Convert Paxos Standard PAX to Sommelier SOMM
1 PAX converts to 2,112.77 SOMM
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About PAX and SOMM
Paxos Standard is falling, while Sommelier is climbing this week. The current PAX to SOMM conversion rate is 2,112.77. Inversely, this means that if you convert 1 SOMM you will get 0.0004733 PAX. The conversion rate of PAX/SOMM has increased by 0.03% in the last hour (SOMM/PAX decreased by 0.03%). In the last 24 hours, PAX/SOMM shrunk by 0.15%, while SOMM/PAX grew by the same amount.
The exchange rate of Paxos Standard is decreasing. The current value of 1 PAX is 2,112.77 SOMM. In other words, to buy 5 Paxos Standard, it would cost you 10,563.84 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0004733 PAX while 50 SOMM would convert to 0.02367 PAX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.46%. Meanwhile, in the last 24 hours, the rate has changed by 0.05%, and that the highest exchange rate of 1 PAX to SOMM was 2,184.29 SOMM and the lowest 24 hour value was 1 PAX for 2,102.94 SOMM. Last month, 1 PAX was worth 2,461.40 SOMM. Today, it's down 16.5%. Looking back a year, Paxos Standard has changed by 965.71 SOMM. That means that in a single year, the value of Paxos Standard has grown by 54.29%.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
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
PAX to SOMM values from Today at 7:21 pm
0.5 PAX = 1,056.38 SOMM |
1 PAX = 2,112.77 SOMM |
5 PAX = 10,563.84 SOMM |
10 PAX = 21,127.68 SOMM |
50 PAX = 105,638.39 SOMM |
100 PAX = 211,276.77 SOMM |
500 PAX = 1,056,383.85 SOMM |
1,000 PAX = 2,112,767.71 SOMM |
SOMM to PAX values from Today at 7:18 pm
0.5 SOMM = 0.0002367 PAX |
1 SOMM = 0.0004733 PAX |
5 SOMM = 0.002367 PAX |
10 SOMM = 0.004733 PAX |
50 SOMM = 0.02367 PAX |
100 SOMM = 0.04733 PAX |
500 SOMM = 0.2367 PAX |
1,000 SOMM = 0.4733 PAX |
PAX to SOMM over time
PAX | Today | 24H -0.05% | 1M -16.50% | 1Y 54.29% |
|---|---|---|---|---|
0.5 PAX | 1,056.38 SOMM | 1,056.96 SOMM | 1,230.70 SOMM | 482.85 SOMM |
1 PAX | 2,112.77 SOMM | 2,113.93 SOMM | 2,461.40 SOMM | 965.71 SOMM |
5 PAX | 10,563.84 SOMM | 10,569.63 SOMM | 12,307.01 SOMM | 4,828.54 SOMM |
10 PAX | 21,127.68 SOMM | 21,139.27 SOMM | 24,614.01 SOMM | 9,657.09 SOMM |
50 PAX | 105,638.39 SOMM | 105,696.35 SOMM | 123,070.06 SOMM | 48,285.43 SOMM |
100 PAX | 211,276.77 SOMM | 211,392.69 SOMM | 246,140.12 SOMM | 96,570.86 SOMM |
500 PAX | 1,056,383.85 SOMM | 1,056,963.46 SOMM | 1,230,700.61 SOMM | 482,854.29 SOMM |
1,000 PAX | 2,112,767.71 SOMM | 2,113,926.92 SOMM | 2,461,401.23 SOMM | 965,708.59 SOMM |
Frequently asked questions
Right now, 1 Paxos Standard is worth about $0.9981.
Based on the current rate, you could get 1.00 PAX for 1 USD.
Paxos Standard price has been on the rise. Since yesterday, the exchange rate of Paxos Standard has increased. Since last month, the exchange rate of Paxos Standard has decreased. Since this time last year, the price of Paxos Standard has decreased.
You can use our PAX to USD calculator at the top of this page to convert any amount of PAX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.01 PAX. Inversely, 5 PAX will cost about $4.99
Paxos Standard is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Paxos Standard.
There are a number of crypto assets that have the a similar or comparable market cap to Paxos Standard, including Momentum, DFDV tokenized stock (xStock), and Micron Technology Tokenized bStocks. For a more robust list of assets to explore, jump to the asset page dedicated to Paxos Standard.
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