Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
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 BEAM
Sommelier is climbing, while Beam is falling this week. The current SOMM to BEAM conversion rate is 0.1952. Inversely, this means that if you convert 1 BEAM you will get 5.12 SOMM. The conversion rate of SOMM/BEAM has decreased by 0.07% in the last hour (BEAM/SOMM increased by 0.07%). In the last 24 hours, SOMM/BEAM grew by 3.02%, while BEAM/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.1952 BEAM. In other words, to buy 5 Sommelier, it would cost you 0.9758 BEAM. Inversely, 1 BEAM would allow you to trade for 5.12 SOMM while 50 BEAM would convert to 256.21 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 14.34%. Meanwhile, in the last 24 hours, the rate has changed by 2.93%, and that the highest exchange rate of 1 SOMM to BEAM was 0.1953 BEAM and the lowest 24 hour value was 1 SOMM for 0.1887 BEAM. Last month, 1 SOMM was worth 0.3648 BEAM. Today, it's down 86.95%. Looking back a year, Sommelier has changed by 0.1335 BEAM. That means that in a single year, the value of Sommelier has grown by 31.61%.
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.
Beam Market Stats
The BEAM token functions as the primary currency of the Beam network, paying for all on-chain actions such as transfers and interactions with smart contracts. It is also central to the network’s economic model as the asset used to power gaming activity and other applications built on Beam.
Conversion tables
SOMM to BEAM values from Today at 9:07 pm
0.5 SOMM = 0.09758 BEAM |
1 SOMM = 0.1952 BEAM |
5 SOMM = 0.9758 BEAM |
10 SOMM = 1.95 BEAM |
50 SOMM = 9.76 BEAM |
100 SOMM = 19.52 BEAM |
500 SOMM = 97.58 BEAM |
1,000 SOMM = 195.15 BEAM |
BEAM to SOMM values from Today at 9:09 pm
0.5 BEAM = 2.56 SOMM |
1 BEAM = 5.12 SOMM |
5 BEAM = 25.62 SOMM |
10 BEAM = 51.24 SOMM |
50 BEAM = 256.21 SOMM |
100 BEAM = 512.42 SOMM |
500 BEAM = 2,562.11 SOMM |
1,000 BEAM = 5,124.23 SOMM |
SOMM to BEAM over time
SOMM | Today | 24H 2.93% | 1M -86.95% | 1Y 31.61% |
|---|---|---|---|---|
0.5 SOMM | 0.09758 BEAM | 0.09471 BEAM | 0.1824 BEAM | 0.06673 BEAM |
1 SOMM | 0.1952 BEAM | 0.1894 BEAM | 0.3648 BEAM | 0.1335 BEAM |
5 SOMM | 0.9758 BEAM | 0.9471 BEAM | 1.82 BEAM | 0.6673 BEAM |
10 SOMM | 1.95 BEAM | 1.89 BEAM | 3.65 BEAM | 1.33 BEAM |
50 SOMM | 9.76 BEAM | 9.47 BEAM | 18.24 BEAM | 6.67 BEAM |
100 SOMM | 19.52 BEAM | 18.94 BEAM | 36.48 BEAM | 13.35 BEAM |
500 SOMM | 97.58 BEAM | 94.71 BEAM | 182.42 BEAM | 66.73 BEAM |
1,000 SOMM | 195.15 BEAM | 189.43 BEAM | 364.83 BEAM | 133.46 BEAM |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0002942.
Based on the current rate, you could get 3,399.15 SOMM for 1 USD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. 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 16,995.77 SOMM. Inversely, 5 SOMM will cost about $0.001471
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 Stargaze, OFFICIAL ZUNO, and Schrodinger. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
Buy Sommelier with Coinbase
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.