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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 S
Sommelier is climbing, while Sonic is falling this week. The current SOMM to S conversion rate is 0.01411. Inversely, this means that if you convert 1 S you will get 70.86 SOMM. The conversion rate of SOMM/S has increased by 0.87% in the last hour (S/SOMM decreased by 0.87%). In the last 24 hours, SOMM/S grew by 24.24%, while S/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.01411 S. In other words, to buy 5 Sommelier, it would cost you 0.07056 S. Inversely, 1 S would allow you to trade for 70.86 SOMM while 50 S would convert to 3,543.23 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 22.99%. Meanwhile, in the last 24 hours, the rate has changed by 20.13%, which means that the highest exchange rate of 1 SOMM to S was 0.01649 S and the lowest 24 hour value was 1 SOMM for 0.00989 S. Last month, 1 SOMM was worth 0.009042 S. Today, it's up 35.92%. Looking back a year, Sommelier has changed by 0.002605 S. That means that in a single year, the value of Sommelier has grown by 81.54%.
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.
Sonic Market Stats
Sonic is a high performing EVM L1, combining speed, incentives, and robust infrastructure, powering the next generation of DeFi applications. S is the native token of the Sonic network has multiple functions, including governance, staking, and fee generation.
Conversion tables
SOMM to S values from Today at 7:35 am
0.5 SOMM = 0.007056 S |
1 SOMM = 0.01411 S |
5 SOMM = 0.07056 S |
10 SOMM = 0.1411 S |
50 SOMM = 0.7056 S |
100 SOMM = 1.41 S |
500 SOMM = 7.06 S |
1,000 SOMM = 14.11 S |
S to SOMM values from Today at 7:37 am
0.5 S = 35.43 SOMM |
1 S = 70.86 SOMM |
5 S = 354.32 SOMM |
10 S = 708.65 SOMM |
50 S = 3,543.23 SOMM |
100 S = 7,086.45 SOMM |
500 S = 35,432.27 SOMM |
1,000 S = 70,864.55 SOMM |
SOMM to S over time
SOMM | Today | 24H 20.13% | 1M 35.92% | 1Y 81.54% |
|---|---|---|---|---|
0.5 SOMM | 0.007056 S | 0.005635 S | 0.004521 S | 0.001303 S |
1 SOMM | 0.01411 S | 0.01127 S | 0.009042 S | 0.002605 S |
5 SOMM | 0.07056 S | 0.05635 S | 0.04521 S | 0.01303 S |
10 SOMM | 0.1411 S | 0.1127 S | 0.09042 S | 0.02605 S |
50 SOMM | 0.7056 S | 0.5635 S | 0.4521 S | 0.1303 S |
100 SOMM | 1.41 S | 1.13 S | 0.9042 S | 0.2605 S |
500 SOMM | 7.06 S | 5.64 S | 4.52 S | 1.30 S |
1,000 SOMM | 14.11 S | 11.27 S | 9.04 S | 2.61 S |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004102.
Based on the current rate, you could get 2,437.72 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 12,188.60 SOMM. Inversely, 5 SOMM will cost about $0.002051
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 Titi Financial, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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