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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 DEEP and SOMM
DeepBook is climbing, while Sommelier is falling this week. The current DEEP to SOMM conversion rate is 36.68. Inversely, this means that if you convert 1 SOMM you will get 0.02726 DEEP. The conversion rate of DEEP/SOMM has decreased by 1.3% in the last hour (SOMM/DEEP increased by 1.3%). In the last 24 hours, DEEP/SOMM grew by 3.32%, while SOMM/DEEP shrunk by the same amount.
The exchange rate of DeepBook is increasing. The current value of 1 DEEP is 36.68 SOMM. In other words, to buy 5 DeepBook, it would cost you 183.41 SOMM. Inversely, 1 SOMM would allow you to trade for 0.02726 DEEP while 50 SOMM would convert to 1.36 DEEP, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.22%. Meanwhile, in the last 24 hours, the rate has changed by 2.53%, and that the highest exchange rate of 1 DEEP to SOMM was 38.78 SOMM and the lowest 24 hour value was 1 DEEP for 35.75 SOMM. Last month, 1 DEEP was worth 48.03 SOMM. Today, it's down 30.95%. Looking back a year, DeepBook has changed by 0.00 SOMM. That means that in a single year, the value of DeepBook has grown by 100%.
DeepBook Market Stats
DeepBook Protocol is a decentralized central limit order book and foundational liquidity layer built natively on the Sui blockchain to provide institutional-grade trading infrastructure. The DEEP token is used to pay for trading and pool creation fees, provide liquidity incentives through maker rebates, and enable pool-level governance.
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
DEEP to SOMM values from Today at 9:32 pm
0.5 DEEP = 18.34 SOMM |
1 DEEP = 36.68 SOMM |
5 DEEP = 183.41 SOMM |
10 DEEP = 366.81 SOMM |
50 DEEP = 1,834.07 SOMM |
100 DEEP = 3,668.13 SOMM |
500 DEEP = 18,340.67 SOMM |
1,000 DEEP = 36,681.33 SOMM |
SOMM to DEEP values from Today at 9:32 pm
0.5 SOMM = 0.01363 DEEP |
1 SOMM = 0.02726 DEEP |
5 SOMM = 0.1363 DEEP |
10 SOMM = 0.2726 DEEP |
50 SOMM = 1.36 DEEP |
100 SOMM = 2.73 DEEP |
500 SOMM = 13.63 DEEP |
1,000 SOMM = 27.26 DEEP |
DEEP to SOMM over time
DEEP | Today | 24H 2.53% | 1M -30.95% | 1Y 100.00% |
|---|---|---|---|---|
0.5 DEEP | 18.34 SOMM | 17.88 SOMM | 24.02 SOMM | 0.00 SOMM |
1 DEEP | 36.68 SOMM | 35.75 SOMM | 48.03 SOMM | 0.00 SOMM |
5 DEEP | 183.41 SOMM | 178.77 SOMM | 240.17 SOMM | 0.00 SOMM |
10 DEEP | 366.81 SOMM | 357.55 SOMM | 480.34 SOMM | 0.00 SOMM |
50 DEEP | 1,834.07 SOMM | 1,787.75 SOMM | 2,401.72 SOMM | 0.00 SOMM |
100 DEEP | 3,668.13 SOMM | 3,575.50 SOMM | 4,803.43 SOMM | 0.00 SOMM |
500 DEEP | 18,340.67 SOMM | 17,877.49 SOMM | 24,017.16 SOMM | 0.00 SOMM |
1,000 DEEP | 36,681.33 SOMM | 35,754.97 SOMM | 48,034.32 SOMM | 0.00 SOMM |
Frequently asked questions
Right now, 1 DeepBook is worth about $0.01409.
Based on the current rate, you could get 70.96 DEEP for 1 USD.
DeepBook price has been on the rise. Since yesterday, the exchange rate of DeepBook has increased. Since last month, the exchange rate of DeepBook has decreased. Since this time last year, the price of DeepBook has decreased.
You can use our DEEP to USD calculator at the top of this page to convert any amount of DEEP to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 354.82 DEEP. Inversely, 5 DEEP will cost about $0.07046
DeepBook is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy DeepBook.
There are a number of crypto assets that have the a similar or comparable market cap to DeepBook, including DeepBook Protocol, Orca, and Beam. For a more robust list of assets to explore, jump to the asset page dedicated to DeepBook.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.