Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
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 L3
Sommelier is falling, while Layer3 is climbing this week. The current SOMM to L3 conversion rate is 0.07759. Inversely, this means that if you convert 1 L3 you will get 12.89 SOMM. The conversion rate of SOMM/L3 has decreased by 0.68% in the last hour (L3/SOMM increased by 0.68%). In the last 24 hours, SOMM/L3 shrunk by 12.71%, while L3/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.07759 L3. In other words, to buy 5 Sommelier, it would cost you 0.38796 L3. Inversely, 1 L3 would allow you to trade for 12.89 SOMM while 50 L3 would convert to 644.39 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.05%. Meanwhile, in the last 24 hours, the rate has changed by 12.86%, which means that the highest exchange rate of 1 SOMM to L3 was 0.0885 L3 and the lowest 24 hour value was 1 SOMM for 0.07398 L3. Last month, 1 SOMM was worth 0.04382 L3. Today, it's up 43.52%. Looking back a year, Sommelier has changed by 0.02007 L3. That means that in a single year, the value of Sommelier has grown by 74.13%.
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.
Layer3 Market Stats
Layer3 is a platform that connects users and blockchain ecosystems, offering tools for identity management, incentives, and interoperability across multiple chains. Layer3’s native token, L3, can be used to participate in protocol governance and earn staking rewards.
Conversion tables
SOMM to L3 values from Today at 4:17 pm
0.5 SOMM = 0.0388 L3 |
1 SOMM = 0.07759 L3 |
5 SOMM = 0.388 L3 |
10 SOMM = 0.7759 L3 |
50 SOMM = 3.88 L3 |
100 SOMM = 7.76 L3 |
500 SOMM = 38.80 L3 |
1,000 SOMM = 77.59 L3 |
L3 to SOMM values from Today at 4:20 pm
0.5 L3 = 6.44 SOMM |
1 L3 = 12.89 SOMM |
5 L3 = 64.44 SOMM |
10 L3 = 128.88 SOMM |
50 L3 = 644.39 SOMM |
100 L3 = 1,288.78 SOMM |
500 L3 = 6,443.91 SOMM |
1,000 L3 = 12,887.81 SOMM |
SOMM to L3 over time
SOMM | Today | 24H -12.86% | 1M 43.52% | 1Y 74.13% |
|---|---|---|---|---|
0.5 SOMM | 0.0388 L3 | 0.04378 L3 | 0.02191 L3 | 0.01004 L3 |
1 SOMM | 0.07759 L3 | 0.08757 L3 | 0.04382 L3 | 0.02007 L3 |
5 SOMM | 0.388 L3 | 0.4378 L3 | 0.2191 L3 | 0.1004 L3 |
10 SOMM | 0.7759 L3 | 0.8757 L3 | 0.4382 L3 | 0.2007 L3 |
50 SOMM | 3.88 L3 | 4.38 L3 | 2.19 L3 | 1.00 L3 |
100 SOMM | 7.76 L3 | 8.76 L3 | 4.38 L3 | 2.01 L3 |
500 SOMM | 38.80 L3 | 43.78 L3 | 21.91 L3 | 10.04 L3 |
1,000 SOMM | 77.59 L3 | 87.57 L3 | 43.82 L3 | 20.07 L3 |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0005218.
Based on the current rate, you could get 1,916.40 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 9,582.02 SOMM. Inversely, 5 SOMM will cost about $0.002609
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, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
Buy Sommelier with Coinbase
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.