Convert Wrapped Bitcoin WBTC to Sommelier SOMM
WBTC to SOMM: 1 Wrapped Bitcoin converts to 180,551,890.94 SOMM
About WBTC and SOMM
Wrapped Bitcoin is climbing, while Sommelier is falling this week. The current WBTC to SOMM conversion rate is 180,551,890.94. Inversely, this means that if you convert 1 SOMM you will get 0.000000005539 WBTC. The conversion rate of WBTC/SOMM has increased by 0.33% in the last hour (SOMM/WBTC decreased by 0.33%). In the last 24 hours, WBTC/SOMM grew by 2.03%, while SOMM/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 180,551,890.94 SOMM. In other words, to buy 5 Wrapped Bitcoin, it would cost you 902,759,454.70 SOMM. Inversely, 1 SOMM would allow you to trade for 0.000000005539 WBTC while 50 SOMM would convert to 0.0000002769 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.64%. Meanwhile, in the last 24 hours, the rate has changed by 1.99%, which means that the highest exchange rate of 1 WBTC to SOMM was 192,522,299.01 SOMM and the lowest 24 hour value was 1 WBTC for 169,286,957.85 SOMM. Last month, 1 WBTC was worth 103,020,722.68 SOMM. Today, it's up 42.94%. Looking back a year, Wrapped Bitcoin has changed by 103,840,027.18 SOMM. That means that in a single year, the value of Wrapped Bitcoin has grown by 42.49%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
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
WBTC to SOMM values from Today at 4:09 pm
0.5 WBTC = 90,275,945.47 SOMM |
1 WBTC = 180,551,890.94 SOMM |
5 WBTC = 902,759,454.70 SOMM |
10 WBTC = 1,805,518,909.41 SOMM |
50 WBTC = 9,027,594,547.04 SOMM |
100 WBTC = 18,055,189,094.07 SOMM |
500 WBTC = 90,275,945,470.37 SOMM |
1,000 WBTC = 180,551,890,940.75 SOMM |
SOMM to WBTC values from Today at 4:09 pm
0.5 SOMM = 0.000000002769 WBTC |
1 SOMM = 0.000000005539 WBTC |
5 SOMM = 0.00000002769 WBTC |
10 SOMM = 0.00000005539 WBTC |
50 SOMM = 0.0000002769 WBTC |
100 SOMM = 0.0000005539 WBTC |
500 SOMM = 0.000002769 WBTC |
1,000 SOMM = 0.000005539 WBTC |
WBTC to SOMM over time
WBTC | Today | 24H 1.99% | 1M 42.94% | 1Y 42.49% |
|---|---|---|---|---|
0.5 WBTC | 90,275,945.47 SOMM | 88,475,004.06 SOMM | 51,510,361.34 SOMM | 51,920,013.59 SOMM |
1 WBTC | 180,551,890.94 SOMM | 176,950,008.11 SOMM | 103,020,722.68 SOMM | 103,840,027.18 SOMM |
5 WBTC | 902,759,454.70 SOMM | 884,750,040.55 SOMM | 515,103,613.42 SOMM | 519,200,135.90 SOMM |
10 WBTC | 1,805,518,909.41 SOMM | 1,769,500,081.10 SOMM | 1,030,207,226.85 SOMM | 1,038,400,271.80 SOMM |
50 WBTC | 9,027,594,547.04 SOMM | 8,847,500,405.52 SOMM | 5,151,036,134.24 SOMM | 5,192,001,359.02 SOMM |
100 WBTC | 18,055,189,094.07 SOMM | 17,695,000,811.04 SOMM | 10,302,072,268.48 SOMM | 10,384,002,718.04 SOMM |
500 WBTC | 90,275,945,470.37 SOMM | 88,475,004,055.20 SOMM | 51,510,361,342.40 SOMM | 51,920,013,590.19 SOMM |
1,000 WBTC | 180,551,890,940.75 SOMM | 176,950,008,110.40 SOMM | 103,020,722,684.81 SOMM | 103,840,027,180.37 SOMM |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $63,253.63.
Based on the current rate, you could get 0.00001581 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00007905 WBTC. Inversely, 5 WBTC will cost about $316,268.16
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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