convert to 559.05 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 JPY was ¥0.0996 JPY and the lowest 24 hour value was 1 SOMM for ¥0.0855 JPY. Last month, 1 SOMM was worth ¥0.17 JPY. Today, it's down 46.6%. Looking back a year, Sommelier has changed by ¥2.00 JPY. 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.
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Conversion tables
SOMM to JPY values from Today at 11:33 pm
0.5 SOMM = ¥0.0447 JPY |
1 SOMM = ¥0.0894 JPY |
5 SOMM = ¥0.45 JPY |
10 SOMM = ¥0.89 JPY |
50 SOMM = ¥4.47 JPY |
100 SOMM = ¥8.94 JPY |
500 SOMM = ¥44.72 JPY |
1,000 SOMM = ¥89.44 JPY |
JPY to SOMM values from Today at 11:34 pm
¥1 JPY = 5.59 SOMM |
¥1 JPY = 11.18 SOMM |
¥5 JPY = 55.91 SOMM |
¥10 JPY = 111.81 SOMM |
¥50 JPY = 559.05 SOMM |
¥100 JPY = 1,118.10 SOMM |
¥500 JPY = 5,590.52 SOMM |
¥1,000 JPY = 11,181.04 SOMM |
SOMM to JPY over time
SOMM | Today | 24H -7.94% | 1M -87.34% | 1Y -2,136.50% |
|---|---|---|---|---|
0.5 SOMM | ¥0.0447 JPY | ¥0.0483 JPY | ¥0.0838 JPY | ¥1.00 JPY |
1 SOMM | ¥0.0894 JPY | ¥0.0965 JPY | ¥0.17 JPY | ¥2.00 JPY |
5 SOMM | ¥0.45 JPY | ¥0.48 JPY | ¥0.84 JPY | ¥10.00 JPY |
10 SOMM | ¥0.89 JPY | ¥0.97 JPY | ¥1.68 JPY | ¥20.00 JPY |
50 SOMM | ¥4.47 JPY | ¥4.83 JPY | ¥8.38 JPY | ¥100.01 JPY |
100 SOMM | ¥8.94 JPY | ¥9.65 JPY | ¥16.76 JPY | ¥200.03 JPY |
500 SOMM | ¥44.72 JPY | ¥48.27 JPY | ¥83.78 JPY | ¥1,000.13 JPY |
1,000 SOMM | ¥89.44 JPY | ¥96.54 JPY | ¥167.55 JPY | ¥2,000.26 JPY |
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Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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