About SOMM and SDEX
Sommelier is climbing, while SmarDex is falling this week. The current SOMM to SDEX conversion rate is 0.886. Inversely, this means that if you convert 1 SDEX you will get 1.13 SOMM. The conversion rate of SOMM/SDEX has increased by 0.14% in the last hour (SDEX/SOMM decreased by 0.14%). In the last 24 hours, SOMM/SDEX grew by 6.94%, while SDEX/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.886 SDEX. In other words, to buy 5 Sommelier, it would cost you 4.4302 SDEX. Inversely, 1 SDEX would allow you to trade for 1.13 SOMM while 50 SDEX would convert to 56.43 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 13.54%. Meanwhile, in the last 24 hours, the rate has changed by 6.33%, which means that the highest exchange rate of 1 SOMM to SDEX was 0.8939 SDEX and the lowest 24 hour value was 1 SOMM for 0.8275 SDEX. Last month, 1 SOMM was worth 0.7525 SDEX. Today, it's up 15.07%. Looking back a year, Sommelier has changed by 0.6813 SDEX. That means that in a single year, the value of Sommelier has grown by 23.11%.
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.
SmarDex Market Stats
SDEX is the token from the first DEX on the planet to fix Impermanent Loss. It is explained in a scientific paper here:
Conversion tables
SOMM to SDEX values from Today at 5:56 am
0.5 SOMM = 0.443 SDEX |
1 SOMM = 0.886 SDEX |
5 SOMM = 4.43 SDEX |
10 SOMM = 8.86 SDEX |
50 SOMM = 44.30 SDEX |
100 SOMM = 88.60 SDEX |
500 SOMM = 443.02 SDEX |
1,000 SOMM = 886.04 SDEX |
SDEX to SOMM values from Today at 5:56 am
0.5 SDEX = 0.5643 SOMM |
1 SDEX = 1.13 SOMM |
5 SDEX = 5.64 SOMM |
10 SDEX = 11.29 SOMM |
50 SDEX = 56.43 SOMM |
100 SDEX = 112.86 SOMM |
500 SDEX = 564.31 SOMM |
1,000 SDEX = 1,128.62 SOMM |
SOMM to SDEX over time
SOMM | Today | 24H 6.33% | 1M 15.07% | 1Y 23.11% |
|---|---|---|---|---|
0.5 SOMM | 0.443 SDEX | 0.415 SDEX | 0.3762 SDEX | 0.3406 SDEX |
1 SOMM | 0.886 SDEX | 0.83 SDEX | 0.7525 SDEX | 0.6813 SDEX |
5 SOMM | 4.43 SDEX | 4.15 SDEX | 3.76 SDEX | 3.41 SDEX |
10 SOMM | 8.86 SDEX | 8.30 SDEX | 7.52 SDEX | 6.81 SDEX |
50 SOMM | 44.30 SDEX | 41.50 SDEX | 37.62 SDEX | 34.06 SDEX |
100 SOMM | 88.60 SDEX | 83.00 SDEX | 75.25 SDEX | 68.13 SDEX |
500 SOMM | 443.02 SDEX | 415.00 SDEX | 376.24 SDEX | 340.64 SDEX |
1,000 SOMM | 886.04 SDEX | 830.00 SDEX | 752.49 SDEX | 681.28 SDEX |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003889.
Based on the current rate, you could get 2,571.64 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 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 12,858.22 SOMM. Inversely, 5 SOMM will cost about $0.001944
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, Safuu, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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