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About SOMM and CHZ
Sommelier is falling, while Chiliz is climbing this week. The current SOMM to CHZ conversion rate is 0.02608. Inversely, this means that if you convert 1 CHZ you will get 38.34 SOMM. The conversion rate of SOMM/CHZ has decreased by 1.42% in the last hour (CHZ/SOMM increased by 1.42%). In the last 24 hours, SOMM/CHZ shrunk by 7.82%, while CHZ/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.02608 CHZ. In other words, to buy 5 Sommelier, it would cost you 0.13042 CHZ. Inversely, 1 CHZ would allow you to trade for 38.34 SOMM while 50 CHZ would convert to 1,916.95 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.9%. Meanwhile, in the last 24 hours, the rate has changed by 7.45%, which means that the highest exchange rate of 1 SOMM to CHZ was 0.03448 CHZ and the lowest 24 hour value was 1 SOMM for 0.02554 CHZ. Last month, 1 SOMM was worth 0.008533 CHZ. Today, it's up 67.29%. Looking back a year, Sommelier has changed by 0.03868 CHZ. That means that in a single year, the value of Sommelier has shrank by 48.29%.
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.
Chiliz Market Stats
Chiliz (CHZ) is an Ethereum token that powers Socios.com, a platform that lets users trade tokens to show their support for professional sports teams. The tokens on Socios.com — called Fan Tokens — make users eligible for rewards and promotions and can also be used to influence team decisions by popular voting on the Chiliz blockchain.
Conversion tables
SOMM to CHZ values from Today at 1:51 am
0.5 SOMM = 0.01304 CHZ |
1 SOMM = 0.02608 CHZ |
5 SOMM = 0.1304 CHZ |
10 SOMM = 0.2608 CHZ |
50 SOMM = 1.30 CHZ |
100 SOMM = 2.61 CHZ |
500 SOMM = 13.04 CHZ |
1,000 SOMM = 26.08 CHZ |
CHZ to SOMM values from Today at 1:55 am
0.5 CHZ = 19.17 SOMM |
1 CHZ = 38.34 SOMM |
5 CHZ = 191.69 SOMM |
10 CHZ = 383.39 SOMM |
50 CHZ = 1,916.95 SOMM |
100 CHZ = 3,833.89 SOMM |
500 CHZ = 19,169.47 SOMM |
1,000 CHZ = 38,338.94 SOMM |
SOMM to CHZ over time
SOMM | Today | 24H -7.45% | 1M 67.29% | 1Y -48.29% |
|---|---|---|---|---|
0.5 SOMM | 0.01304 CHZ | 0.01401 CHZ | 0.004267 CHZ | 0.01934 CHZ |
1 SOMM | 0.02608 CHZ | 0.02803 CHZ | 0.008533 CHZ | 0.03868 CHZ |
5 SOMM | 0.1304 CHZ | 0.1401 CHZ | 0.04267 CHZ | 0.1934 CHZ |
10 SOMM | 0.2608 CHZ | 0.2803 CHZ | 0.08533 CHZ | 0.3868 CHZ |
50 SOMM | 1.30 CHZ | 1.40 CHZ | 0.4267 CHZ | 1.93 CHZ |
100 SOMM | 2.61 CHZ | 2.80 CHZ | 0.8533 CHZ | 3.87 CHZ |
500 SOMM | 13.04 CHZ | 14.01 CHZ | 4.27 CHZ | 19.34 CHZ |
1,000 SOMM | 26.08 CHZ | 28.03 CHZ | 8.53 CHZ | 38.68 CHZ |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0005712.
Based on the current rate, you could get 1,750.64 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 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 8,753.18 SOMM. Inversely, 5 SOMM will cost about $0.002856
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 Titi Financial, Bnext Token, and Bullit. 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.