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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 ONDO
Sommelier is falling, while Ondo is climbing this week. The current SOMM to ONDO conversion rate is 0.001568. Inversely, this means that if you convert 1 ONDO you will get 637.83 SOMM. The conversion rate of SOMM/ONDO has increased by 0.12% in the last hour (ONDO/SOMM decreased by 0.12%). In the last 24 hours, SOMM/ONDO shrunk by 2.67%, while ONDO/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.001568 ONDO. In other words, to buy 5 Sommelier, it would cost you 0.007839 ONDO. Inversely, 1 ONDO would allow you to trade for 637.83 SOMM while 50 ONDO would convert to 31,891.51 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.47%. Meanwhile, in the last 24 hours, the rate has changed by 2.44%, which means that the highest exchange rate of 1 SOMM to ONDO was 0.001618 ONDO and the lowest 24 hour value was 1 SOMM for 0.001549 ONDO. Last month, 1 SOMM was worth 0.001071 ONDO. Today, it's up 31.66%. Looking back a year, Sommelier has changed by 0.001889 ONDO. That means that in a single year, the value of Sommelier has shrank by 20.49%.
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.
Ondo Market Stats
Ondo Finance was created to bring institutional-grade financial products onchain, including tokens backed by U.S. Treasuries. Flux Finance is a decentralized lending platform that supports Ondo Finance’s tokenized U.S. Treasuries. ONDO is used to govern the Ondo DAO and the Flux Finance protocol.
Conversion tables
SOMM to ONDO values from Today at 5:20 pm
0.5 SOMM = 0.0007839 ONDO |
1 SOMM = 0.001568 ONDO |
5 SOMM = 0.007839 ONDO |
10 SOMM = 0.01568 ONDO |
50 SOMM = 0.07839 ONDO |
100 SOMM = 0.1568 ONDO |
500 SOMM = 0.7839 ONDO |
1,000 SOMM = 1.57 ONDO |
ONDO to SOMM values from Today at 5:22 pm
0.5 ONDO = 318.92 SOMM |
1 ONDO = 637.83 SOMM |
5 ONDO = 3,189.15 SOMM |
10 ONDO = 6,378.30 SOMM |
50 ONDO = 31,891.51 SOMM |
100 ONDO = 63,783.02 SOMM |
500 ONDO = 318,915.10 SOMM |
1,000 ONDO = 637,830.21 SOMM |
SOMM to ONDO over time
SOMM | Today | 24H -2.44% | 1M 31.66% | 1Y -20.49% |
|---|---|---|---|---|
0.5 SOMM | 0.0007839 ONDO | 0.000803 ONDO | 0.0005357 ONDO | 0.0009446 ONDO |
1 SOMM | 0.001568 ONDO | 0.001606 ONDO | 0.001071 ONDO | 0.001889 ONDO |
5 SOMM | 0.007839 ONDO | 0.00803 ONDO | 0.005357 ONDO | 0.009446 ONDO |
10 SOMM | 0.01568 ONDO | 0.01606 ONDO | 0.01071 ONDO | 0.01889 ONDO |
50 SOMM | 0.07839 ONDO | 0.0803 ONDO | 0.05357 ONDO | 0.09446 ONDO |
100 SOMM | 0.1568 ONDO | 0.1606 ONDO | 0.1071 ONDO | 0.1889 ONDO |
500 SOMM | 0.7839 ONDO | 0.803 ONDO | 0.5357 ONDO | 0.9446 ONDO |
1,000 SOMM | 1.57 ONDO | 1.61 ONDO | 1.07 ONDO | 1.89 ONDO |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0005313.
Based on the current rate, you could get 1,882.09 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 9,410.44 SOMM. Inversely, 5 SOMM will cost about $0.002657
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 Sunny Side up, Web3 Doge, and Titi Financial. 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.