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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 CGLD
Sommelier is climbing, while Celo is falling this week. The current SOMM to CGLD conversion rate is 0.004863. Inversely, this means that if you convert 1 CGLD you will get 205.61 SOMM. The conversion rate of SOMM/CGLD has increased by 0.39% in the last hour (CGLD/SOMM decreased by 0.39%). In the last 24 hours, SOMM/CGLD grew by 9.13%, while CGLD/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.004863 CGLD. In other words, to buy 5 Sommelier, it would cost you 0.024317 CGLD. Inversely, 1 CGLD would allow you to trade for 205.61 SOMM while 50 CGLD would convert to 10,280.71 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.05%. Meanwhile, in the last 24 hours, the rate has changed by 9.25%, which means that the highest exchange rate of 1 SOMM to CGLD was 0.005417 CGLD and the lowest 24 hour value was 1 SOMM for 0.004414 CGLD. Last month, 1 SOMM was worth 0.004473 CGLD. Today, it's up 8.03%. Looking back a year, Sommelier has changed by 0.003573 CGLD. That means that in a single year, the value of Sommelier has grown by 26.53%.
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.
Celo Market Stats
Celo is the core utility, reserve, staking, and governance asset for the Celo platform. The platform aims to make financial tools borderless, easy to use, and accessible for anyone with a mobile phone.
Conversion tables
SOMM to CGLD values from Today at 2:30 am
0.5 SOMM = 0.002432 CGLD |
1 SOMM = 0.004863 CGLD |
5 SOMM = 0.02432 CGLD |
10 SOMM = 0.04863 CGLD |
50 SOMM = 0.2432 CGLD |
100 SOMM = 0.4863 CGLD |
500 SOMM = 2.43 CGLD |
1,000 SOMM = 4.86 CGLD |
CGLD to SOMM values from Today at 2:21 am
0.5 CGLD = 102.81 SOMM |
1 CGLD = 205.61 SOMM |
5 CGLD = 1,028.07 SOMM |
10 CGLD = 2,056.14 SOMM |
50 CGLD = 10,280.71 SOMM |
100 CGLD = 20,561.42 SOMM |
500 CGLD = 102,807.10 SOMM |
1,000 CGLD = 205,614.20 SOMM |
SOMM to CGLD over time
SOMM | Today | 24H 9.25% | 1M 8.03% | 1Y 26.53% |
|---|---|---|---|---|
0.5 SOMM | 0.002432 CGLD | 0.002207 CGLD | 0.002236 CGLD | 0.001787 CGLD |
1 SOMM | 0.004863 CGLD | 0.004414 CGLD | 0.004473 CGLD | 0.003573 CGLD |
5 SOMM | 0.02432 CGLD | 0.02207 CGLD | 0.02236 CGLD | 0.01787 CGLD |
10 SOMM | 0.04863 CGLD | 0.04414 CGLD | 0.04473 CGLD | 0.03573 CGLD |
50 SOMM | 0.2432 CGLD | 0.2207 CGLD | 0.2236 CGLD | 0.1787 CGLD |
100 SOMM | 0.4863 CGLD | 0.4414 CGLD | 0.4473 CGLD | 0.3573 CGLD |
500 SOMM | 2.43 CGLD | 2.21 CGLD | 2.24 CGLD | 1.79 CGLD |
1,000 SOMM | 4.86 CGLD | 4.41 CGLD | 4.47 CGLD | 3.57 CGLD |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003706.
Based on the current rate, you could get 2,698.35 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 13,491.75 SOMM. Inversely, 5 SOMM will cost about $0.001853
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, Safuu, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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