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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 XTZ
Sommelier is falling, while Tezos is climbing this week. The current SOMM to XTZ conversion rate is 0.00199. Inversely, this means that if you convert 1 XTZ you will get 502.58 SOMM. The conversion rate of SOMM/XTZ has decreased by 1.02% in the last hour (XTZ/SOMM increased by 1.02%). In the last 24 hours, SOMM/XTZ shrunk by 6.65%, while XTZ/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.00199 XTZ. In other words, to buy 5 Sommelier, it would cost you 0.009949 XTZ. Inversely, 1 XTZ would allow you to trade for 502.58 SOMM while 50 XTZ would convert to 25,128.81 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 30.31%. Meanwhile, in the last 24 hours, the rate has changed by 5.97%, which means that the highest exchange rate of 1 SOMM to XTZ was 0.002109 XTZ and the lowest 24 hour value was 1 SOMM for 0.001881 XTZ. Last month, 1 SOMM was worth 0.0007622 XTZ. Today, it's up 61.69%. Looking back a year, Sommelier has changed by 0.002131 XTZ. That means that in a single year, the value of Sommelier has shrank by 7.11%.
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.
Tezos Market Stats
Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the correctness of their code), and the ability to let stakeholders vote on changes to the protocol. Tezos's block creation process is called "baking" — Tezos holders who stake their tokens can receive Tezos tokens as a reward for creating and verifying blocks.
Conversion tables
SOMM to XTZ values from Today at 4:30 pm
0.5 SOMM = 0.0009949 XTZ |
1 SOMM = 0.00199 XTZ |
5 SOMM = 0.009949 XTZ |
10 SOMM = 0.0199 XTZ |
50 SOMM = 0.09949 XTZ |
100 SOMM = 0.199 XTZ |
500 SOMM = 0.9949 XTZ |
1,000 SOMM = 1.99 XTZ |
XTZ to SOMM values from Today at 4:33 pm
0.5 XTZ = 251.29 SOMM |
1 XTZ = 502.58 SOMM |
5 XTZ = 2,512.88 SOMM |
10 XTZ = 5,025.76 SOMM |
50 XTZ = 25,128.81 SOMM |
100 XTZ = 50,257.61 SOMM |
500 XTZ = 251,288.07 SOMM |
1,000 XTZ = 502,576.14 SOMM |
SOMM to XTZ over time
SOMM | Today | 24H -5.97% | 1M 61.69% | 1Y -7.11% |
|---|---|---|---|---|
0.5 SOMM | 0.0009949 XTZ | 0.001054 XTZ | 0.0003811 XTZ | 0.001066 XTZ |
1 SOMM | 0.00199 XTZ | 0.002109 XTZ | 0.0007622 XTZ | 0.002131 XTZ |
5 SOMM | 0.009949 XTZ | 0.01054 XTZ | 0.003811 XTZ | 0.01066 XTZ |
10 SOMM | 0.0199 XTZ | 0.02109 XTZ | 0.007622 XTZ | 0.02131 XTZ |
50 SOMM | 0.09949 XTZ | 0.1054 XTZ | 0.03811 XTZ | 0.1066 XTZ |
100 SOMM | 0.199 XTZ | 0.2109 XTZ | 0.07622 XTZ | 0.2131 XTZ |
500 SOMM | 0.9949 XTZ | 1.05 XTZ | 0.3811 XTZ | 1.07 XTZ |
1,000 SOMM | 1.99 XTZ | 2.11 XTZ | 0.7622 XTZ | 2.13 XTZ |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004668.
Based on the current rate, you could get 2,142.27 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 10,711.34 SOMM. Inversely, 5 SOMM will cost about $0.002334
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 Grok (grokx.codes), Banx.gg, and Scorum Coins. 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.





