Convert Sommelier SOMM to Canadian Dollar CAD

SOMM to CAD: 1 Sommelier converts to CA$0.0005071 CAD as of August 12 at 10:09 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is CA$0.0005071 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$190,977.41. The amount of Sommelier traded has risen by CA$31.27 in the last 24 hours, which is a 429.65% increase. Additionally, in the last day, CA$7.28 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0005071 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0025357 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,971.84 SOMM while CA$50.00 CAD would convert to 98,591.97 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 9.23%. Meanwhile, in the last 24 hours, the rate has changed by 0.33%, which means that the highest exchange rate of 1 SOMM to CAD was CA$0.0005155 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0005063 CAD. Last month, 1 SOMM was worth CA$0.0005155 CAD. Today, it's down 0.23%. Looking back a year, Sommelier has changed by CA$0.001447 CAD. That means that in a single year, the value of Sommelier has shrank by 65.47%.

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.

CA$0.0005071Price
CA$190.98KMarket cap
CA$7.28Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to CAD values from Today at 10:09 pm

0.5 SOMM = CA$0.0002536 CAD
1 SOMM = CA$0.0005071 CAD
5 SOMM = CA$0.002536 CAD
10 SOMM = CA$0.005071 CAD
50 SOMM = CA$0.02536 CAD
100 SOMM = CA$0.05071 CAD
500 SOMM = CA$0.2536 CAD
1,000 SOMM = CA$0.5071 CAD

CAD to SOMM values from Today at

CA$0.50 CAD = 985.92 SOMM
CA$1.00 CAD = 1,971.84 SOMM
CA$5.00 CAD = 9,859.20 SOMM
CA$10.00 CAD = 19,718.39 SOMM
CA$50.00 CAD = 98,591.97 SOMM
CA$100.00 CAD = 197,183.94 SOMM
CA$500.00 CAD = 985,919.71 SOMM
CA$1,000.00 CAD = 1,971,839.43 SOMM

SOMM to CAD over time

SOMM
Today
24H
-0.04%
1M
-1.65%
1Y
-185.25%
0.5 SOMM
CA$0.0002536 CAD
CA$0.0002537 CAD
CA$0.0002578 CAD
CA$0.0007233 CAD
1 SOMM
CA$0.0005071 CAD
CA$0.0005073 CAD
CA$0.0005155 CAD
CA$0.001447 CAD
5 SOMM
CA$0.002536 CAD
CA$0.002537 CAD
CA$0.002578 CAD
CA$0.007233 CAD
10 SOMM
CA$0.005071 CAD
CA$0.005073 CAD
CA$0.005155 CAD
CA$0.01447 CAD
50 SOMM
CA$0.02536 CAD
CA$0.02537 CAD
CA$0.02578 CAD
CA$0.07233 CAD
100 SOMM
CA$0.05071 CAD
CA$0.05073 CAD
CA$0.05155 CAD
CA$0.1447 CAD
500 SOMM
CA$0.2536 CAD
CA$0.2537 CAD
CA$0.2578 CAD
CA$0.7233 CAD
1,000 SOMM
CA$0.5071 CAD
CA$0.5073 CAD
CA$0.5155 CAD
CA$1.45 CAD

Frequently asked questions

Right now, 1 Sommelier is worth about CA$0.0005071.

Based on the current rate, you could get 1,971.84 SOMM for 1 CAD.

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 CAD calculator at the top of this page to convert any amount of SOMM to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 9,859.20 SOMM. Inversely, 5 SOMM will cost about CA$0.002536

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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