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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About SOMM and NOM
Sommelier is falling, while Nomina is climbing this week. The current SOMM to NOM conversion rate is 0.1605. Inversely, this means that if you convert 1 NOM you will get 6.23 SOMM. The conversion rate of SOMM/NOM has increased by 4.54% in the last hour (NOM/SOMM decreased by 4.54%). In the last 24 hours, SOMM/NOM shrunk by 5.38%, while NOM/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.1605 NOM. In other words, to buy 5 Sommelier, it would cost you 0.8024 NOM. Inversely, 1 NOM would allow you to trade for 6.23 SOMM while 50 NOM would convert to 311.55 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 39.04%. Meanwhile, in the last 24 hours, the rate has changed by 5.67%, and that the highest exchange rate of 1 SOMM to NOM was 0.2724 NOM and the lowest 24 hour value was 1 SOMM for 0.1494 NOM. Last month, 1 SOMM was worth 0.1215 NOM. Today, it's up 24.31%. Looking back a year, Sommelier has changed by ∞ NOM. That means that in a single year, the value of Sommelier has shrank by ∞%.
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.
Nomina Market Stats
NOM is the token associated with the Nomina platform (formerly known as Omni), which is a unified trading platform for on-chain markets.
Conversion tables
SOMM to NOM values from Today at 3:18 am
0.5 SOMM = 0.08024 NOM |
1 SOMM = 0.1605 NOM |
5 SOMM = 0.8024 NOM |
10 SOMM = 1.60 NOM |
50 SOMM = 8.02 NOM |
100 SOMM = 16.05 NOM |
500 SOMM = 80.24 NOM |
1,000 SOMM = 160.49 NOM |
NOM to SOMM values from Today at 3:21 am
0.5 NOM = 3.12 SOMM |
1 NOM = 6.23 SOMM |
5 NOM = 31.15 SOMM |
10 NOM = 62.31 SOMM |
50 NOM = 311.55 SOMM |
100 NOM = 623.10 SOMM |
500 NOM = 3,115.49 SOMM |
1,000 NOM = 6,230.98 SOMM |
SOMM to NOM over time
SOMM | Today | 24H -5.67% | 1M 24.31% | 1Y 99.18% |
|---|---|---|---|---|
0.5 SOMM | 0.08024 NOM | 0.08479 NOM | 0.06074 NOM | 0.0006609 NOM |
1 SOMM | 0.1605 NOM | 0.1696 NOM | 0.1215 NOM | 0.001322 NOM |
5 SOMM | 0.8024 NOM | 0.8479 NOM | 0.6074 NOM | 0.006609 NOM |
10 SOMM | 1.60 NOM | 1.70 NOM | 1.21 NOM | 0.01322 NOM |
50 SOMM | 8.02 NOM | 8.48 NOM | 6.07 NOM | 0.06609 NOM |
100 SOMM | 16.05 NOM | 16.96 NOM | 12.15 NOM | 0.1322 NOM |
500 SOMM | 80.24 NOM | 84.79 NOM | 60.74 NOM | 0.6609 NOM |
1,000 SOMM | 160.49 NOM | 169.58 NOM | 121.48 NOM | 1.32 NOM |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003089.
Based on the current rate, you could get 3,236.87 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 16,184.35 SOMM. Inversely, 5 SOMM will cost about $0.001545
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 Crown Token, XOXNO, and DeFi Warrior (FIWA). For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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