About SOMM and TRU
Sommelier is climbing, while TrueFi is falling this week. The current SOMM to TRU conversion rate is 0.3884. Inversely, this means that if you convert 1 TRU you will get 2.57 SOMM. The conversion rate of SOMM/TRU has increased by 130.18% in the last hour (TRU/SOMM decreased by 130.18%). In the last 24 hours, SOMM/TRU grew by 3.93%, while TRU/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.3884 TRU. In other words, to buy 5 Sommelier, it would cost you 1.942 TRU. Inversely, 1 TRU would allow you to trade for 2.57 SOMM while 50 TRU would convert to 128.73 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 56.98%. Meanwhile, in the last 24 hours, the rate has changed by 4.07%, which means that the highest exchange rate of 1 SOMM to TRU was 0.4008 TRU and the lowest 24 hour value was 1 SOMM for 0.1658 TRU. Last month, 1 SOMM was worth 0.3737 TRU. Today, it's up 3.78%. Looking back a year, Sommelier has changed by 0.03749 TRU. That means that in a single year, the value of Sommelier has grown by 90.35%.
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.
TrueFi Market Stats
TRU is an Ethereum token that powers TrueFi, a decentralized finance protocol for uncollateralized lending using on-chain credit scores. TRU can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.
Conversion tables
SOMM to TRU values from Today at 1:28 pm
0.5 SOMM = 0.1942 TRU |
1 SOMM = 0.3884 TRU |
5 SOMM = 1.94 TRU |
10 SOMM = 3.88 TRU |
50 SOMM = 19.42 TRU |
100 SOMM = 38.84 TRU |
500 SOMM = 194.20 TRU |
1,000 SOMM = 388.41 TRU |
TRU to SOMM values from Today at 1:29 pm
0.5 TRU = 1.29 SOMM |
1 TRU = 2.57 SOMM |
5 TRU = 12.87 SOMM |
10 TRU = 25.75 SOMM |
50 TRU = 128.73 SOMM |
100 TRU = 257.46 SOMM |
500 TRU = 1,287.30 SOMM |
1,000 TRU = 2,574.61 SOMM |
SOMM to TRU over time
SOMM | Today | 24H 4.07% | 1M 3.78% | 1Y 90.35% |
|---|---|---|---|---|
0.5 SOMM | 0.1942 TRU | 0.1863 TRU | 0.1869 TRU | 0.01875 TRU |
1 SOMM | 0.3884 TRU | 0.3726 TRU | 0.3737 TRU | 0.03749 TRU |
5 SOMM | 1.94 TRU | 1.86 TRU | 1.87 TRU | 0.1875 TRU |
10 SOMM | 3.88 TRU | 3.73 TRU | 3.74 TRU | 0.3749 TRU |
50 SOMM | 19.42 TRU | 18.63 TRU | 18.69 TRU | 1.87 TRU |
100 SOMM | 38.84 TRU | 37.26 TRU | 37.37 TRU | 3.75 TRU |
500 SOMM | 194.20 TRU | 186.29 TRU | 186.86 TRU | 18.75 TRU |
1,000 SOMM | 388.41 TRU | 372.58 TRU | 373.71 TRU | 37.49 TRU |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003829.
Based on the current rate, you could get 2,611.98 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 13,059.91 SOMM. Inversely, 5 SOMM will cost about $0.001914
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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