Convert Maldivian Rufiyaa MVR to Sommelier SOMM
1 MVR converts to 144.64 SOMM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is MVR 0.006914 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MVR 2,578,047.31. The amount of Sommelier traded has fallen by -MVR 252.95 in the last 24 hours, which is a 59.02% decrease. Additionally, in the last day, MVR 428.57 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is MVR 0.006914 MVR. In other words, to buy 5 Sommelier, it would cost you MVR 0.03457 MVR. Inversely, MVR 1.00 MVR would allow you to trade for 144.64 SOMM while MVR 50.00 MVR would convert to 7,231.78 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.73%. Meanwhile, in the last 24 hours, the rate has changed by 11.44%, which means that the highest exchange rate of 1 SOMM to MVR was MVR 0.008329 MVR and the lowest 24 hour value was 1 SOMM for MVR 0.006882 MVR. Last month, 1 SOMM was worth MVR 0.004705 MVR. Today, it's up 47.11%. Looking back a year, Sommelier has changed by MVR 0.01947 MVR. That means that in a single year, the value of Sommelier has shrank by 64.53%.
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
MVR to SOMM values from Today at
MVR 0.50 MVR = 72.32 SOMM |
MVR 1.00 MVR = 144.64 SOMM |
MVR 5.00 MVR = 723.18 SOMM |
MVR 10.00 MVR = 1,446.36 SOMM |
MVR 50.00 MVR = 7,231.78 SOMM |
MVR 100.00 MVR = 14,463.57 SOMM |
MVR 500.00 MVR = 72,317.85 SOMM |
MVR 1,000.00 MVR = 144,635.69 SOMM |
SOMM to MVR values from Today at 4:33 pm
0.5 SOMM = MVR 0.003457 MVR |
1 SOMM = MVR 0.006914 MVR |
5 SOMM = MVR 0.03457 MVR |
10 SOMM = MVR 0.06914 MVR |
50 SOMM = MVR 0.3457 MVR |
100 SOMM = MVR 0.6914 MVR |
500 SOMM = MVR 3.46 MVR |
1,000 SOMM = MVR 6.91 MVR |
MVR to SOMM over time
MVR | Today | 24H -12,799.56% | 1M -21,252.40% | 1Y -5,137.10% |
|---|---|---|---|---|
0.5 MVR | 72.32 SOMM | 64.00 SOMM | 106.26 SOMM | 25.69 SOMM |
1 MVR | 144.64 SOMM | 128.00 SOMM | 212.52 SOMM | 51.37 SOMM |
5 MVR | 723.18 SOMM | 639.98 SOMM | 1,062.62 SOMM | 256.85 SOMM |
10 MVR | 1,446.36 SOMM | 1,279.96 SOMM | 2,125.24 SOMM | 513.71 SOMM |
50 MVR | 7,231.78 SOMM | 6,399.78 SOMM | 10,626.20 SOMM | 2,568.55 SOMM |
100 MVR | 14,463.57 SOMM | 12,799.56 SOMM | 21,252.40 SOMM | 5,137.10 SOMM |
500 MVR | 72,317.85 SOMM | 63,997.78 SOMM | 106,261.99 SOMM | 25,685.48 SOMM |
1,000 MVR | 144,635.69 SOMM | 127,995.55 SOMM | 212,523.98 SOMM | 51,370.95 SOMM |
Frequently asked questions
Right now, 1 Sommelier is worth about MVR 0.006914.
Based on the current rate, you could get 144.64 SOMM for 1 MVR.
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 MVR calculator at the top of this page to convert any amount of SOMM to MVR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MVR is equivalent to 723.18 SOMM. Inversely, 5 SOMM will cost about MVR 0.03457
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 FintruX Network, IC GHOST, and EthicHub. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
Related conversions
Learn how to buy popular cryptocurrencies
Popular prediction markets
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.





