Convert Sommelier SOMM to edgeX EDGEX

SOMM to EDGEX: 1 Sommelier converts to 0.001675 EDGEX

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About SOMM and EDGEX

Sommelier is falling, while edgeX is climbing this week. The current SOMM to EDGEX conversion rate is 0.001675. Inversely, this means that if you convert 1 EDGEX you will get 596.94 SOMM. The conversion rate of SOMM/EDGEX has decreased by 4.18% in the last hour (EDGEX/SOMM increased by 4.18%). In the last 24 hours, SOMM/EDGEX shrunk by 10.08%, while EDGEX/SOMM grew by the same amount.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.001675 EDGEX. In other words, to buy 5 Sommelier, it would cost you 0.008376 EDGEX. Inversely, 1 EDGEX would allow you to trade for 596.94 SOMM while 50 EDGEX would convert to 29,846.84 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 34.03%. Meanwhile, in the last 24 hours, the rate has changed by 9.2%, which means that the highest exchange rate of 1 SOMM to EDGEX was 0.001914 EDGEX and the lowest 24 hour value was 1 SOMM for 0.001655 EDGEX. Last month, 1 SOMM was worth 0.0004998 EDGEX. Today, it's up 70.16%. Looking back a year, Sommelier has changed by ∞ EDGEX. That means that in a single year, the value of Sommelier has shrank by ∞%.

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.

$0.0006376Price
$237.95KMarket cap
$7.09Volume (24h)
374.8M SOMMCir. Supply

edgeX Market Stats

EdgeX is a decentralized perpetual futures exchange that combines the speed and performance of centralized exchanges with the transparency and self-custody of DeFi. The platform features an off-chain order matching engine with on-chain settlement, enabling high-speed, low-latency trading across a wide range of crypto assets.  Due to a ticker collision, Coinbase will use the ticker "EDGEX" for this asset instead of its on-chain or MiCA whitepaper designation "EDGE". This adjustment ensures compatibility with existing assets on our platform and avoids potential conflicts. The change does not affect the underlying asset's functionality or value.

$0.3806Price
$134.36MMarket cap
$12.67MVolume (24h)
350M EDGEXCir. Supply

Conversion tables

SOMM to EDGEX values from Today at 3:25 am

0.5 SOMM = 0.0008376 EDGEX
1 SOMM = 0.001675 EDGEX
5 SOMM = 0.008376 EDGEX
10 SOMM = 0.01675 EDGEX
50 SOMM = 0.08376 EDGEX
100 SOMM = 0.1675 EDGEX
500 SOMM = 0.8376 EDGEX
1,000 SOMM = 1.68 EDGEX

EDGEX to SOMM values from Today at 3:27 am

0.5 EDGEX = 298.47 SOMM
1 EDGEX = 596.94 SOMM
5 EDGEX = 2,984.68 SOMM
10 EDGEX = 5,969.37 SOMM
50 EDGEX = 29,846.84 SOMM
100 EDGEX = 59,693.68 SOMM
500 EDGEX = 298,468.39 SOMM
1,000 EDGEX = 596,936.77 SOMM

SOMM to EDGEX over time

SOMM
Today
24H
-9.20%
1M
70.16%
1Y
24.10%
0.5 SOMM
0.0008376 EDGEX
0.0009147 EDGEX
0.0002499 EDGEX
0.0006357 EDGEX
1 SOMM
0.001675 EDGEX
0.001829 EDGEX
0.0004998 EDGEX
0.001271 EDGEX
5 SOMM
0.008376 EDGEX
0.009147 EDGEX
0.002499 EDGEX
0.006357 EDGEX
10 SOMM
0.01675 EDGEX
0.01829 EDGEX
0.004998 EDGEX
0.01271 EDGEX
50 SOMM
0.08376 EDGEX
0.09147 EDGEX
0.02499 EDGEX
0.06357 EDGEX
100 SOMM
0.1675 EDGEX
0.1829 EDGEX
0.04998 EDGEX
0.1271 EDGEX
500 SOMM
0.8376 EDGEX
0.9147 EDGEX
0.2499 EDGEX
0.6357 EDGEX
1,000 SOMM
1.68 EDGEX
1.83 EDGEX
0.4998 EDGEX
1.27 EDGEX

Frequently asked questions

Right now, 1 Sommelier is worth about $0.0006376.

Based on the current rate, you could get 1,568.41 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 7,842.05 SOMM. Inversely, 5 SOMM will cost about $0.003188

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 Chikn Fert, Titi Financial, and MetaSwap. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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