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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 WET
Sommelier is falling, while Humidifi is climbing this week. The current SOMM to WET conversion rate is 0.004732. Inversely, this means that if you convert 1 WET you will get 211.31 SOMM. The conversion rate of SOMM/WET has increased by 0.22% in the last hour (WET/SOMM decreased by 0.22%). In the last 24 hours, SOMM/WET shrunk by 17.96%, while WET/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.004732 WET. In other words, to buy 5 Sommelier, it would cost you 0.023662 WET. Inversely, 1 WET would allow you to trade for 211.31 SOMM while 50 WET would convert to 10,565.46 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 34.33%. Meanwhile, in the last 24 hours, the rate has changed by 17.18%, and that the highest exchange rate of 1 SOMM to WET was 0.005586 WET and the lowest 24 hour value was 1 SOMM for 0.004586 WET. Last month, 1 SOMM was worth 0.009054 WET. Today, it's down 91.32%. Looking back a year, Sommelier has changed by ∞ WET. 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.
Humidifi Market Stats
HumidiFi operates as a "dark pool DEX" with active liquidity management by professional market makers, offering lower slippage, tighter spreads, and higher capital efficiency than traditional AMMs. WET powers staking for trading rebates, fee reductions, and access to higher rebate tiers.
Conversion tables
SOMM to WET values from Today at 8:08 am
0.5 SOMM = 0.002366 WET |
1 SOMM = 0.004732 WET |
5 SOMM = 0.02366 WET |
10 SOMM = 0.04732 WET |
50 SOMM = 0.2366 WET |
100 SOMM = 0.4732 WET |
500 SOMM = 2.37 WET |
1,000 SOMM = 4.73 WET |
WET to SOMM values from Today at 8:11 am
0.5 WET = 105.65 SOMM |
1 WET = 211.31 SOMM |
5 WET = 1,056.55 SOMM |
10 WET = 2,113.09 SOMM |
50 WET = 10,565.46 SOMM |
100 WET = 21,130.92 SOMM |
500 WET = 105,654.61 SOMM |
1,000 WET = 211,309.21 SOMM |
SOMM to WET over time
SOMM | Today | 24H -17.18% | 1M -91.32% | 1Y 77.89% |
|---|---|---|---|---|
0.5 SOMM | 0.002366 WET | 0.002773 WET | 0.004527 WET | 0.0005233 WET |
1 SOMM | 0.004732 WET | 0.005545 WET | 0.009054 WET | 0.001047 WET |
5 SOMM | 0.02366 WET | 0.02773 WET | 0.04527 WET | 0.005233 WET |
10 SOMM | 0.04732 WET | 0.05545 WET | 0.09054 WET | 0.01047 WET |
50 SOMM | 0.2366 WET | 0.2773 WET | 0.4527 WET | 0.05233 WET |
100 SOMM | 0.4732 WET | 0.5545 WET | 0.9054 WET | 0.1047 WET |
500 SOMM | 2.37 WET | 2.77 WET | 4.53 WET | 0.5233 WET |
1,000 SOMM | 4.73 WET | 5.55 WET | 9.05 WET | 1.05 WET |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.000319.
Based on the current rate, you could get 3,135.15 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 decreased. 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 15,675.76 SOMM. Inversely, 5 SOMM will cost about $0.001595
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, Web3 Doge, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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