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About IDEX and SOMM
IDEX is falling, while Sommelier is climbing this week. The current IDEX to SOMM conversion rate is 2.94. Inversely, this means that if you convert 1 SOMM you will get 0.3406 IDEX. The conversion rate of IDEX/SOMM has increased by 0.78% in the last hour (SOMM/IDEX decreased by 0.78%). In the last 24 hours, IDEX/SOMM shrunk by 58.58%, while SOMM/IDEX grew by the same amount.
The exchange rate of IDEX is decreasing. The current value of 1 IDEX is 2.94 SOMM. In other words, to buy 5 IDEX, it would cost you 14.68 SOMM. Inversely, 1 SOMM would allow you to trade for 0.3406 IDEX while 50 SOMM would convert to 17.03 IDEX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 32.37%. Meanwhile, in the last 24 hours, the rate has changed by 58.44%, and that the highest exchange rate of 1 IDEX to SOMM was 4.68 SOMM and the lowest 24 hour value was 1 IDEX for 2.61 SOMM. Last month, 1 IDEX was worth 3.86 SOMM. Today, it's down 31.33%. Looking back a year, IDEX has changed by 23.11 SOMM. That means that in a single year, the value of IDEX has shrank by 687.1%.
IDEX Market Stats
IDEX is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
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
IDEX to SOMM values from Today at 12:37 am
0.5 IDEX = 1.47 SOMM |
1 IDEX = 2.94 SOMM |
5 IDEX = 14.68 SOMM |
10 IDEX = 29.36 SOMM |
50 IDEX = 146.80 SOMM |
100 IDEX = 293.61 SOMM |
500 IDEX = 1,468.04 SOMM |
1,000 IDEX = 2,936.08 SOMM |
SOMM to IDEX values from Today at 12:35 am
0.5 SOMM = 0.1703 IDEX |
1 SOMM = 0.3406 IDEX |
5 SOMM = 1.70 IDEX |
10 SOMM = 3.41 IDEX |
50 SOMM = 17.03 IDEX |
100 SOMM = 34.06 IDEX |
500 SOMM = 170.30 IDEX |
1,000 SOMM = 340.59 IDEX |
IDEX to SOMM over time
IDEX | Today | 24H -58.44% | 1M -31.33% | 1Y -687.10% |
|---|---|---|---|---|
0.5 IDEX | 1.47 SOMM | 2.33 SOMM | 1.93 SOMM | 11.55 SOMM |
1 IDEX | 2.94 SOMM | 4.65 SOMM | 3.86 SOMM | 23.11 SOMM |
5 IDEX | 14.68 SOMM | 23.26 SOMM | 19.28 SOMM | 115.55 SOMM |
10 IDEX | 29.36 SOMM | 46.52 SOMM | 38.56 SOMM | 231.10 SOMM |
50 IDEX | 146.80 SOMM | 232.60 SOMM | 192.79 SOMM | 1,155.49 SOMM |
100 IDEX | 293.61 SOMM | 465.19 SOMM | 385.58 SOMM | 2,310.97 SOMM |
500 IDEX | 1,468.04 SOMM | 2,325.96 SOMM | 1,927.92 SOMM | 11,554.87 SOMM |
1,000 IDEX | 2,936.08 SOMM | 4,651.92 SOMM | 3,855.83 SOMM | 23,109.73 SOMM |
Frequently asked questions
Right now, 1 IDEX is worth about $0.001255.
Based on the current rate, you could get 796.81 IDEX for 1 USD.
IDEX price has been declining. Since yesterday, the exchange rate of IDEX has decreased. Since last month, the exchange rate of IDEX has decreased. Since this time last year, the price of IDEX has decreased.
You can use our IDEX to USD calculator at the top of this page to convert any amount of IDEX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 3,984.06 IDEX. Inversely, 5 IDEX will cost about $0.006275
IDEX is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy IDEX.
There are a number of crypto assets that have the a similar or comparable market cap to IDEX, including LOOK, DFI.Money, and Perpetual Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to IDEX.
Buy IDEX with Coinbase
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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.