About SOMM and MKR
Sommelier is climbing, while Maker is falling this week. The current SOMM to MKR conversion rate is 0.0000002289. Inversely, this means that if you convert 1 MKR you will get 4,369,203.65 SOMM. The conversion rate of SOMM/MKR has decreased by 0.02% in the last hour (MKR/SOMM increased by 0.02%). In the last 24 hours, SOMM/MKR grew by 0.18%, while MKR/SOMM shrunk by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0000002289 MKR. In other words, to buy 5 Sommelier, it would cost you 0.0000011444 MKR. Inversely, 1 MKR would allow you to trade for 4,369,203.65 SOMM while 50 MKR would convert to 218,460,182.38 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.03%. Meanwhile, in the last 24 hours, the rate has changed by 1.06%, which means that the highest exchange rate of 1 SOMM to MKR was 0.0000002327 MKR and the lowest 24 hour value was 1 SOMM for 0.0000002246 MKR. Last month, 1 SOMM was worth 0.0000002247 MKR. Today, it's up 1.82%. Looking back a year, Sommelier has changed by 0.0000006919 MKR. That means that in a single year, the value of Sommelier has shrank by 202.32%.
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.
Maker Market Stats
Maker is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to generate another Ethereum token, called Dai, that seeks to trade on exchanges at a value of exactly US$1.00.
Conversion tables
SOMM to MKR values from Today at 12:06 pm
0.5 SOMM = 0.0000001144 MKR |
1 SOMM = 0.0000002289 MKR |
5 SOMM = 0.000001144 MKR |
10 SOMM = 0.000002289 MKR |
50 SOMM = 0.00001144 MKR |
100 SOMM = 0.00002289 MKR |
500 SOMM = 0.0001144 MKR |
1,000 SOMM = 0.0002289 MKR |
MKR to SOMM values from Today at 12:06 pm
0.5 MKR = 2,184,601.82 SOMM |
1 MKR = 4,369,203.65 SOMM |
5 MKR = 21,846,018.24 SOMM |
10 MKR = 43,692,036.48 SOMM |
50 MKR = 218,460,182.38 SOMM |
100 MKR = 436,920,364.75 SOMM |
500 MKR = 2,184,601,823.76 SOMM |
1,000 MKR = 4,369,203,647.51 SOMM |
SOMM to MKR over time
SOMM | Today | 24H -1.06% | 1M 1.82% | 1Y -202.32% |
|---|---|---|---|---|
0.5 SOMM | 0.0000001144 MKR | 0.0000001156 MKR | 0.0000001124 MKR | 0.000000346 MKR |
1 SOMM | 0.0000002289 MKR | 0.0000002313 MKR | 0.0000002247 MKR | 0.0000006919 MKR |
5 SOMM | 0.000001144 MKR | 0.000001156 MKR | 0.000001124 MKR | 0.00000346 MKR |
10 SOMM | 0.000002289 MKR | 0.000002313 MKR | 0.000002247 MKR | 0.000006919 MKR |
50 SOMM | 0.00001144 MKR | 0.00001156 MKR | 0.00001124 MKR | 0.0000346 MKR |
100 SOMM | 0.00002289 MKR | 0.00002313 MKR | 0.00002247 MKR | 0.00006919 MKR |
500 SOMM | 0.0001144 MKR | 0.0001156 MKR | 0.0001124 MKR | 0.000346 MKR |
1,000 SOMM | 0.0002289 MKR | 0.0002313 MKR | 0.0002247 MKR | 0.0006919 MKR |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003752.
Based on the current rate, you could get 2,665.05 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 13,325.27 SOMM. Inversely, 5 SOMM will cost about $0.001876
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, Oath, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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