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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 WAL
Sommelier is falling, while Walrus is climbing this week. The current SOMM to WAL conversion rate is 0.009529. Inversely, this means that if you convert 1 WAL you will get 104.95 SOMM. The conversion rate of SOMM/WAL has decreased by 0.08% in the last hour (WAL/SOMM increased by 0.08%). In the last 24 hours, SOMM/WAL shrunk by 32.17%, while WAL/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.009529 WAL. In other words, to buy 5 Sommelier, it would cost you 0.047643 WAL. Inversely, 1 WAL would allow you to trade for 104.95 SOMM while 50 WAL would convert to 5,247.35 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 27.79%. Meanwhile, in the last 24 hours, the rate has changed by 32.65%, which means that the highest exchange rate of 1 SOMM to WAL was 0.01278 WAL and the lowest 24 hour value was 1 SOMM for 0.007559 WAL. Last month, 1 SOMM was worth 0.004278 WAL. Today, it's up 55.11%. Looking back a year, Sommelier has changed by ∞ WAL. That means that in a single year, the value of Sommelier has shrank by ∞%.
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.
Walrus Market Stats
Walrus is a decentralized storage and data availability protocol built on the Sui blockchain that transforms large-scale data into programmable and verifiable assets. The WAL token is utilized for storage service payments, staking by node operators to secure the network, and participating in protocol governance.
Conversion tables
SOMM to WAL values from Today at 8:39 am
0.5 SOMM = 0.004764 WAL |
1 SOMM = 0.009529 WAL |
5 SOMM = 0.04764 WAL |
10 SOMM = 0.09529 WAL |
50 SOMM = 0.4764 WAL |
100 SOMM = 0.9529 WAL |
500 SOMM = 4.76 WAL |
1,000 SOMM = 9.53 WAL |
WAL to SOMM values from Today at 8:42 am
0.5 WAL = 52.47 SOMM |
1 WAL = 104.95 SOMM |
5 WAL = 524.74 SOMM |
10 WAL = 1,049.47 SOMM |
50 WAL = 5,247.35 SOMM |
100 WAL = 10,494.71 SOMM |
500 WAL = 52,473.54 SOMM |
1,000 WAL = 104,947.08 SOMM |
SOMM to WAL over time
SOMM | Today | 24H -32.65% | 1M 55.11% | 1Y 86.13% |
|---|---|---|---|---|
0.5 SOMM | 0.004764 WAL | 0.00632 WAL | 0.002139 WAL | 0.0006609 WAL |
1 SOMM | 0.009529 WAL | 0.01264 WAL | 0.004278 WAL | 0.001322 WAL |
5 SOMM | 0.04764 WAL | 0.0632 WAL | 0.02139 WAL | 0.006609 WAL |
10 SOMM | 0.09529 WAL | 0.1264 WAL | 0.04278 WAL | 0.01322 WAL |
50 SOMM | 0.4764 WAL | 0.632 WAL | 0.2139 WAL | 0.06609 WAL |
100 SOMM | 0.9529 WAL | 1.26 WAL | 0.4278 WAL | 0.1322 WAL |
500 SOMM | 4.76 WAL | 6.32 WAL | 2.14 WAL | 0.6609 WAL |
1,000 SOMM | 9.53 WAL | 12.64 WAL | 4.28 WAL | 1.32 WAL |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0003515.
Based on the current rate, you could get 2,844.87 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 14,224.33 SOMM. Inversely, 5 SOMM will cost about $0.001758
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 Tag Protocol, Baby World Liberty Financial, and Wrapped ILCOIN. 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.