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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 PRCL
Sommelier is falling, while Parcl is climbing this week. The current SOMM to PRCL conversion rate is 0.03464. Inversely, this means that if you convert 1 PRCL you will get 28.87 SOMM. The conversion rate of SOMM/PRCL has increased by 2.49% in the last hour (PRCL/SOMM decreased by 2.49%). In the last 24 hours, SOMM/PRCL shrunk by 15.06%, while PRCL/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.03464 PRCL. In other words, to buy 5 Sommelier, it would cost you 0.1732 PRCL. Inversely, 1 PRCL would allow you to trade for 28.87 SOMM while 50 PRCL would convert to 1,443.43 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 2.12%. Meanwhile, in the last 24 hours, the rate has changed by 15.06%, and that the highest exchange rate of 1 SOMM to PRCL was 0.06175 PRCL and the lowest 24 hour value was 1 SOMM for 0.03335 PRCL. Last month, 1 SOMM was worth 0.0233 PRCL. Today, it's up 32.74%. Looking back a year, Sommelier has changed by 0.01679 PRCL. That means that in a single year, the value of Sommelier has grown by 51.52%.
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.
Parcl Market Stats
Parcl is a perpetuals exchange designed for real estate synthetics. PRCL acts as the governance token for the Parcl Protocol. PRCL can also be used to access institutional quality real estate data via an API powered by Parcl Labs.
Conversion tables
SOMM to PRCL values from Today at 12:23 am
0.5 SOMM = 0.01732 PRCL |
1 SOMM = 0.03464 PRCL |
5 SOMM = 0.1732 PRCL |
10 SOMM = 0.3464 PRCL |
50 SOMM = 1.73 PRCL |
100 SOMM = 3.46 PRCL |
500 SOMM = 17.32 PRCL |
1,000 SOMM = 34.64 PRCL |
PRCL to SOMM values from Today at 12:24 am
0.5 PRCL = 14.43 SOMM |
1 PRCL = 28.87 SOMM |
5 PRCL = 144.34 SOMM |
10 PRCL = 288.69 SOMM |
50 PRCL = 1,443.43 SOMM |
100 PRCL = 2,886.86 SOMM |
500 PRCL = 14,434.32 SOMM |
1,000 PRCL = 28,868.64 SOMM |
SOMM to PRCL over time
SOMM | Today | 24H -15.06% | 1M 32.74% | 1Y 51.52% |
|---|---|---|---|---|
0.5 SOMM | 0.01732 PRCL | 0.01993 PRCL | 0.01165 PRCL | 0.008397 PRCL |
1 SOMM | 0.03464 PRCL | 0.03986 PRCL | 0.0233 PRCL | 0.01679 PRCL |
5 SOMM | 0.1732 PRCL | 0.1993 PRCL | 0.1165 PRCL | 0.08397 PRCL |
10 SOMM | 0.3464 PRCL | 0.3986 PRCL | 0.233 PRCL | 0.1679 PRCL |
50 SOMM | 1.73 PRCL | 1.99 PRCL | 1.16 PRCL | 0.8397 PRCL |
100 SOMM | 3.46 PRCL | 3.99 PRCL | 2.33 PRCL | 1.68 PRCL |
500 SOMM | 17.32 PRCL | 19.93 PRCL | 11.65 PRCL | 8.40 PRCL |
1,000 SOMM | 34.64 PRCL | 39.86 PRCL | 23.30 PRCL | 16.79 PRCL |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003031.
Based on the current rate, you could get 3,299.27 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 16,496.37 SOMM. Inversely, 5 SOMM will cost about $0.001515
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
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