Convert Sommelier SOMM to Flare FLR
1 SOMM converts to 0.05588 FLR
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About SOMM and FLR
Sommelier is falling, while Flare is climbing this week. The current SOMM to FLR conversion rate is 0.05588. Inversely, this means that if you convert 1 FLR you will get 17.89 SOMM. The conversion rate of SOMM/FLR has decreased by 0.23% in the last hour (FLR/SOMM increased by 0.23%). In the last 24 hours, SOMM/FLR shrunk by 7.99%, while FLR/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.05588 FLR. In other words, to buy 5 Sommelier, it would cost you 0.27942 FLR. Inversely, 1 FLR would allow you to trade for 17.89 SOMM while 50 FLR would convert to 894.70 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 29.82%. Meanwhile, in the last 24 hours, the rate has changed by 7.94%, and that the highest exchange rate of 1 SOMM to FLR was 0.06032 FLR and the lowest 24 hour value was 1 SOMM for 0.04261 FLR. Last month, 1 SOMM was worth 0.07535 FLR. Today, it's down 34.83%. Looking back a year, Sommelier has changed by 0.06814 FLR. That means that in a single year, the value of Sommelier has shrank by 21.92%.
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.
Flare Market Stats
FLR is the native token of Flare, an EVM-compatible blockchain network. FLR tokens are used to pay for network transaction fees. FLR tokens are also used to secure the network through staking, and allow holders to participate in governance.
Conversion tables
SOMM to FLR values from Today at 9:09 pm
0.5 SOMM = 0.02794 FLR |
1 SOMM = 0.05588 FLR |
5 SOMM = 0.2794 FLR |
10 SOMM = 0.5588 FLR |
50 SOMM = 2.79 FLR |
100 SOMM = 5.59 FLR |
500 SOMM = 27.94 FLR |
1,000 SOMM = 55.88 FLR |
FLR to SOMM values from Today at 9:11 pm
0.5 FLR = 8.95 SOMM |
1 FLR = 17.89 SOMM |
5 FLR = 89.47 SOMM |
10 FLR = 178.94 SOMM |
50 FLR = 894.70 SOMM |
100 FLR = 1,789.40 SOMM |
500 FLR = 8,947.02 SOMM |
1,000 FLR = 17,894.03 SOMM |
SOMM to FLR over time
SOMM | Today | 24H -7.94% | 1M -34.83% | 1Y -21.92% |
|---|---|---|---|---|
0.5 SOMM | 0.02794 FLR | 0.03016 FLR | 0.03768 FLR | 0.03407 FLR |
1 SOMM | 0.05588 FLR | 0.06032 FLR | 0.07535 FLR | 0.06814 FLR |
5 SOMM | 0.2794 FLR | 0.3016 FLR | 0.3768 FLR | 0.3407 FLR |
10 SOMM | 0.5588 FLR | 0.6032 FLR | 0.7535 FLR | 0.6814 FLR |
50 SOMM | 2.79 FLR | 3.02 FLR | 3.77 FLR | 3.41 FLR |
100 SOMM | 5.59 FLR | 6.03 FLR | 7.54 FLR | 6.81 FLR |
500 SOMM | 27.94 FLR | 30.16 FLR | 37.68 FLR | 34.07 FLR |
1,000 SOMM | 55.88 FLR | 60.32 FLR | 75.35 FLR | 68.14 FLR |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003792.
Based on the current rate, you could get 2,637.29 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 decreased. 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 13,186.46 SOMM. Inversely, 5 SOMM will cost about $0.001896
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, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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