About SOMM and GHO
Sommelier is falling, while GHO is climbing this week. The current SOMM to GHO conversion rate is 0.0004742. Inversely, this means that if you convert 1 GHO you will get 2,108.98 SOMM. The conversion rate of SOMM/GHO has decreased by 0.08% in the last hour (GHO/SOMM increased by 0.08%). In the last 24 hours, SOMM/GHO shrunk by 0.51%, while GHO/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0004742 GHO. In other words, to buy 5 Sommelier, it would cost you 0.0023708 GHO. Inversely, 1 GHO would allow you to trade for 2,108.98 SOMM while 50 GHO would convert to 105,448.86 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.73%. Meanwhile, in the last 24 hours, the rate has changed by 0.49%, and that the highest exchange rate of 1 SOMM to GHO was 0.0004773 GHO and the lowest 24 hour value was 1 SOMM for 0.0004673 GHO. Last month, 1 SOMM was worth 0.000438 GHO. Today, it's up 7.64%. Looking back a year, Sommelier has changed by 0.001034 GHO. That means that in a single year, the value of Sommelier has shrank by 118%.
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.
GHO Market Stats
GHO (GHO) is a cryptocurrency launched in 2023and operates on the Ethereum platform. GHO has a current supply of 584,000,000. The last known price of GHO is 0.99913358 USD and is up 0.01 over the last 24 hours. It is currently trading on 100 active market(s) with $543,391.92 traded over the last 24 hours.
Conversion tables
SOMM to GHO values from Today at 10:18 am
0.5 SOMM = 0.0002371 GHO |
1 SOMM = 0.0004742 GHO |
5 SOMM = 0.002371 GHO |
10 SOMM = 0.004742 GHO |
50 SOMM = 0.02371 GHO |
100 SOMM = 0.04742 GHO |
500 SOMM = 0.2371 GHO |
1,000 SOMM = 0.4742 GHO |
GHO to SOMM values from Today at 10:18 am
0.5 GHO = 1,054.49 SOMM |
1 GHO = 2,108.98 SOMM |
5 GHO = 10,544.89 SOMM |
10 GHO = 21,089.77 SOMM |
50 GHO = 105,448.86 SOMM |
100 GHO = 210,897.71 SOMM |
500 GHO = 1,054,488.56 SOMM |
1,000 GHO = 2,108,977.13 SOMM |
SOMM to GHO over time
SOMM | Today | 24H -0.49% | 1M 7.64% | 1Y -118.00% |
|---|---|---|---|---|
0.5 SOMM | 0.0002371 GHO | 0.0002383 GHO | 0.000219 GHO | 0.0005168 GHO |
1 SOMM | 0.0004742 GHO | 0.0004765 GHO | 0.000438 GHO | 0.001034 GHO |
5 SOMM | 0.002371 GHO | 0.002383 GHO | 0.00219 GHO | 0.005168 GHO |
10 SOMM | 0.004742 GHO | 0.004765 GHO | 0.00438 GHO | 0.01034 GHO |
50 SOMM | 0.02371 GHO | 0.02383 GHO | 0.0219 GHO | 0.05168 GHO |
100 SOMM | 0.04742 GHO | 0.04765 GHO | 0.0438 GHO | 0.1034 GHO |
500 SOMM | 0.2371 GHO | 0.2383 GHO | 0.219 GHO | 0.5168 GHO |
1,000 SOMM | 0.4742 GHO | 0.4765 GHO | 0.438 GHO | 1.03 GHO |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004732.
Based on the current rate, you could get 2,113.17 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 10,565.87 SOMM. Inversely, 5 SOMM will cost about $0.002366
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, Web3 Doge, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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