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About SOMM and USDC
Sommelier is falling, while USDC is climbing this week. The current SOMM to USDC conversion rate is 0.000344. Inversely, this means that if you convert 1 USDC you will get 2,907.08 SOMM. The conversion rate of SOMM/USDC has decreased by 0.43% in the last hour (USDC/SOMM increased by 0.43%). In the last 24 hours, SOMM/USDC shrunk by 0.85%, while USDC/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.000344 USDC. In other words, to buy 5 Sommelier, it would cost you 0.0017199 USDC. Inversely, 1 USDC would allow you to trade for 2,907.08 SOMM while 50 USDC would convert to 145,353.75 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 14.11%. Meanwhile, in the last 24 hours, the rate has changed by 0.32%, which means that the highest exchange rate of 1 SOMM to USDC was 0.0003561 USDC and the lowest 24 hour value was 1 SOMM for 0.0003391 USDC. Last month, 1 SOMM was worth 0.0002974 USDC. Today, it's up 13.54%. Looking back a year, Sommelier has changed by 0.0009995 USDC. That means that in a single year, the value of Sommelier has shrank by 190.57%.
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.
USDC Market Stats
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
Conversion tables
SOMM to USDC values from Today at 10:43 pm
0.5 SOMM = 0.000172 USDC |
1 SOMM = 0.000344 USDC |
5 SOMM = 0.00172 USDC |
10 SOMM = 0.00344 USDC |
50 SOMM = 0.0172 USDC |
100 SOMM = 0.0344 USDC |
500 SOMM = 0.172 USDC |
1,000 SOMM = 0.344 USDC |
USDC to SOMM values from Today at 10:45 pm
0.5 USDC = 1,453.54 SOMM |
1 USDC = 2,907.08 SOMM |
5 USDC = 14,535.38 SOMM |
10 USDC = 29,070.75 SOMM |
50 USDC = 145,353.75 SOMM |
100 USDC = 290,707.50 SOMM |
500 USDC = 1,453,537.51 SOMM |
1,000 USDC = 2,907,075.02 SOMM |
SOMM to USDC over time
SOMM | Today | 24H -0.32% | 1M 13.54% | 1Y -190.57% |
|---|---|---|---|---|
0.5 SOMM | 0.000172 USDC | 0.0001726 USDC | 0.0001487 USDC | 0.0004998 USDC |
1 SOMM | 0.000344 USDC | 0.0003451 USDC | 0.0002974 USDC | 0.0009995 USDC |
5 SOMM | 0.00172 USDC | 0.001726 USDC | 0.001487 USDC | 0.004998 USDC |
10 SOMM | 0.00344 USDC | 0.003451 USDC | 0.002974 USDC | 0.009995 USDC |
50 SOMM | 0.0172 USDC | 0.01726 USDC | 0.01487 USDC | 0.04998 USDC |
100 SOMM | 0.0344 USDC | 0.03451 USDC | 0.02974 USDC | 0.09995 USDC |
500 SOMM | 0.172 USDC | 0.1726 USDC | 0.1487 USDC | 0.4998 USDC |
1,000 SOMM | 0.344 USDC | 0.3451 USDC | 0.2974 USDC | 0.9995 USDC |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.000344.
Based on the current rate, you could get 2,907.08 SOMM for 1 USD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. 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 14,535.38 SOMM. Inversely, 5 SOMM will cost about $0.00172
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, Safuu, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.