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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About ALT and SOMM
Altlayer is falling, while Sommelier is climbing this week. The current ALT to SOMM conversion rate is 15.94. Inversely, this means that if you convert 1 SOMM you will get 0.06272 ALT. The conversion rate of ALT/SOMM has increased by 0% in the last hour (SOMM/ALT decreased by 0%). In the last 24 hours, ALT/SOMM shrunk by 0.75%, while SOMM/ALT grew by the same amount.
The exchange rate of Altlayer is decreasing. The current value of 1 ALT is 15.94 SOMM. In other words, to buy 5 Altlayer, it would cost you 79.71 SOMM. Inversely, 1 SOMM would allow you to trade for 0.06272 ALT while 50 SOMM would convert to 3.14 ALT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.44%. Meanwhile, in the last 24 hours, the rate has changed by 0.7%, and that the highest exchange rate of 1 ALT to SOMM was 16.81 SOMM and the lowest 24 hour value was 1 ALT for 15.72 SOMM. Last month, 1 ALT was worth 17.75 SOMM. Today, it's down 11.33%. Looking back a year, Altlayer has changed by 38.86 SOMM. That means that in a single year, the value of Altlayer has shrank by 143.72%.
Altlayer Market Stats
AltLayer is an open and decentralised protocol for rollups that brings together the novel idea of a Restaked rollup, which takes existing rollups and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality. ALT is AltLayer’s native utility token and can be used for governance, protocol fee payments, economic bonding, and protocol incentivization.
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.
Conversion tables
ALT to SOMM values from Today at 11:34 pm
0.5 ALT = 7.97 SOMM |
1 ALT = 15.94 SOMM |
5 ALT = 79.71 SOMM |
10 ALT = 159.43 SOMM |
50 ALT = 797.14 SOMM |
100 ALT = 1,594.28 SOMM |
500 ALT = 7,971.42 SOMM |
1,000 ALT = 15,942.83 SOMM |
SOMM to ALT values from Today at 11:33 pm
0.5 SOMM = 0.03136 ALT |
1 SOMM = 0.06272 ALT |
5 SOMM = 0.3136 ALT |
10 SOMM = 0.6272 ALT |
50 SOMM = 3.14 ALT |
100 SOMM = 6.27 ALT |
500 SOMM = 31.36 ALT |
1,000 SOMM = 62.72 ALT |
ALT to SOMM over time
ALT | Today | 24H -0.70% | 1M -11.33% | 1Y -143.72% |
|---|---|---|---|---|
0.5 ALT | 7.97 SOMM | 8.03 SOMM | 8.87 SOMM | 19.43 SOMM |
1 ALT | 15.94 SOMM | 16.05 SOMM | 17.75 SOMM | 38.86 SOMM |
5 ALT | 79.71 SOMM | 80.27 SOMM | 88.74 SOMM | 194.28 SOMM |
10 ALT | 159.43 SOMM | 160.54 SOMM | 177.49 SOMM | 388.56 SOMM |
50 ALT | 797.14 SOMM | 802.71 SOMM | 887.44 SOMM | 1,942.78 SOMM |
100 ALT | 1,594.28 SOMM | 1,605.41 SOMM | 1,774.87 SOMM | 3,885.55 SOMM |
500 ALT | 7,971.42 SOMM | 8,027.07 SOMM | 8,874.36 SOMM | 19,427.75 SOMM |
1,000 ALT | 15,942.83 SOMM | 16,054.14 SOMM | 17,748.72 SOMM | 38,855.51 SOMM |
Frequently asked questions
Right now, 1 Altlayer is worth about $0.00579.
Based on the current rate, you could get 172.71 ALT for 1 USD.
Altlayer price has been declining. Since yesterday, the exchange rate of Altlayer has decreased. Since last month, the exchange rate of Altlayer has decreased. Since this time last year, the price of Altlayer has decreased.
You can use our ALT to USD calculator at the top of this page to convert any amount of ALT to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 863.56 ALT. Inversely, 5 ALT will cost about $0.02895
Altlayer is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Altlayer.
There are a number of crypto assets that have the a similar or comparable market cap to Altlayer, including Peanut the Squirrel, Astar, and Gemini Dollar. For a more robust list of assets to explore, jump to the asset page dedicated to Altlayer.
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