Convert Sommelier SOMM to Chinese Renminbi Yuan CNY
SOMM to CNY: 1 Sommelier converts to CN¥0.002283 CNY as of July 18 at 4:56 PM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is CN¥0.002283 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CN¥851,801.45. The amount of Sommelier traded has fallen by -CN¥3.16 in the last 24 hours, which is a 0.85% decrease. Additionally, in the last day, CN¥369.75 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is CN¥0.002283 CNY. In other words, to buy 5 Sommelier, it would cost you CN¥0.011414 CNY. Inversely, CN¥1.00 CNY would allow you to trade for 438.08 SOMM while CN¥50.00 CNY would convert to 21,903.75 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 7.89%. Meanwhile, in the last 24 hours, the rate has changed by 0.23%, and that the highest exchange rate of 1 SOMM to CNY was CN¥0.002283 CNY and the lowest 24 hour value was 1 SOMM for CN¥0.002275 CNY. Last month, 1 SOMM was worth CN¥0.004178 CNY. Today, it's down 45.51%. Looking back a year, Sommelier has changed by CN¥0.006274 CNY. That means that in a single year, the value of Sommelier has shrank by 61.46%.
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.
Conversion tables
SOMM to CNY values from Today at 4:56 pm
0.5 SOMM = CN¥0.001141 CNY |
1 SOMM = CN¥0.002283 CNY |
5 SOMM = CN¥0.01141 CNY |
10 SOMM = CN¥0.02283 CNY |
50 SOMM = CN¥0.1141 CNY |
100 SOMM = CN¥0.2283 CNY |
500 SOMM = CN¥1.14 CNY |
1,000 SOMM = CN¥2.28 CNY |
CNY to SOMM values from Today at
CN¥0.50 CNY = 219.04 SOMM |
CN¥1.00 CNY = 438.08 SOMM |
CN¥5.00 CNY = 2,190.38 SOMM |
CN¥10.00 CNY = 4,380.75 SOMM |
CN¥50.00 CNY = 21,903.75 SOMM |
CN¥100.00 CNY = 43,807.50 SOMM |
CN¥500.00 CNY = 219,037.50 SOMM |
CN¥1,000.00 CNY = 438,075.01 SOMM |
SOMM to CNY over time
SOMM | Today | 24H 0.23% | 1M -83.03% | 1Y -174.84% |
|---|---|---|---|---|
0.5 SOMM | CN¥0.001141 CNY | CN¥0.001139 CNY | CN¥0.002089 CNY | CN¥0.003137 CNY |
1 SOMM | CN¥0.002283 CNY | CN¥0.002278 CNY | CN¥0.004178 CNY | CN¥0.006274 CNY |
5 SOMM | CN¥0.01141 CNY | CN¥0.01139 CNY | CN¥0.02089 CNY | CN¥0.03137 CNY |
10 SOMM | CN¥0.02283 CNY | CN¥0.02278 CNY | CN¥0.04178 CNY | CN¥0.06274 CNY |
50 SOMM | CN¥0.1141 CNY | CN¥0.1139 CNY | CN¥0.2089 CNY | CN¥0.3137 CNY |
100 SOMM | CN¥0.2283 CNY | CN¥0.2278 CNY | CN¥0.4178 CNY | CN¥0.6274 CNY |
500 SOMM | CN¥1.14 CNY | CN¥1.14 CNY | CN¥2.09 CNY | CN¥3.14 CNY |
1,000 SOMM | CN¥2.28 CNY | CN¥2.28 CNY | CN¥4.18 CNY | CN¥6.27 CNY |
Frequently asked questions
Right now, 1 Sommelier is worth about CN¥0.002283.
Based on the current rate, you could get 438.08 SOMM for 1 CNY.
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 decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to CNY calculator at the top of this page to convert any amount of SOMM to CNY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CNY is equivalent to 2,190.38 SOMM. Inversely, 5 SOMM will cost about CN¥0.01141
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, Web3 Doge, 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.


