Convert Sommelier SOMM to Maldivian Rufiyaa MVR
1 SOMM converts to MVR 0.005343 MVR as of July 6 at 10:02 PM
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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.
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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