Convert Sommelier SOMM to Maldivian Rufiyaa MVR

MVR

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is MVR 0.005343 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MVR 1,701,538.44. The amount of Sommelier traded has risen by MVR 9,606.50 in the last 24 hours, which is a 95.82% increase. Additionally, in the last day, MVR 10,025.36 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is MVR 0.005343 MVR. In other words, to buy 5 Sommelier, it would cost you MVR 0.026716 MVR. Inversely, MVR 1.00 MVR would allow you to trade for 187.16 SOMM while MVR 50.00 MVR would convert to 9,357.85 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 37.56%. Meanwhile, in the last 24 hours, the rate has changed by 30.41%, and that the highest exchange rate of 1 SOMM to MVR was MVR 0.007923 MVR and the lowest 24 hour value was 1 SOMM for MVR 0.004539 MVR. Last month, 1 SOMM was worth MVR 0.006133 MVR. Today, it's down 25.98%. Looking back a year, Sommelier has changed by MVR 0.01737 MVR. That means that in a single year, the value of Sommelier has shrank by 73.95%.

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.

MVR 0.005343Price
MVR 1.7MMarket cap
MVR 10.03KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to MVR values from Today at 10:02 pm

0.5 SOMM = MVR 0.002672 MVR
1 SOMM = MVR 0.005343 MVR
5 SOMM = MVR 0.02672 MVR
10 SOMM = MVR 0.05343 MVR
50 SOMM = MVR 0.2672 MVR
100 SOMM = MVR 0.5343 MVR
500 SOMM = MVR 2.67 MVR
1,000 SOMM = MVR 5.34 MVR

MVR to SOMM values from Today at

MVR 0.50 MVR = 93.58 SOMM
MVR 1.00 MVR = 187.16 SOMM
MVR 5.00 MVR = 935.78 SOMM
MVR 10.00 MVR = 1,871.57 SOMM
MVR 50.00 MVR = 9,357.85 SOMM
MVR 100.00 MVR = 18,715.70 SOMM
MVR 500.00 MVR = 93,578.50 SOMM
MVR 1,000.00 MVR = 187,157.00 SOMM

SOMM to MVR over time

SOMM
Today
24H
-24.27%
1M
-14.78%
1Y
-225.09%
0.5 SOMM
MVR 0.002672 MVR
MVR 0.00332 MVR
MVR 0.003066 MVR
MVR 0.008685 MVR
1 SOMM
MVR 0.005343 MVR
MVR 0.00664 MVR
MVR 0.006133 MVR
MVR 0.01737 MVR
5 SOMM
MVR 0.02672 MVR
MVR 0.0332 MVR
MVR 0.03066 MVR
MVR 0.08685 MVR
10 SOMM
MVR 0.05343 MVR
MVR 0.0664 MVR
MVR 0.06133 MVR
MVR 0.1737 MVR
50 SOMM
MVR 0.2672 MVR
MVR 0.332 MVR
MVR 0.3066 MVR
MVR 0.8685 MVR
100 SOMM
MVR 0.5343 MVR
MVR 0.664 MVR
MVR 0.6133 MVR
MVR 1.74 MVR
500 SOMM
MVR 2.67 MVR
MVR 3.32 MVR
MVR 3.07 MVR
MVR 8.68 MVR
1,000 SOMM
MVR 5.34 MVR
MVR 6.64 MVR
MVR 6.13 MVR
MVR 17.37 MVR

Frequently asked questions

Right now, 1 Sommelier is worth about MVR 0.005343.

Based on the current rate, you could get 187.16 SOMM for 1 MVR.

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 MVR calculator at the top of this page to convert any amount of SOMM to MVR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MVR is equivalent to 935.78 SOMM. Inversely, 5 SOMM will cost about MVR 0.02672

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.

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