Convert Sommelier SOMM to IDEX IDEX
1 SOMM converts to 0.3169 IDEX
Earn up to $2,000 when you buy $50 in crypto¹
Restrictions apply, see full terms.
Restrictions apply, see full terms.
About SOMM and IDEX
Sommelier is climbing, while IDEX is falling this week. The current SOMM to IDEX conversion rate is 0.3169. Inversely, this means that if you convert 1 IDEX you will get 3.16 SOMM. The conversion rate of SOMM/IDEX has increased by 2.7% in the last hour (IDEX/SOMM decreased by 2.7%). In the last 24 hours, SOMM/IDEX grew by 11.23%, while IDEX/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.3169 IDEX. In other words, to buy 5 Sommelier, it would cost you 1.5846 IDEX. Inversely, 1 IDEX would allow you to trade for 3.16 SOMM while 50 IDEX would convert to 157.77 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 31.25%. Meanwhile, in the last 24 hours, the rate has changed by 10.16%, which means that the highest exchange rate of 1 SOMM to IDEX was 0.3888 IDEX and the lowest 24 hour value was 1 SOMM for 0.2401 IDEX. Last month, 1 SOMM was worth 0.2795 IDEX. Today, it's up 11.81%. Looking back a year, Sommelier has changed by 0.04824 IDEX. That means that in a single year, the value of Sommelier has grown by 84.78%.
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.
IDEX Market Stats
IDEX is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
Conversion tables
SOMM to IDEX values from Today at 4:41 am
0.5 SOMM = 0.1585 IDEX |
1 SOMM = 0.3169 IDEX |
5 SOMM = 1.58 IDEX |
10 SOMM = 3.17 IDEX |
50 SOMM = 15.85 IDEX |
100 SOMM = 31.69 IDEX |
500 SOMM = 158.46 IDEX |
1,000 SOMM = 316.92 IDEX |
IDEX to SOMM values from Today at 4:43 am
0.5 IDEX = 1.58 SOMM |
1 IDEX = 3.16 SOMM |
5 IDEX = 15.78 SOMM |
10 IDEX = 31.55 SOMM |
50 IDEX = 157.77 SOMM |
100 IDEX = 315.54 SOMM |
500 IDEX = 1,577.70 SOMM |
1,000 IDEX = 3,155.39 SOMM |
SOMM to IDEX over time
SOMM | Today | 24H 10.16% | 1M 11.81% | 1Y 84.78% |
|---|---|---|---|---|
0.5 SOMM | 0.1585 IDEX | 0.1424 IDEX | 0.1397 IDEX | 0.02412 IDEX |
1 SOMM | 0.3169 IDEX | 0.2847 IDEX | 0.2795 IDEX | 0.04824 IDEX |
5 SOMM | 1.58 IDEX | 1.42 IDEX | 1.40 IDEX | 0.2412 IDEX |
10 SOMM | 3.17 IDEX | 2.85 IDEX | 2.79 IDEX | 0.4824 IDEX |
50 SOMM | 15.85 IDEX | 14.24 IDEX | 13.97 IDEX | 2.41 IDEX |
100 SOMM | 31.69 IDEX | 28.47 IDEX | 27.95 IDEX | 4.82 IDEX |
500 SOMM | 158.46 IDEX | 142.36 IDEX | 139.74 IDEX | 24.12 IDEX |
1,000 SOMM | 316.92 IDEX | 284.71 IDEX | 279.48 IDEX | 48.24 IDEX |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004421.
Based on the current rate, you could get 2,261.93 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 11,309.64 SOMM. Inversely, 5 SOMM will cost about $0.002211
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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