Convert Sky SKY to Sommelier SOMM
1 SKY converts to 124.90 SOMM
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About SKY and SOMM
Sky is climbing, while Sommelier is falling this week. The current SKY to SOMM conversion rate is 124.90. Inversely, this means that if you convert 1 SOMM you will get 0.008006 SKY. The conversion rate of SKY/SOMM has decreased by 2.12% in the last hour (SOMM/SKY increased by 2.12%). In the last 24 hours, SKY/SOMM grew by 2.23%, while SOMM/SKY shrunk by the same amount.
The exchange rate of Sky is increasing. The current value of 1 SKY is 124.90 SOMM. In other words, to buy 5 Sky, it would cost you 624.51 SOMM. Inversely, 1 SOMM would allow you to trade for 0.008006 SKY while 50 SOMM would convert to 0.4003 SKY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 59.72%. Meanwhile, in the last 24 hours, the rate has changed by 2.2%, and that the highest exchange rate of 1 SKY to SOMM was 129.50 SOMM and the lowest 24 hour value was 1 SKY for 115.67 SOMM. Last month, 1 SKY was worth 144.71 SOMM. Today, it's down 15.86%. Looking back a year, Sky has changed by 80.13 SOMM. That means that in a single year, the value of Sky has grown by 35.85%.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven 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
SKY to SOMM values from Today at 5:14 am
0.5 SKY = 62.45 SOMM |
1 SKY = 124.90 SOMM |
5 SKY = 624.51 SOMM |
10 SKY = 1,249.02 SOMM |
50 SKY = 6,245.12 SOMM |
100 SKY = 12,490.24 SOMM |
500 SKY = 62,451.20 SOMM |
1,000 SKY = 124,902.39 SOMM |
SOMM to SKY values from Today at 5:10 am
0.5 SOMM = 0.004003 SKY |
1 SOMM = 0.008006 SKY |
5 SOMM = 0.04003 SKY |
10 SOMM = 0.08006 SKY |
50 SOMM = 0.4003 SKY |
100 SOMM = 0.8006 SKY |
500 SOMM = 4.00 SKY |
1,000 SOMM = 8.01 SKY |
SKY to SOMM over time
SKY | Today | 24H 2.20% | 1M -15.86% | 1Y 35.85% |
|---|---|---|---|---|
0.5 SKY | 62.45 SOMM | 61.08 SOMM | 72.35 SOMM | 40.06 SOMM |
1 SKY | 124.90 SOMM | 122.15 SOMM | 144.71 SOMM | 80.13 SOMM |
5 SKY | 624.51 SOMM | 610.76 SOMM | 723.55 SOMM | 400.64 SOMM |
10 SKY | 1,249.02 SOMM | 1,221.52 SOMM | 1,447.09 SOMM | 801.28 SOMM |
50 SKY | 6,245.12 SOMM | 6,107.61 SOMM | 7,235.45 SOMM | 4,006.40 SOMM |
100 SKY | 12,490.24 SOMM | 12,215.23 SOMM | 14,470.90 SOMM | 8,012.80 SOMM |
500 SKY | 62,451.20 SOMM | 61,076.14 SOMM | 72,354.51 SOMM | 40,064.00 SOMM |
1,000 SKY | 124,902.39 SOMM | 122,152.28 SOMM | 144,709.02 SOMM | 80,128.00 SOMM |
Frequently asked questions
Right now, 1 Sky is worth about $0.05627.
Based on the current rate, you could get 17.77 SKY for 1 USD.
Sky price has been on the rise. Since yesterday, the exchange rate of Sky has increased. Since last month, the exchange rate of Sky has decreased. Since this time last year, the price of Sky has decreased.
You can use our SKY to USD calculator at the top of this page to convert any amount of SKY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 88.87 SKY. Inversely, 5 SKY will cost about $0.2813
Sky is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Sky.
There are a number of crypto assets that have the a similar or comparable market cap to Sky, including Pi, Internet Computer, and USDD. For a more robust list of assets to explore, jump to the asset page dedicated to Sky.
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