Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
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 ELA
Sommelier is falling, while Elastos is climbing this week. The current SOMM to ELA conversion rate is 0.001202. Inversely, this means that if you convert 1 ELA you will get 832.09 SOMM. The conversion rate of SOMM/ELA has decreased by 0.81% in the last hour (ELA/SOMM increased by 0.81%). In the last 24 hours, SOMM/ELA shrunk by 11.36%, while ELA/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.001202 ELA. In other words, to buy 5 Sommelier, it would cost you 0.006009 ELA. Inversely, 1 ELA would allow you to trade for 832.09 SOMM while 50 ELA would convert to 41,604.46 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.28%. Meanwhile, in the last 24 hours, the rate has changed by 10.7%, which means that the highest exchange rate of 1 SOMM to ELA was 0.001344 ELA and the lowest 24 hour value was 1 SOMM for 0.001153 ELA. Last month, 1 SOMM was worth 0.001111 ELA. Today, it's up 7.54%. Looking back a year, Sommelier has changed by 0.0008311 ELA. That means that in a single year, the value of Sommelier has grown by 30.84%.
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.
Elastos Market Stats
Elastos is a decentralized platform that uses a mainchain merged-mined with Bitcoin for security, along with multiple sidechains to run various functions and applications. ELA is the platform’s native token. It is used for governance, staking, transaction fees on both the mainchain and EVM-compatible sidechains, and other on-chain activities.
Conversion tables
SOMM to ELA values from Today at 4:15 pm
0.5 SOMM = 0.0006009 ELA |
1 SOMM = 0.001202 ELA |
5 SOMM = 0.006009 ELA |
10 SOMM = 0.01202 ELA |
50 SOMM = 0.06009 ELA |
100 SOMM = 0.1202 ELA |
500 SOMM = 0.6009 ELA |
1,000 SOMM = 1.20 ELA |
ELA to SOMM values from Today at 4:15 pm
0.5 ELA = 416.04 SOMM |
1 ELA = 832.09 SOMM |
5 ELA = 4,160.45 SOMM |
10 ELA = 8,320.89 SOMM |
50 ELA = 41,604.46 SOMM |
100 ELA = 83,208.92 SOMM |
500 ELA = 416,044.60 SOMM |
1,000 ELA = 832,089.20 SOMM |
SOMM to ELA over time
SOMM | Today | 24H -10.70% | 1M 7.54% | 1Y 30.84% |
|---|---|---|---|---|
0.5 SOMM | 0.0006009 ELA | 0.0006652 ELA | 0.0005556 ELA | 0.0004156 ELA |
1 SOMM | 0.001202 ELA | 0.00133 ELA | 0.001111 ELA | 0.0008311 ELA |
5 SOMM | 0.006009 ELA | 0.006652 ELA | 0.005556 ELA | 0.004156 ELA |
10 SOMM | 0.01202 ELA | 0.0133 ELA | 0.01111 ELA | 0.008311 ELA |
50 SOMM | 0.06009 ELA | 0.06652 ELA | 0.05556 ELA | 0.04156 ELA |
100 SOMM | 0.1202 ELA | 0.133 ELA | 0.1111 ELA | 0.08311 ELA |
500 SOMM | 0.6009 ELA | 0.6652 ELA | 0.5556 ELA | 0.4156 ELA |
1,000 SOMM | 1.20 ELA | 1.33 ELA | 1.11 ELA | 0.8311 ELA |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003775.
Based on the current rate, you could get 2,649.30 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 13,246.50 SOMM. Inversely, 5 SOMM will cost about $0.001887
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.
Buy Sommelier with Coinbase
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Related conversions
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.