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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 C98
Sommelier is falling, while Coin98 is climbing this week. The current SOMM to C98 conversion rate is 0.02407. Inversely, this means that if you convert 1 C98 you will get 41.55 SOMM. The conversion rate of SOMM/C98 has increased by 3.89% in the last hour (C98/SOMM decreased by 3.89%). In the last 24 hours, SOMM/C98 shrunk by 2.82%, while C98/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.02407 C98. In other words, to buy 5 Sommelier, it would cost you 0.12033 C98. Inversely, 1 C98 would allow you to trade for 41.55 SOMM while 50 C98 would convert to 2,077.61 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.99%. Meanwhile, in the last 24 hours, the rate has changed by 1.12%, which means that the highest exchange rate of 1 SOMM to C98 was 0.0249 C98 and the lowest 24 hour value was 1 SOMM for 0.02009 C98. Last month, 1 SOMM was worth 0.02355 C98. Today, it's up 2.15%. Looking back a year, Sommelier has changed by 0.02266 C98. That means that in a single year, the value of Sommelier has grown by 5.85%.
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.
Coin98 Market Stats
C98 is an Ethereum token that powers Coin98, a DeFi platform for swapping tokens, staking, lending, and more. C98 is used to pay for transactions on Coin98, can be staked to incentivize liquidity, and can be used to vote on the future of the platform. Note: Coinbase only supports C98 on the Ethereum blockchain (ERC-20).
Conversion tables
SOMM to C98 values from Today at 8:09 pm
0.5 SOMM = 0.01203 C98 |
1 SOMM = 0.02407 C98 |
5 SOMM = 0.1203 C98 |
10 SOMM = 0.2407 C98 |
50 SOMM = 1.20 C98 |
100 SOMM = 2.41 C98 |
500 SOMM = 12.03 C98 |
1,000 SOMM = 24.07 C98 |
C98 to SOMM values from Today at 8:08 pm
0.5 C98 = 20.78 SOMM |
1 C98 = 41.55 SOMM |
5 C98 = 207.76 SOMM |
10 C98 = 415.52 SOMM |
50 C98 = 2,077.61 SOMM |
100 C98 = 4,155.21 SOMM |
500 C98 = 20,776.06 SOMM |
1,000 C98 = 41,552.12 SOMM |
SOMM to C98 over time
SOMM | Today | 24H -1.12% | 1M 2.15% | 1Y 5.85% |
|---|---|---|---|---|
0.5 SOMM | 0.01203 C98 | 0.01217 C98 | 0.01177 C98 | 0.01133 C98 |
1 SOMM | 0.02407 C98 | 0.02433 C98 | 0.02355 C98 | 0.02266 C98 |
5 SOMM | 0.1203 C98 | 0.1217 C98 | 0.1177 C98 | 0.1133 C98 |
10 SOMM | 0.2407 C98 | 0.2433 C98 | 0.2355 C98 | 0.2266 C98 |
50 SOMM | 1.20 C98 | 1.22 C98 | 1.18 C98 | 1.13 C98 |
100 SOMM | 2.41 C98 | 2.43 C98 | 2.35 C98 | 2.27 C98 |
500 SOMM | 12.03 C98 | 12.17 C98 | 11.77 C98 | 11.33 C98 |
1,000 SOMM | 24.07 C98 | 24.33 C98 | 23.55 C98 | 22.66 C98 |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003762.
Based on the current rate, you could get 2,658.00 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 increased. 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 13,290.02 SOMM. Inversely, 5 SOMM will cost about $0.001881
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 Sunny Side up, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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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.