Convert Maldivian Rufiyaa MVR to Sommelier SOMM

MVR

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.

MVR 0.006914Price
MVR 2.58MMarket cap
MVR 428.57Volume (24h)
374.8M SOMMCir. Supply

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.

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