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About SOMM and NOM
Sommelier is climbing, while Nomina is falling this week. The current SOMM to NOM conversion rate is 0.2281. Inversely, this means that if you convert 1 NOM you will get 4.38 SOMM. The conversion rate of SOMM/NOM has decreased by 0.36% in the last hour (NOM/SOMM increased by 0.36%). In the last 24 hours, SOMM/NOM grew by 7.14%, while NOM/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.2281 NOM. In other words, to buy 5 Sommelier, it would cost you 1.1404 NOM. Inversely, 1 NOM would allow you to trade for 4.38 SOMM while 50 NOM would convert to 219.23 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.12%. Meanwhile, in the last 24 hours, the rate has changed by 6.36%, which means that the highest exchange rate of 1 SOMM to NOM was 0.2307 NOM and the lowest 24 hour value was 1 SOMM for 0.2096 NOM. Last month, 1 SOMM was worth 0.2499 NOM. Today, it's down 9.57%. 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 8:25 pm
0.5 SOMM = 0.114 NOM |
1 SOMM = 0.2281 NOM |
5 SOMM = 1.14 NOM |
10 SOMM = 2.28 NOM |
50 SOMM = 11.40 NOM |
100 SOMM = 22.81 NOM |
500 SOMM = 114.04 NOM |
1,000 SOMM = 228.08 NOM |
NOM to SOMM values from Today at 8:24 pm
0.5 NOM = 2.19 SOMM |
1 NOM = 4.38 SOMM |
5 NOM = 21.92 SOMM |
10 NOM = 43.85 SOMM |
50 NOM = 219.23 SOMM |
100 NOM = 438.45 SOMM |
500 NOM = 2,192.25 SOMM |
1,000 NOM = 4,384.50 SOMM |
SOMM to NOM over time
SOMM | Today | 24H 6.36% | 1M -9.57% | 1Y 98.78% |
|---|---|---|---|---|
0.5 SOMM | 0.114 NOM | 0.1068 NOM | 0.1249 NOM | 0.001393 NOM |
1 SOMM | 0.2281 NOM | 0.2136 NOM | 0.2499 NOM | 0.002786 NOM |
5 SOMM | 1.14 NOM | 1.07 NOM | 1.25 NOM | 0.01393 NOM |
10 SOMM | 2.28 NOM | 2.14 NOM | 2.50 NOM | 0.02786 NOM |
50 SOMM | 11.40 NOM | 10.68 NOM | 12.49 NOM | 0.1393 NOM |
100 SOMM | 22.81 NOM | 21.36 NOM | 24.99 NOM | 0.2786 NOM |
500 SOMM | 114.04 NOM | 106.79 NOM | 124.95 NOM | 1.39 NOM |
1,000 SOMM | 228.08 NOM | 213.58 NOM | 249.89 NOM | 2.79 NOM |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003853.
Based on the current rate, you could get 2,595.15 SOMM for 1 USD.
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 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 12,975.74 SOMM. Inversely, 5 SOMM will cost about $0.001927
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 earl, Molecule, and EverETH Reflect. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.