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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About RLS and SOMM
Rayls is falling, while Sommelier is climbing this week. The current RLS to SOMM conversion rate is 4.24. Inversely, this means that if you convert 1 SOMM you will get 0.2359 RLS. The conversion rate of RLS/SOMM has decreased by 0.12% in the last hour (SOMM/RLS increased by 0.12%). In the last 24 hours, RLS/SOMM shrunk by 16.44%, while SOMM/RLS grew by the same amount.
The exchange rate of Rayls is decreasing. The current value of 1 RLS is 4.24 SOMM. In other words, to buy 5 Rayls, it would cost you 21.19 SOMM. Inversely, 1 SOMM would allow you to trade for 0.2359 RLS while 50 SOMM would convert to 11.80 RLS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 60.73%. Meanwhile, in the last 24 hours, the rate has changed by 16.44%, and that the highest exchange rate of 1 RLS to SOMM was 4.94 SOMM and the lowest 24 hour value was 1 RLS for 4.22 SOMM. Last month, 1 RLS was worth 8.13 SOMM. Today, it's down 91.72%. Looking back a year, Rayls has changed by 0.00 SOMM. That means that in a single year, the value of Rayls has grown by 100%.
Rayls Market Stats
RLS is the native token of the Rayls blockchain, a network designed to connect traditional finance (banks, institutions) with decentralized finance. It is mainly used for transaction fees, staking, and governance across the Rayls ecosystem.
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
RLS to SOMM values from Today at 11:49 pm
0.5 RLS = 2.12 SOMM |
1 RLS = 4.24 SOMM |
5 RLS = 21.19 SOMM |
10 RLS = 42.39 SOMM |
50 RLS = 211.94 SOMM |
100 RLS = 423.87 SOMM |
500 RLS = 2,119.36 SOMM |
1,000 RLS = 4,238.72 SOMM |
SOMM to RLS values from Today at 11:46 pm
0.5 SOMM = 0.118 RLS |
1 SOMM = 0.2359 RLS |
5 SOMM = 1.18 RLS |
10 SOMM = 2.36 RLS |
50 SOMM = 11.80 RLS |
100 SOMM = 23.59 RLS |
500 SOMM = 117.96 RLS |
1,000 SOMM = 235.92 RLS |
RLS to SOMM over time
RLS | Today | 24H -16.44% | 1M -91.72% | 1Y 100.00% |
|---|---|---|---|---|
0.5 RLS | 2.12 SOMM | 2.47 SOMM | 4.06 SOMM | 0.00 SOMM |
1 RLS | 4.24 SOMM | 4.94 SOMM | 8.13 SOMM | 0.00 SOMM |
5 RLS | 21.19 SOMM | 24.68 SOMM | 40.63 SOMM | 0.00 SOMM |
10 RLS | 42.39 SOMM | 49.35 SOMM | 81.26 SOMM | 0.00 SOMM |
50 RLS | 211.94 SOMM | 246.77 SOMM | 406.32 SOMM | 0.00 SOMM |
100 RLS | 423.87 SOMM | 493.54 SOMM | 812.64 SOMM | 0.00 SOMM |
500 RLS | 2,119.36 SOMM | 2,467.69 SOMM | 4,063.18 SOMM | 0.00 SOMM |
1,000 RLS | 4,238.72 SOMM | 4,935.39 SOMM | 8,126.36 SOMM | 0.00 SOMM |
Frequently asked questions
Right now, 1 Rayls is worth about $0.002638.
Based on the current rate, you could get 379.15 RLS for 1 USD.
Rayls price has been declining. Since yesterday, the exchange rate of Rayls has decreased. Since last month, the exchange rate of Rayls has decreased. Since this time last year, the price of Rayls has decreased.
You can use our RLS to USD calculator at the top of this page to convert any amount of RLS to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1,895.73 RLS. Inversely, 5 RLS will cost about $0.01319
Rayls is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Rayls.
There are a number of crypto assets that have the a similar or comparable market cap to Rayls, including Minutes Network Token, Jager Hunter, and Inflation Hedging Coin. For a more robust list of assets to explore, jump to the asset page dedicated to Rayls.
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