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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 RLS
Sommelier is climbing, while Rayls is falling this week. The current SOMM to RLS conversion rate is 0.1633. Inversely, this means that if you convert 1 RLS you will get 6.12 SOMM. The conversion rate of SOMM/RLS has decreased by 0.59% in the last hour (RLS/SOMM increased by 0.59%). In the last 24 hours, SOMM/RLS grew by 1.66%, while RLS/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.1633 RLS. In other words, to buy 5 Sommelier, it would cost you 0.8166 RLS. Inversely, 1 RLS would allow you to trade for 6.12 SOMM while 50 RLS would convert to 306.16 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.84%. Meanwhile, in the last 24 hours, the rate has changed by 1.29%, which means that the highest exchange rate of 1 SOMM to RLS was 0.1666 RLS and the lowest 24 hour value was 1 SOMM for 0.1576 RLS. Last month, 1 SOMM was worth 0.2736 RLS. Today, it's down 67.51%. Looking back a year, Sommelier has changed by ∞ RLS. 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.
Rayls Market Stats
RLS is the native token of the Rayls blockchain, a network designed to connect traditional finance (banks, institutions) with decentralized finance. It is mainly used for transaction fees, staking, and governance across the Rayls ecosystem.
Conversion tables
SOMM to RLS values from Today at 6:36 pm
0.5 SOMM = 0.08166 RLS |
1 SOMM = 0.1633 RLS |
5 SOMM = 0.8166 RLS |
10 SOMM = 1.63 RLS |
50 SOMM = 8.17 RLS |
100 SOMM = 16.33 RLS |
500 SOMM = 81.66 RLS |
1,000 SOMM = 163.31 RLS |
RLS to SOMM values from Today at 6:32 pm
0.5 RLS = 3.06 SOMM |
1 RLS = 6.12 SOMM |
5 RLS = 30.62 SOMM |
10 RLS = 61.23 SOMM |
50 RLS = 306.16 SOMM |
100 RLS = 612.33 SOMM |
500 RLS = 3,061.64 SOMM |
1,000 RLS = 6,123.27 SOMM |
SOMM to RLS over time
SOMM | Today | 24H 1.29% | 1M -67.51% | 1Y 98.29% |
|---|---|---|---|---|
0.5 SOMM | 0.08166 RLS | 0.0806 RLS | 0.1368 RLS | 0.001393 RLS |
1 SOMM | 0.1633 RLS | 0.1612 RLS | 0.2736 RLS | 0.002786 RLS |
5 SOMM | 0.8166 RLS | 0.806 RLS | 1.37 RLS | 0.01393 RLS |
10 SOMM | 1.63 RLS | 1.61 RLS | 2.74 RLS | 0.02786 RLS |
50 SOMM | 8.17 RLS | 8.06 RLS | 13.68 RLS | 0.1393 RLS |
100 SOMM | 16.33 RLS | 16.12 RLS | 27.36 RLS | 0.2786 RLS |
500 SOMM | 81.66 RLS | 80.60 RLS | 136.79 RLS | 1.39 RLS |
1,000 SOMM | 163.31 RLS | 161.21 RLS | 273.57 RLS | 2.79 RLS |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003827.
Based on the current rate, you could get 2,613.32 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 13,066.60 SOMM. Inversely, 5 SOMM will cost about $0.001913
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 Bostrom, Fathom Dollar, and Marginswap. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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