Convert Moldovan Leu MDL to Sommelier SOMM

MDL

About Sommelier

Sommelier is falling this week. The current price of Sommelier is MDL 0.007722 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MDL 2,880,292.25. The amount of Sommelier traded has fallen by -MDL 285.00 in the last 24 hours, which is a 68.04% decrease. Additionally, in the last day, MDL 418.85 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is MDL 0.007722 MDL. In other words, to buy 5 Sommelier, it would cost you MDL 0.03861 MDL. Inversely, MDL 1.00 MDL would allow you to trade for 129.50 SOMM while MDL 50.00 MDL would convert to 6,474.99 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 9.43%. Meanwhile, in the last 24 hours, the rate has changed by 7.91%, which means that the highest exchange rate of 1 SOMM to MDL was MDL 0.009326 MDL and the lowest 24 hour value was 1 SOMM for MDL 0.007662 MDL. Last month, 1 SOMM was worth MDL 0.005203 MDL. Today, it's up 46.03%. Looking back a year, Sommelier has changed by MDL 0.02175 MDL. That means that in a single year, the value of Sommelier has shrank by 64.79%.

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.

MDL 0.007722Price
MDL 2.88MMarket cap
MDL 418.85Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

MDL to SOMM values from Today at

MDL 0.50 MDL = 64.75 SOMM
MDL 1.00 MDL = 129.50 SOMM
MDL 5.00 MDL = 647.50 SOMM
MDL 10.00 MDL = 1,295.00 SOMM
MDL 50.00 MDL = 6,474.99 SOMM
MDL 100.00 MDL = 12,949.98 SOMM
MDL 500.00 MDL = 64,749.88 SOMM
MDL 1,000.00 MDL = 129,499.75 SOMM

SOMM to MDL values from Today at 7:58 pm

0.5 SOMM = MDL 0.003861 MDL
1 SOMM = MDL 0.007722 MDL
5 SOMM = MDL 0.03861 MDL
10 SOMM = MDL 0.07722 MDL
50 SOMM = MDL 0.3861 MDL
100 SOMM = MDL 0.7722 MDL
500 SOMM = MDL 3.86 MDL
1,000 SOMM = MDL 7.72 MDL

MDL to SOMM over time

MDL
Today
24H
-12,028.89%
1M
-19,221.29%
1Y
-4,597.00%
0.5 MDL
64.75 SOMM
60.14 SOMM
96.11 SOMM
22.99 SOMM
1 MDL
129.50 SOMM
120.29 SOMM
192.21 SOMM
45.97 SOMM
5 MDL
647.50 SOMM
601.44 SOMM
961.06 SOMM
229.85 SOMM
10 MDL
1,295.00 SOMM
1,202.89 SOMM
1,922.13 SOMM
459.70 SOMM
50 MDL
6,474.99 SOMM
6,014.45 SOMM
9,610.65 SOMM
2,298.50 SOMM
100 MDL
12,949.98 SOMM
12,028.89 SOMM
19,221.29 SOMM
4,597.00 SOMM
500 MDL
64,749.88 SOMM
60,144.46 SOMM
96,106.46 SOMM
22,985.01 SOMM
1,000 MDL
129,499.75 SOMM
120,288.91 SOMM
192,212.93 SOMM
45,970.03 SOMM

Frequently asked questions

Right now, 1 Sommelier is worth about MDL 0.007722.

Based on the current rate, you could get 129.50 SOMM for 1 MDL.

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 MDL calculator at the top of this page to convert any amount of SOMM to MDL. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MDL is equivalent to 647.50 SOMM. Inversely, 5 SOMM will cost about MDL 0.03861

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 Bancor Governance Token, Alita Finance, and FLOKI X. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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