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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 PROS
Sommelier is falling, while Pharos is climbing this week. The current SOMM to PROS conversion rate is 0.0007634. Inversely, this means that if you convert 1 PROS you will get 1,309.95 SOMM. The conversion rate of SOMM/PROS has decreased by 0% in the last hour (PROS/SOMM increased by 0%). In the last 24 hours, SOMM/PROS shrunk by 1.08%, while PROS/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0007634 PROS. In other words, to buy 5 Sommelier, it would cost you 0.0038169 PROS. Inversely, 1 PROS would allow you to trade for 1,309.95 SOMM while 50 PROS would convert to 65,497.64 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 11.01%. Meanwhile, in the last 24 hours, the rate has changed by 5.62%, and that the highest exchange rate of 1 SOMM to PROS was 0.0008367 PROS and the lowest 24 hour value was 1 SOMM for 0.0007474 PROS. Last month, 1 SOMM was worth 0.00105 PROS. Today, it's down 37.48%. Looking back a year, Sommelier has changed by 0.000008123 PROS. That means that in a single year, the value of Sommelier has grown by 98.94%.
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.
Pharos Market Stats
Pharos is the s financial Layer 1 for RealFi, where real value and institutional-grade assets circulate onchain and are composable with decentralized assets, becoming the new infrastructure of global finance for all. Pharos combines modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain. Built by the leadership and engineers from Ant Group, the project is backed by Hack VC, Faction VC, and other global TradFi investors.
Conversion tables
SOMM to PROS values from Today at 8:01 pm
0.5 SOMM = 0.0003817 PROS |
1 SOMM = 0.0007634 PROS |
5 SOMM = 0.003817 PROS |
10 SOMM = 0.007634 PROS |
50 SOMM = 0.03817 PROS |
100 SOMM = 0.07634 PROS |
500 SOMM = 0.3817 PROS |
1,000 SOMM = 0.7634 PROS |
PROS to SOMM values from Today at 8:03 pm
0.5 PROS = 654.98 SOMM |
1 PROS = 1,309.95 SOMM |
5 PROS = 6,549.76 SOMM |
10 PROS = 13,099.53 SOMM |
50 PROS = 65,497.64 SOMM |
100 PROS = 130,995.29 SOMM |
500 PROS = 654,976.44 SOMM |
1,000 PROS = 1,309,952.89 SOMM |
SOMM to PROS over time
SOMM | Today | 24H -5.62% | 1M -37.48% | 1Y 98.94% |
|---|---|---|---|---|
0.5 SOMM | 0.0003817 PROS | 0.0004032 PROS | 0.0005248 PROS | 0.000004062 PROS |
1 SOMM | 0.0007634 PROS | 0.0008063 PROS | 0.00105 PROS | 0.000008123 PROS |
5 SOMM | 0.003817 PROS | 0.004032 PROS | 0.005248 PROS | 0.00004062 PROS |
10 SOMM | 0.007634 PROS | 0.008063 PROS | 0.0105 PROS | 0.00008123 PROS |
50 SOMM | 0.03817 PROS | 0.04032 PROS | 0.05248 PROS | 0.0004062 PROS |
100 SOMM | 0.07634 PROS | 0.08063 PROS | 0.105 PROS | 0.0008123 PROS |
500 SOMM | 0.3817 PROS | 0.4032 PROS | 0.5248 PROS | 0.004062 PROS |
1,000 SOMM | 0.7634 PROS | 0.8063 PROS | 1.05 PROS | 0.008123 PROS |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0002956.
Based on the current rate, you could get 3,383.14 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 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 16,915.71 SOMM. Inversely, 5 SOMM will cost about $0.001478
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, Envision, and Envision. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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