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About SOMM and RAD
Sommelier is climbing, while Radworks is falling this week. The current SOMM to RAD conversion rate is 0.001435. Inversely, this means that if you convert 1 RAD you will get 696.83 SOMM. The conversion rate of SOMM/RAD has decreased by 0.24% in the last hour (RAD/SOMM increased by 0.24%). In the last 24 hours, SOMM/RAD grew by 1.36%, while RAD/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.001435 RAD. In other words, to buy 5 Sommelier, it would cost you 0.007175 RAD. Inversely, 1 RAD would allow you to trade for 696.83 SOMM while 50 RAD would convert to 34,841.34 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.92%. Meanwhile, in the last 24 hours, the rate has changed by 1.34%, which means that the highest exchange rate of 1 SOMM to RAD was 0.001439 RAD and the lowest 24 hour value was 1 SOMM for 0.001399 RAD. Last month, 1 SOMM was worth 0.00223 RAD. Today, it's down 55.37%. Looking back a year, Sommelier has changed by 0.001561 RAD. That means that in a single year, the value of Sommelier has shrank by 8.74%.
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.
Radworks Market Stats
$RAD is an Ethereum token that powers the Radworks ecosystem. Radworks is a community-governed organization that funds new, resilient, permissionless technologies to cultivate internet freedom. It is the organization behind Radicle, a sovereign peer-to-peer network for code collaboration, built on top of Git, and Drips, a peer-to-peer fund sharing and splitting solution built on Ethereum.
Conversion tables
SOMM to RAD values from Today at 9:05 am
0.5 SOMM = 0.0007175 RAD |
1 SOMM = 0.001435 RAD |
5 SOMM = 0.007175 RAD |
10 SOMM = 0.01435 RAD |
50 SOMM = 0.07175 RAD |
100 SOMM = 0.1435 RAD |
500 SOMM = 0.7175 RAD |
1,000 SOMM = 1.44 RAD |
RAD to SOMM values from Today at 9:08 am
0.5 RAD = 348.41 SOMM |
1 RAD = 696.83 SOMM |
5 RAD = 3,484.13 SOMM |
10 RAD = 6,968.27 SOMM |
50 RAD = 34,841.34 SOMM |
100 RAD = 69,682.67 SOMM |
500 RAD = 348,413.37 SOMM |
1,000 RAD = 696,826.73 SOMM |
SOMM to RAD over time
SOMM | Today | 24H 1.34% | 1M -55.37% | 1Y -8.74% |
|---|---|---|---|---|
0.5 SOMM | 0.0007175 RAD | 0.0007079 RAD | 0.001115 RAD | 0.0007803 RAD |
1 SOMM | 0.001435 RAD | 0.001416 RAD | 0.00223 RAD | 0.001561 RAD |
5 SOMM | 0.007175 RAD | 0.007079 RAD | 0.01115 RAD | 0.007803 RAD |
10 SOMM | 0.01435 RAD | 0.01416 RAD | 0.0223 RAD | 0.01561 RAD |
50 SOMM | 0.07175 RAD | 0.07079 RAD | 0.1115 RAD | 0.07803 RAD |
100 SOMM | 0.1435 RAD | 0.1416 RAD | 0.223 RAD | 0.1561 RAD |
500 SOMM | 0.7175 RAD | 0.7079 RAD | 1.11 RAD | 0.7803 RAD |
1,000 SOMM | 1.44 RAD | 1.42 RAD | 2.23 RAD | 1.56 RAD |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0002942.
Based on the current rate, you could get 3,399.15 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 16,995.77 SOMM. Inversely, 5 SOMM will cost about $0.001471
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 XT Stablecoin XTUSD, Titi Financial, and MarbleVerse. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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