About TRU and SOMM
TrueFi is falling, while Sommelier is climbing this week. The current TRU to SOMM conversion rate is 1.69. Inversely, this means that if you convert 1 SOMM you will get 0.5912 TRU. The conversion rate of TRU/SOMM has increased by 0.7% in the last hour (SOMM/TRU decreased by 0.7%). In the last 24 hours, TRU/SOMM shrunk by 163.13%, while SOMM/TRU grew by the same amount.
The exchange rate of TrueFi is decreasing. The current value of 1 TRU is 1.69 SOMM. In other words, to buy 5 TrueFi, it would cost you 8.46 SOMM. Inversely, 1 SOMM would allow you to trade for 0.5912 TRU while 50 SOMM would convert to 29.56 TRU, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 134.01%. Meanwhile, in the last 24 hours, the rate has changed by 165.3%, and that the highest exchange rate of 1 TRU to SOMM was 4.69 SOMM and the lowest 24 hour value was 1 TRU for 1.67 SOMM. Last month, 1 TRU was worth 4.05 SOMM. Today, it's down 139.55%. Looking back a year, TrueFi has changed by 26.13 SOMM. That means that in a single year, the value of TrueFi has shrank by 1,444.73%.
TrueFi Market Stats
TRU is an Ethereum token that powers TrueFi, a decentralized finance protocol for uncollateralized lending using on-chain credit scores. TRU can be used for staking (i.e. to approve or reject new loans) and governance on the TrueFi protocol.
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.
Conversion tables
TRU to SOMM values from Today at 12:51 am
0.5 TRU = 0.8457 SOMM |
1 TRU = 1.69 SOMM |
5 TRU = 8.46 SOMM |
10 TRU = 16.91 SOMM |
50 TRU = 84.57 SOMM |
100 TRU = 169.14 SOMM |
500 TRU = 845.71 SOMM |
1,000 TRU = 1,691.43 SOMM |
SOMM to TRU values from Today at 12:51 am
0.5 SOMM = 0.2956 TRU |
1 SOMM = 0.5912 TRU |
5 SOMM = 2.96 TRU |
10 SOMM = 5.91 TRU |
50 SOMM = 29.56 TRU |
100 SOMM = 59.12 TRU |
500 SOMM = 295.61 TRU |
1,000 SOMM = 591.22 TRU |
TRU to SOMM over time
TRU | Today | 24H -165.30% | 1M -139.55% | 1Y -1,444.73% |
|---|---|---|---|---|
0.5 TRU | 0.8457 SOMM | 2.24 SOMM | 2.03 SOMM | 13.06 SOMM |
1 TRU | 1.69 SOMM | 4.49 SOMM | 4.05 SOMM | 26.13 SOMM |
5 TRU | 8.46 SOMM | 22.44 SOMM | 20.26 SOMM | 130.64 SOMM |
10 TRU | 16.91 SOMM | 44.87 SOMM | 40.52 SOMM | 261.28 SOMM |
50 TRU | 84.57 SOMM | 224.37 SOMM | 202.59 SOMM | 1,306.40 SOMM |
100 TRU | 169.14 SOMM | 448.74 SOMM | 405.18 SOMM | 2,612.80 SOMM |
500 TRU | 845.71 SOMM | 2,243.72 SOMM | 2,025.91 SOMM | 13,064.02 SOMM |
1,000 TRU | 1,691.43 SOMM | 4,487.43 SOMM | 4,051.82 SOMM | 26,128.04 SOMM |
Frequently asked questions
Right now, 1 TrueFi is worth about $0.0008135.
Based on the current rate, you could get 1,229.20 TRU for 1 USD.
TrueFi price has been declining. Since yesterday, the exchange rate of TrueFi has decreased. Since last month, the exchange rate of TrueFi has decreased. Since this time last year, the price of TrueFi has decreased.
You can use our TRU to USD calculator at the top of this page to convert any amount of TRU to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 6,146.02 TRU. Inversely, 5 TRU will cost about $0.004068
TrueFi is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy TrueFi.
There are a number of crypto assets that have the a similar or comparable market cap to TrueFi, including Stool Prisondente, Helium IOT, and QCAD. For a more robust list of assets to explore, jump to the asset page dedicated to TrueFi.
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