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About SOMM and HFT
Sommelier is climbing, while Hashflow is falling this week. The current SOMM to HFT conversion rate is 0.05626. Inversely, this means that if you convert 1 HFT you will get 17.77 SOMM. The conversion rate of SOMM/HFT has decreased by 1.28% in the last hour (HFT/SOMM increased by 1.28%). In the last 24 hours, SOMM/HFT grew by 5.52%, while HFT/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.05626 HFT. In other words, to buy 5 Sommelier, it would cost you 0.28131 HFT. Inversely, 1 HFT would allow you to trade for 17.77 SOMM while 50 HFT would convert to 888.71 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.13%. Meanwhile, in the last 24 hours, the rate has changed by 5.76%, which means that the highest exchange rate of 1 SOMM to HFT was 0.05809 HFT and the lowest 24 hour value was 1 SOMM for 0.05017 HFT. Last month, 1 SOMM was worth 0.03833 HFT. Today, it's up 31.88%. Looking back a year, Sommelier has changed by 0.01418 HFT. That means that in a single year, the value of Sommelier has grown by 74.79%.
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.
Hashflow Market Stats
HFT is the ERC-20 governance token of the Hashflow protocol, which features a decentralized exchange that supports MEV-protected, bridgeless cross-chain token swaps with zero slippage. The protocol also includes a unique, gamified governance platform known as 'The Hashverse'.
Conversion tables
SOMM to HFT values from Today at 11:16 pm
0.5 SOMM = 0.02813 HFT |
1 SOMM = 0.05626 HFT |
5 SOMM = 0.2813 HFT |
10 SOMM = 0.5626 HFT |
50 SOMM = 2.81 HFT |
100 SOMM = 5.63 HFT |
500 SOMM = 28.13 HFT |
1,000 SOMM = 56.26 HFT |
HFT to SOMM values from Today at 11:17 pm
0.5 HFT = 8.89 SOMM |
1 HFT = 17.77 SOMM |
5 HFT = 88.87 SOMM |
10 HFT = 177.74 SOMM |
50 HFT = 888.71 SOMM |
100 HFT = 1,777.42 SOMM |
500 HFT = 8,887.08 SOMM |
1,000 HFT = 17,774.16 SOMM |
SOMM to HFT over time
SOMM | Today | 24H 5.76% | 1M 31.88% | 1Y 74.79% |
|---|---|---|---|---|
0.5 SOMM | 0.02813 HFT | 0.02651 HFT | 0.01916 HFT | 0.007091 HFT |
1 SOMM | 0.05626 HFT | 0.05302 HFT | 0.03833 HFT | 0.01418 HFT |
5 SOMM | 0.2813 HFT | 0.2651 HFT | 0.1916 HFT | 0.07091 HFT |
10 SOMM | 0.5626 HFT | 0.5302 HFT | 0.3833 HFT | 0.1418 HFT |
50 SOMM | 2.81 HFT | 2.65 HFT | 1.92 HFT | 0.7091 HFT |
100 SOMM | 5.63 HFT | 5.30 HFT | 3.83 HFT | 1.42 HFT |
500 SOMM | 28.13 HFT | 26.51 HFT | 19.16 HFT | 7.09 HFT |
1,000 SOMM | 56.26 HFT | 53.02 HFT | 38.33 HFT | 14.18 HFT |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003708.
Based on the current rate, you could get 2,697.14 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 13,485.71 SOMM. Inversely, 5 SOMM will cost about $0.001854
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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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.