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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 SOMM and 00
Sommelier is climbing, while 00 Token is falling this week. The current SOMM to 00 conversion rate is 0.03879. Inversely, this means that if you convert 1 00 you will get 25.78 SOMM. The conversion rate of SOMM/00 has decreased by 1.96% in the last hour (00/SOMM increased by 1.96%). In the last 24 hours, SOMM/00 grew by 20.94%, while 00/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.03879 00. In other words, to buy 5 Sommelier, it would cost you 0.19396 00. Inversely, 1 00 would allow you to trade for 25.78 SOMM while 50 00 would convert to 1,288.94 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 138.06%. Meanwhile, in the last 24 hours, the rate has changed by 19.89%, and that the highest exchange rate of 1 SOMM to 00 was 0.04061 00 and the lowest 24 hour value was 1 SOMM for 0.02498 00. Last month, 1 SOMM was worth 0.1374 00. Today, it's down 254.31%. Looking back a year, Sommelier has changed by 0.06532 00. That means that in a single year, the value of Sommelier has shrank by 68.39%.
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.
00 Token Market Stats
00 is the ERC-20 utility token of the P00LS platform and ecosystem, which supports the distribution and trading of social tokens. Legendary footballer Ronaldinho recently launched his social token, RON, on the P00LS platform. 00 tokens are used to govern the zerozero DAO and access premium P00LS features.
Conversion tables
SOMM to 00 values from Today at 12:32 pm
0.5 SOMM = 0.0194 00 |
1 SOMM = 0.03879 00 |
5 SOMM = 0.194 00 |
10 SOMM = 0.3879 00 |
50 SOMM = 1.94 00 |
100 SOMM = 3.88 00 |
500 SOMM = 19.40 00 |
1,000 SOMM = 38.79 00 |
00 to SOMM values from Today at 12:34 pm
0.5 00 = 12.89 SOMM |
1 00 = 25.78 SOMM |
5 00 = 128.89 SOMM |
10 00 = 257.79 SOMM |
50 00 = 1,288.94 SOMM |
100 00 = 2,577.88 SOMM |
500 00 = 12,889.42 SOMM |
1,000 00 = 25,778.84 SOMM |
SOMM to 00 over time
SOMM | Today | 24H 19.89% | 1M -254.31% | 1Y -68.39% |
|---|---|---|---|---|
0.5 SOMM | 0.0194 00 | 0.01554 00 | 0.06872 00 | 0.03266 00 |
1 SOMM | 0.03879 00 | 0.03108 00 | 0.1374 00 | 0.06532 00 |
5 SOMM | 0.194 00 | 0.1554 00 | 0.6872 00 | 0.3266 00 |
10 SOMM | 0.3879 00 | 0.3108 00 | 1.37 00 | 0.6532 00 |
50 SOMM | 1.94 00 | 1.55 00 | 6.87 00 | 3.27 00 |
100 SOMM | 3.88 00 | 3.11 00 | 13.74 00 | 6.53 00 |
500 SOMM | 19.40 00 | 15.54 00 | 68.72 00 | 32.66 00 |
1,000 SOMM | 38.79 00 | 31.08 00 | 137.44 00 | 65.32 00 |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003026.
Based on the current rate, you could get 3,304.98 SOMM for 1 USD.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 16,524.90 SOMM. Inversely, 5 SOMM will cost about $0.001513
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 GENZ Token, Cedar, and Sway Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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