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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 GMT
Sommelier is climbing, while STEPN is falling this week. The current SOMM to GMT conversion rate is 0.05247. Inversely, this means that if you convert 1 GMT you will get 19.06 SOMM. The conversion rate of SOMM/GMT has decreased by 0.15% in the last hour (GMT/SOMM increased by 0.15%). In the last 24 hours, SOMM/GMT grew by 0.26%, while GMT/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.05247 GMT. In other words, to buy 5 Sommelier, it would cost you 0.26234 GMT. Inversely, 1 GMT would allow you to trade for 19.06 SOMM while 50 GMT would convert to 952.98 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.2%. Meanwhile, in the last 24 hours, the rate has changed by 0.24%, which means that the highest exchange rate of 1 SOMM to GMT was 0.0537 GMT and the lowest 24 hour value was 1 SOMM for 0.05188 GMT. Last month, 1 SOMM was worth 0.04733 GMT. Today, it's up 9.78%. Looking back a year, Sommelier has changed by 0.02846 GMT. That means that in a single year, the value of Sommelier has grown by 45.75%.
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.
STEPN Market Stats
GMT is a Solana token that governs STEPN, a lifestyle app that encourages users to “move-to-earn.” STEPN users with NFT sneakers can earn GMT by walking or running outdoors. GMT can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
Conversion tables
SOMM to GMT values from Today at 1:53 pm
0.5 SOMM = 0.02623 GMT |
1 SOMM = 0.05247 GMT |
5 SOMM = 0.2623 GMT |
10 SOMM = 0.5247 GMT |
50 SOMM = 2.62 GMT |
100 SOMM = 5.25 GMT |
500 SOMM = 26.23 GMT |
1,000 SOMM = 52.47 GMT |
GMT to SOMM values from Today at 1:55 pm
0.5 GMT = 9.53 SOMM |
1 GMT = 19.06 SOMM |
5 GMT = 95.30 SOMM |
10 GMT = 190.60 SOMM |
50 GMT = 952.98 SOMM |
100 GMT = 1,905.96 SOMM |
500 GMT = 9,529.78 SOMM |
1,000 GMT = 19,059.57 SOMM |
SOMM to GMT over time
SOMM | Today | 24H 0.24% | 1M 9.78% | 1Y 45.75% |
|---|---|---|---|---|
0.5 SOMM | 0.02623 GMT | 0.02617 GMT | 0.02367 GMT | 0.01423 GMT |
1 SOMM | 0.05247 GMT | 0.05234 GMT | 0.04733 GMT | 0.02846 GMT |
5 SOMM | 0.2623 GMT | 0.2617 GMT | 0.2367 GMT | 0.1423 GMT |
10 SOMM | 0.5247 GMT | 0.5234 GMT | 0.4733 GMT | 0.2846 GMT |
50 SOMM | 2.62 GMT | 2.62 GMT | 2.37 GMT | 1.42 GMT |
100 SOMM | 5.25 GMT | 5.23 GMT | 4.73 GMT | 2.85 GMT |
500 SOMM | 26.23 GMT | 26.17 GMT | 23.67 GMT | 14.23 GMT |
1,000 SOMM | 52.47 GMT | 52.34 GMT | 47.33 GMT | 28.46 GMT |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003646.
Based on the current rate, you could get 2,742.38 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 13,711.92 SOMM. Inversely, 5 SOMM will cost about $0.001823
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.
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