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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 SOL
Sommelier is climbing, while Solana is falling this week. The current SOMM to SOL conversion rate is 0.000003731. Inversely, this means that if you convert 1 SOL you will get 268,027.08 SOMM. The conversion rate of SOMM/SOL has decreased by 1.08% in the last hour (SOL/SOMM increased by 1.08%). In the last 24 hours, SOMM/SOL grew by 9.23%, while SOL/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.000003731 SOL. In other words, to buy 5 Sommelier, it would cost you 0.000018655 SOL. Inversely, 1 SOL would allow you to trade for 268,027.08 SOMM while 50 SOL would convert to 13,401,353.93 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.97%. Meanwhile, in the last 24 hours, the rate has changed by 8.33%, which means that the highest exchange rate of 1 SOMM to SOL was 0.000004232 SOL and the lowest 24 hour value was 1 SOMM for 0.000003358 SOL. Last month, 1 SOMM was worth 0.000004045 SOL. Today, it's down 8.42%. Looking back a year, Sommelier has changed by 0.000005661 SOL. That means that in a single year, the value of Sommelier has shrank by 51.72%.
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.
Solana Market Stats
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
Conversion tables
SOMM to SOL values from Today at 3:05 am
0.5 SOMM = 0.000001865 SOL |
1 SOMM = 0.000003731 SOL |
5 SOMM = 0.00001865 SOL |
10 SOMM = 0.00003731 SOL |
50 SOMM = 0.0001865 SOL |
100 SOMM = 0.0003731 SOL |
500 SOMM = 0.001865 SOL |
1,000 SOMM = 0.003731 SOL |
SOL to SOMM values from Today at 3:07 am
0.5 SOL = 134,013.54 SOMM |
1 SOL = 268,027.08 SOMM |
5 SOL = 1,340,135.39 SOMM |
10 SOL = 2,680,270.79 SOMM |
50 SOL = 13,401,353.93 SOMM |
100 SOL = 26,802,707.86 SOMM |
500 SOL = 134,013,539.32 SOMM |
1,000 SOL = 268,027,078.64 SOMM |
SOMM to SOL over time
SOMM | Today | 24H 8.33% | 1M -8.42% | 1Y -51.72% |
|---|---|---|---|---|
0.5 SOMM | 0.000001865 SOL | 0.00000171 SOL | 0.000002023 SOL | 0.00000283 SOL |
1 SOMM | 0.000003731 SOL | 0.00000342 SOL | 0.000004045 SOL | 0.000005661 SOL |
5 SOMM | 0.00001865 SOL | 0.0000171 SOL | 0.00002023 SOL | 0.0000283 SOL |
10 SOMM | 0.00003731 SOL | 0.0000342 SOL | 0.00004045 SOL | 0.00005661 SOL |
50 SOMM | 0.0001865 SOL | 0.000171 SOL | 0.0002023 SOL | 0.000283 SOL |
100 SOMM | 0.0003731 SOL | 0.000342 SOL | 0.0004045 SOL | 0.0005661 SOL |
500 SOMM | 0.001865 SOL | 0.00171 SOL | 0.002023 SOL | 0.00283 SOL |
1,000 SOMM | 0.003731 SOL | 0.00342 SOL | 0.004045 SOL | 0.005661 SOL |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003626.
Based on the current rate, you could get 2,758.05 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 13,790.24 SOMM. Inversely, 5 SOMM will cost about $0.001813
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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