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About NEON and SOMM
Neon EVM is falling, while Sommelier is climbing this week. The current NEON to SOMM conversion rate is 48.08. Inversely, this means that if you convert 1 SOMM you will get 0.0208 NEON. The conversion rate of NEON/SOMM has decreased by 0.72% in the last hour (SOMM/NEON increased by 0.72%). In the last 24 hours, NEON/SOMM shrunk by 18.56%, while SOMM/NEON grew by the same amount.
The exchange rate of Neon EVM is decreasing. The current value of 1 NEON is 48.08 SOMM. In other words, to buy 5 Neon EVM, it would cost you 240.41 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0208 NEON while 50 SOMM would convert to 1.04 NEON, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.16%. Meanwhile, in the last 24 hours, the rate has changed by 18.32%, and that the highest exchange rate of 1 NEON to SOMM was 57.31 SOMM and the lowest 24 hour value was 1 NEON for 45.97 SOMM. Last month, 1 NEON was worth 43.37 SOMM. Today, it's up 9.8%. Looking back a year, Neon EVM has changed by 91.73 SOMM. That means that in a single year, the value of Neon EVM has shrank by 90.77%.
Neon EVM Market Stats
Neon EVM, the first parallelized EVM on Solana, allows developers to seamlessly deploy Ethereum dapps to Solana. This allows Ethereum dapp developers to benefit from Solana’s low gas fees and high throughput without having to make any code changes. NEON is the utility token of Neon EVM. NEON tokens can be used to pay for Neon EVM gas fees. NEON tokens can also be used to participate in decentralized 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
NEON to SOMM values from Today at 9:41 am
0.5 NEON = 24.04 SOMM |
1 NEON = 48.08 SOMM |
5 NEON = 240.41 SOMM |
10 NEON = 480.81 SOMM |
50 NEON = 2,404.07 SOMM |
100 NEON = 4,808.14 SOMM |
500 NEON = 24,040.69 SOMM |
1,000 NEON = 48,081.37 SOMM |
SOMM to NEON values from Today at 9:40 am
0.5 SOMM = 0.0104 NEON |
1 SOMM = 0.0208 NEON |
5 SOMM = 0.104 NEON |
10 SOMM = 0.208 NEON |
50 SOMM = 1.04 NEON |
100 SOMM = 2.08 NEON |
500 SOMM = 10.40 NEON |
1,000 SOMM = 20.80 NEON |
NEON to SOMM over time
NEON | Today | 24H -18.32% | 1M 9.80% | 1Y -90.77% |
|---|---|---|---|---|
0.5 NEON | 24.04 SOMM | 28.45 SOMM | 21.68 SOMM | 45.86 SOMM |
1 NEON | 48.08 SOMM | 56.89 SOMM | 43.37 SOMM | 91.73 SOMM |
5 NEON | 240.41 SOMM | 284.45 SOMM | 216.85 SOMM | 458.64 SOMM |
10 NEON | 480.81 SOMM | 568.90 SOMM | 433.69 SOMM | 917.27 SOMM |
50 NEON | 2,404.07 SOMM | 2,844.52 SOMM | 2,168.46 SOMM | 4,586.35 SOMM |
100 NEON | 4,808.14 SOMM | 5,689.03 SOMM | 4,336.91 SOMM | 9,172.70 SOMM |
500 NEON | 24,040.69 SOMM | 28,445.16 SOMM | 21,684.55 SOMM | 45,863.52 SOMM |
1,000 NEON | 48,081.37 SOMM | 56,890.31 SOMM | 43,369.10 SOMM | 91,727.03 SOMM |
Frequently asked questions
Right now, 1 Neon EVM is worth about $0.0189.
Based on the current rate, you could get 52.91 NEON for 1 USD.
Neon EVM price has been on the rise. Since yesterday, the exchange rate of Neon EVM has increased. Since last month, the exchange rate of Neon EVM has decreased. Since this time last year, the price of Neon EVM has decreased.
You can use our NEON to USD calculator at the top of this page to convert any amount of NEON to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 264.55 NEON. Inversely, 5 NEON will cost about $0.0945
Neon EVM is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Neon EVM.
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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.