Convert Sommelier SOMM to Moldovan Leu MDL

SOMM to MDL: 1 Sommelier converts to MDL 0.005813 MDL as of July 31 at 1:46 PM

MDL
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About Sommelier

Sommelier is climbing this week. The current price of Sommelier is MDL 0.005813 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MDL 2,178,859.30. The amount of Sommelier traded has fallen by -MDL 26.16 in the last 24 hours, which is a 60.90% decrease. Additionally, in the last day, MDL 42.96 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is MDL 0.005813 MDL. In other words, to buy 5 Sommelier, it would cost you MDL 0.029067 MDL. Inversely, MDL 1.00 MDL would allow you to trade for 172.02 SOMM while MDL 50.00 MDL would convert to 8,600.76 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 10.53%. Meanwhile, in the last 24 hours, the rate has changed by 14.4%, which means that the highest exchange rate of 1 SOMM to MDL was MDL 0.006196 MDL and the lowest 24 hour value was 1 SOMM for MDL 0.00507 MDL. Last month, 1 SOMM was worth MDL 0.008082 MDL. Today, it's down 27.58%. Looking back a year, Sommelier has changed by MDL 0.01753 MDL. That means that in a single year, the value of Sommelier has shrank by 67.38%.

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.

MDL 0.005813Price
MDL 2.18MMarket cap
MDL 42.96Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to MDL values from Today at 1:46 pm

0.5 SOMM = MDL 0.002907 MDL
1 SOMM = MDL 0.005813 MDL
5 SOMM = MDL 0.02907 MDL
10 SOMM = MDL 0.05813 MDL
50 SOMM = MDL 0.2907 MDL
100 SOMM = MDL 0.5813 MDL
500 SOMM = MDL 2.91 MDL
1,000 SOMM = MDL 5.81 MDL

MDL to SOMM values from Today at

MDL 0.50 MDL = 86.01 SOMM
MDL 1.00 MDL = 172.02 SOMM
MDL 5.00 MDL = 860.08 SOMM
MDL 10.00 MDL = 1,720.15 SOMM
MDL 50.00 MDL = 8,600.76 SOMM
MDL 100.00 MDL = 17,201.51 SOMM
MDL 500.00 MDL = 86,007.56 SOMM
MDL 1,000.00 MDL = 172,015.12 SOMM

SOMM to MDL over time

SOMM
Today
24H
12.55%
1M
-39.02%
1Y
-201.60%
0.5 SOMM
MDL 0.002907 MDL
MDL 0.002542 MDL
MDL 0.004041 MDL
MDL 0.008767 MDL
1 SOMM
MDL 0.005813 MDL
MDL 0.005084 MDL
MDL 0.008082 MDL
MDL 0.01753 MDL
5 SOMM
MDL 0.02907 MDL
MDL 0.02542 MDL
MDL 0.04041 MDL
MDL 0.08767 MDL
10 SOMM
MDL 0.05813 MDL
MDL 0.05084 MDL
MDL 0.08082 MDL
MDL 0.1753 MDL
50 SOMM
MDL 0.2907 MDL
MDL 0.2542 MDL
MDL 0.4041 MDL
MDL 0.8767 MDL
100 SOMM
MDL 0.5813 MDL
MDL 0.5084 MDL
MDL 0.8082 MDL
MDL 1.75 MDL
500 SOMM
MDL 2.91 MDL
MDL 2.54 MDL
MDL 4.04 MDL
MDL 8.77 MDL
1,000 SOMM
MDL 5.81 MDL
MDL 5.08 MDL
MDL 8.08 MDL
MDL 17.53 MDL

Frequently asked questions

Right now, 1 Sommelier is worth about MDL 0.005813.

Based on the current rate, you could get 172.02 SOMM for 1 MDL.

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 decreased. Since this time last year, the price of Sommelier has decreased.

You can use our SOMM to MDL calculator at the top of this page to convert any amount of SOMM to MDL. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MDL is equivalent to 860.08 SOMM. Inversely, 5 SOMM will cost about MDL 0.02907

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, Lets Go Brandon, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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