Convert Sommelier SOMM to Moldovan Leu MDL
SOMM to MDL: 1 Sommelier converts to MDL 0.009639 MDL as of September 24 at 10:46 AM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is MDL 0.009639 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MDL 3,612,621.53. The amount of Sommelier traded has risen by MDL 43,473.66 in the last 24 hours, which is a 1,752.32% increase. Additionally, in the last day, MDL 2,480.91 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is MDL 0.009639 MDL. In other words, to buy 5 Sommelier, it would cost you MDL 0.048194 MDL. Inversely, MDL 1.00 MDL would allow you to trade for 103.75 SOMM while MDL 50.00 MDL would convert to 5,187.32 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 40.7%. Meanwhile, in the last 24 hours, the rate has changed by 10.62%, which means that the highest exchange rate of 1 SOMM to MDL was MDL 0.009673 MDL and the lowest 24 hour value was 1 SOMM for MDL 0.007876 MDL. Last month, 1 SOMM was worth MDL 0.005942 MDL. Today, it's up 56.56%. Looking back a year, Sommelier has changed by MDL 0.0516 MDL. That means that in a single year, the value of Sommelier has shrank by 82.7%.
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.
Conversion tables
SOMM to MDL values from Today at 10:46 am
0.5 SOMM = MDL 0.004819 MDL |
1 SOMM = MDL 0.009639 MDL |
5 SOMM = MDL 0.04819 MDL |
10 SOMM = MDL 0.09639 MDL |
50 SOMM = MDL 0.4819 MDL |
100 SOMM = MDL 0.9639 MDL |
500 SOMM = MDL 4.82 MDL |
1,000 SOMM = MDL 9.64 MDL |
MDL to SOMM values from Today at
MDL 0.50 MDL = 51.87 SOMM |
MDL 1.00 MDL = 103.75 SOMM |
MDL 5.00 MDL = 518.73 SOMM |
MDL 10.00 MDL = 1,037.46 SOMM |
MDL 50.00 MDL = 5,187.32 SOMM |
MDL 100.00 MDL = 10,374.65 SOMM |
MDL 500.00 MDL = 51,873.24 SOMM |
MDL 1,000.00 MDL = 103,746.47 SOMM |
SOMM to MDL over time
SOMM | Today | 24H 10.63% | 1M 38.35% | 1Y -435.34% |
|---|---|---|---|---|
0.5 SOMM | MDL 0.004819 MDL | MDL 0.004307 MDL | MDL 0.002971 MDL | MDL 0.0258 MDL |
1 SOMM | MDL 0.009639 MDL | MDL 0.008614 MDL | MDL 0.005942 MDL | MDL 0.0516 MDL |
5 SOMM | MDL 0.04819 MDL | MDL 0.04307 MDL | MDL 0.02971 MDL | MDL 0.258 MDL |
10 SOMM | MDL 0.09639 MDL | MDL 0.08614 MDL | MDL 0.05942 MDL | MDL 0.516 MDL |
50 SOMM | MDL 0.4819 MDL | MDL 0.4307 MDL | MDL 0.2971 MDL | MDL 2.58 MDL |
100 SOMM | MDL 0.9639 MDL | MDL 0.8614 MDL | MDL 0.5942 MDL | MDL 5.16 MDL |
500 SOMM | MDL 4.82 MDL | MDL 4.31 MDL | MDL 2.97 MDL | MDL 25.80 MDL |
1,000 SOMM | MDL 9.64 MDL | MDL 8.61 MDL | MDL 5.94 MDL | MDL 51.60 MDL |
Frequently asked questions
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