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About SOMM and WAL
Sommelier is falling, while Walrus is climbing this week. The current SOMM to WAL conversion rate is 0.006663. Inversely, this means that if you convert 1 WAL you will get 150.07 SOMM. The conversion rate of SOMM/WAL has increased by 0.23% in the last hour (WAL/SOMM decreased by 0.23%). In the last 24 hours, SOMM/WAL shrunk by 10.61%, while WAL/SOMM grew by 11.87%.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.006663 WAL. In other words, to buy 5 Sommelier, it would cost you 0.033317 WAL. Inversely, 1 WAL would allow you to trade for 150.07 SOMM while 50 WAL would convert to 7,503.59 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.25%. Meanwhile, in the last 24 hours, the rate has changed by 9.59%, which means that the highest exchange rate of 1 SOMM to WAL was 0.007647 WAL and the lowest 24 hour value was 1 SOMM for 0.006473 WAL. Last month, 1 SOMM was worth 0.01487 WAL. Today, it's down 55.2%. Looking back a year, Sommelier has changed by ∞ WAL. That means that in a single year, the value of Sommelier has grown by 0%.
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 11:39 pm
0.5 SOMM = 0.003332 WAL |
1 SOMM = 0.006663 WAL |
5 SOMM = 0.03332 WAL |
10 SOMM = 0.06663 WAL |
50 SOMM = 0.3332 WAL |
100 SOMM = 0.6663 WAL |
500 SOMM = 3.33 WAL |
1,000 SOMM = 6.66 WAL |
WAL to SOMM values from Today at 11:32 pm
0.5 WAL = 75.04 SOMM |
1 WAL = 150.07 SOMM |
5 WAL = 750.36 SOMM |
10 WAL = 1,500.72 SOMM |
50 WAL = 7,503.59 SOMM |
100 WAL = 15,007.18 SOMM |
500 WAL = 75,035.91 SOMM |
1,000 WAL = 150,071.81 SOMM |
SOMM to WAL over time
SOMM | Today | 24H -10.61% | 1M -123.23% | 1Y 74.77% |
|---|---|---|---|---|
0.5 SOMM | 0.003332 WAL | 0.003685 WAL | 0.007437 WAL | 0.0008405 WAL |
1 SOMM | 0.006663 WAL | 0.007371 WAL | 0.01487 WAL | 0.001681 WAL |
5 SOMM | 0.03332 WAL | 0.03685 WAL | 0.07437 WAL | 0.008405 WAL |
10 SOMM | 0.06663 WAL | 0.07371 WAL | 0.1487 WAL | 0.01681 WAL |
50 SOMM | 0.3332 WAL | 0.3685 WAL | 0.7437 WAL | 0.08405 WAL |
100 SOMM | 0.6663 WAL | 0.7371 WAL | 1.49 WAL | 0.1681 WAL |
500 SOMM | 3.33 WAL | 3.69 WAL | 7.44 WAL | 0.8405 WAL |
1,000 SOMM | 6.66 WAL | 7.37 WAL | 14.87 WAL | 1.68 WAL |
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