Convert Chinese Renminbi Yuan CNY to Sommelier SOMM

CN¥

About Sommelier

Sommelier is falling this week. The current price of Sommelier is CN¥0.004123 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CN¥1,538,370.58. The amount of Sommelier traded has risen by CN¥7.50 in the last 24 hours, which is a 33.60% increase. Additionally, in the last day, CN¥22.31 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CN¥0.004123 CNY. In other words, to buy 5 Sommelier, it would cost you CN¥0.020616 CNY. Inversely, CN¥1.00 CNY would allow you to trade for 242.53 SOMM while CN¥50.00 CNY would convert to 12,126.72 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 18.92%. Meanwhile, in the last 24 hours, the rate has changed by 3.9%, which means that the highest exchange rate of 1 SOMM to CNY was CN¥0.004353 CNY and the lowest 24 hour value was 1 SOMM for CN¥0.004119 CNY. Last month, 1 SOMM was worth CN¥0.003531 CNY. Today, it's up 17.43%. Looking back a year, Sommelier has changed by CN¥0.009349 CNY. That means that in a single year, the value of Sommelier has shrank by 53.08%.

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.

CN¥0.004123Price
CN¥1.54MMarket cap
CN¥22.31Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

CNY to SOMM values from Today at

CN¥0.50 CNY = 121.27 SOMM
CN¥1.00 CNY = 242.53 SOMM
CN¥5.00 CNY = 1,212.67 SOMM
CN¥10.00 CNY = 2,425.34 SOMM
CN¥50.00 CNY = 12,126.72 SOMM
CN¥100.00 CNY = 24,253.44 SOMM
CN¥500.00 CNY = 121,267.19 SOMM
CN¥1,000.00 CNY = 242,534.38 SOMM

SOMM to CNY values from Today at 6:23 am

0.5 SOMM = CN¥0.002062 CNY
1 SOMM = CN¥0.004123 CNY
5 SOMM = CN¥0.02062 CNY
10 SOMM = CN¥0.04123 CNY
50 SOMM = CN¥0.2062 CNY
100 SOMM = CN¥0.4123 CNY
500 SOMM = CN¥2.06 CNY
1,000 SOMM = CN¥4.12 CNY

CNY to SOMM over time

CNY
Today
24H
-23,283.74%
1M
-28,319.21%
1Y
-10,696.87%
0.5 CNY
121.27 SOMM
116.42 SOMM
141.60 SOMM
53.48 SOMM
1 CNY
242.53 SOMM
232.84 SOMM
283.19 SOMM
106.97 SOMM
5 CNY
1,212.67 SOMM
1,164.19 SOMM
1,415.96 SOMM
534.84 SOMM
10 CNY
2,425.34 SOMM
2,328.37 SOMM
2,831.92 SOMM
1,069.69 SOMM
50 CNY
12,126.72 SOMM
11,641.87 SOMM
14,159.60 SOMM
5,348.43 SOMM
100 CNY
24,253.44 SOMM
23,283.74 SOMM
28,319.21 SOMM
10,696.87 SOMM
500 CNY
121,267.19 SOMM
116,418.72 SOMM
141,596.04 SOMM
53,484.34 SOMM
1,000 CNY
242,534.38 SOMM
232,837.43 SOMM
283,192.08 SOMM
106,968.68 SOMM

Frequently asked questions

Right now, 1 Sommelier is worth about CN¥0.004123.

Based on the current rate, you could get 242.53 SOMM for 1 CNY.

Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has increased. Since this time last year, the price of Sommelier has decreased.

You can use our SOMM to CNY calculator at the top of this page to convert any amount of SOMM to CNY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CNY is equivalent to 1,212.67 SOMM. Inversely, 5 SOMM will cost about CN¥0.02062

Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.

There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Sunny Side up, Web3 Doge, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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