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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 SKY
Sommelier is climbing, while Sky is falling this week. The current SOMM to SKY conversion rate is 0.005967. Inversely, this means that if you convert 1 SKY you will get 167.59 SOMM. The conversion rate of SOMM/SKY has increased by 0.35% in the last hour (SKY/SOMM decreased by 0.35%). In the last 24 hours, SOMM/SKY grew by 3.17%, while SKY/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.005967 SKY. In other words, to buy 5 Sommelier, it would cost you 0.029835 SKY. Inversely, 1 SKY would allow you to trade for 167.59 SOMM while 50 SKY would convert to 8,379.42 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 14.85%. Meanwhile, in the last 24 hours, the rate has changed by 2.78%, which means that the highest exchange rate of 1 SOMM to SKY was 0.006077 SKY and the lowest 24 hour value was 1 SOMM for 0.005764 SKY. Last month, 1 SOMM was worth 0.009025 SKY. Today, it's down 51.25%. Looking back a year, Sommelier has changed by 0.01433 SKY. That means that in a single year, the value of Sommelier has shrank by 140.1%.
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.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Conversion tables
SOMM to SKY values from Today at 1:17 am
0.5 SOMM = 0.002984 SKY |
1 SOMM = 0.005967 SKY |
5 SOMM = 0.02984 SKY |
10 SOMM = 0.05967 SKY |
50 SOMM = 0.2984 SKY |
100 SOMM = 0.5967 SKY |
500 SOMM = 2.98 SKY |
1,000 SOMM = 5.97 SKY |
SKY to SOMM values from Today at 1:18 am
0.5 SKY = 83.79 SOMM |
1 SKY = 167.59 SOMM |
5 SKY = 837.94 SOMM |
10 SKY = 1,675.88 SOMM |
50 SKY = 8,379.42 SOMM |
100 SKY = 16,758.83 SOMM |
500 SKY = 83,794.16 SOMM |
1,000 SKY = 167,588.31 SOMM |
SOMM to SKY over time
SOMM | Today | 24H 2.78% | 1M -51.25% | 1Y -140.10% |
|---|---|---|---|---|
0.5 SOMM | 0.002984 SKY | 0.002901 SKY | 0.004513 SKY | 0.007163 SKY |
1 SOMM | 0.005967 SKY | 0.005801 SKY | 0.009025 SKY | 0.01433 SKY |
5 SOMM | 0.02984 SKY | 0.02901 SKY | 0.04513 SKY | 0.07163 SKY |
10 SOMM | 0.05967 SKY | 0.05801 SKY | 0.09025 SKY | 0.1433 SKY |
50 SOMM | 0.2984 SKY | 0.2901 SKY | 0.4513 SKY | 0.7163 SKY |
100 SOMM | 0.5967 SKY | 0.5801 SKY | 0.9025 SKY | 1.43 SKY |
500 SOMM | 2.98 SKY | 2.90 SKY | 4.51 SKY | 7.16 SKY |
1,000 SOMM | 5.97 SKY | 5.80 SKY | 9.03 SKY | 14.33 SKY |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003341.
Based on the current rate, you could get 2,992.92 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 14,964.58 SOMM. Inversely, 5 SOMM will cost about $0.001671
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, Lets Go Brandon, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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