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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 CAP
Sommelier is climbing, while Cap is falling this week. The current SOMM to CAP conversion rate is 0.005723. Inversely, this means that if you convert 1 CAP you will get 174.73 SOMM. The conversion rate of SOMM/CAP has decreased by 1.33% in the last hour (CAP/SOMM increased by 1.33%). In the last 24 hours, SOMM/CAP grew by 4.7%, while CAP/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.005723 CAP. In other words, to buy 5 Sommelier, it would cost you 0.028615 CAP. Inversely, 1 CAP would allow you to trade for 174.73 SOMM while 50 CAP would convert to 8,736.64 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.15%. Meanwhile, in the last 24 hours, the rate has changed by 2.98%, which means that the highest exchange rate of 1 SOMM to CAP was 0.006057 CAP and the lowest 24 hour value was 1 SOMM for 0.005435 CAP. Last month, 1 SOMM was worth 0.01538 CAP. Today, it's down 168.82%. Looking back a year, Sommelier has changed by ∞ CAP. 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.
Cap Market Stats
Cap is a decentralized finance protocol focused on cryptocurrency trading with leverage and zero slippage. The $CAP token is used for staking and governance within the platform.
Conversion tables
SOMM to CAP values from Today at 5:14 am
0.5 SOMM = 0.002862 CAP |
1 SOMM = 0.005723 CAP |
5 SOMM = 0.02862 CAP |
10 SOMM = 0.05723 CAP |
50 SOMM = 0.2862 CAP |
100 SOMM = 0.5723 CAP |
500 SOMM = 2.86 CAP |
1,000 SOMM = 5.72 CAP |
CAP to SOMM values from Today at 5:16 am
0.5 CAP = 87.37 SOMM |
1 CAP = 174.73 SOMM |
5 CAP = 873.66 SOMM |
10 CAP = 1,747.33 SOMM |
50 CAP = 8,736.64 SOMM |
100 CAP = 17,473.29 SOMM |
500 CAP = 87,366.45 SOMM |
1,000 CAP = 174,732.90 SOMM |
SOMM to CAP over time
SOMM | Today | 24H 2.98% | 1M -168.82% | 1Y 71.45% |
|---|---|---|---|---|
0.5 SOMM | 0.002862 CAP | 0.002776 CAP | 0.007692 CAP | 0.000817 CAP |
1 SOMM | 0.005723 CAP | 0.005553 CAP | 0.01538 CAP | 0.001634 CAP |
5 SOMM | 0.02862 CAP | 0.02776 CAP | 0.07692 CAP | 0.00817 CAP |
10 SOMM | 0.05723 CAP | 0.05553 CAP | 0.1538 CAP | 0.01634 CAP |
50 SOMM | 0.2862 CAP | 0.2776 CAP | 0.7692 CAP | 0.0817 CAP |
100 SOMM | 0.5723 CAP | 0.5553 CAP | 1.54 CAP | 0.1634 CAP |
500 SOMM | 2.86 CAP | 2.78 CAP | 7.69 CAP | 0.817 CAP |
1,000 SOMM | 5.72 CAP | 5.55 CAP | 15.38 CAP | 1.63 CAP |
Frequently asked questions
Right now, 1 Sommelier is worth about A$0.000549.
Based on the current rate, you could get 1,821.59 SOMM for 1 AUD.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. 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 AUD calculator at the top of this page to convert any amount of SOMM to AUD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 AUD is equivalent to 9,107.93 SOMM. Inversely, 5 SOMM will cost about A$0.002745
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 Swaperry, OpenOcean, and Game Fantasy Token. 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.