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About DEEP and SOMM
DeepBook is falling, while Sommelier is climbing this week. The current DEEP to SOMM conversion rate is 60.94. Inversely, this means that if you convert 1 SOMM you will get 0.01641 DEEP. The conversion rate of DEEP/SOMM has increased by 0.39% in the last hour (SOMM/DEEP decreased by 0.38%). In the last 24 hours, DEEP/SOMM shrunk by 0.31%, while SOMM/DEEP grew by 0.31%.
The exchange rate of DeepBook is decreasing. The current value of 1 DEEP is 60.94 SOMM. In other words, to buy 5 DeepBook, it would cost you 304.72 SOMM. Inversely, 1 SOMM would allow you to trade for 0.01641 DEEP while 50 SOMM would convert to 0.8204 DEEP, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 12.55%. Meanwhile, in the last 24 hours, the rate has changed by 1.25%, and that the highest exchange rate of 1 DEEP to SOMM was 63.14 SOMM and the lowest 24 hour value was 1 DEEP for 60.66 SOMM. Last month, 1 DEEP was worth 68.18 SOMM. Today, it's down 10.61%. Looking back a year, DeepBook has changed by 0.00 SOMM. That means that in a single year, the value of DeepBook has grown by 0%.
DeepBook Market Stats
DeepBook Protocol is a decentralized central limit order book and foundational liquidity layer built natively on the Sui blockchain to provide institutional-grade trading infrastructure. The DEEP token is used to pay for trading and pool creation fees, provide liquidity incentives through maker rebates, and enable pool-level governance.
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
DEEP to SOMM values from Today at 11:15 pm
0.5 DEEP = 30.47 SOMM |
1 DEEP = 60.94 SOMM |
5 DEEP = 304.72 SOMM |
10 DEEP = 609.44 SOMM |
50 DEEP = 3,047.22 SOMM |
100 DEEP = 6,094.44 SOMM |
500 DEEP = 30,472.18 SOMM |
1,000 DEEP = 60,944.36 SOMM |
SOMM to DEEP values from Today at 11:14 pm
0.5 SOMM = 0.008204 DEEP |
1 SOMM = 0.01641 DEEP |
5 SOMM = 0.08204 DEEP |
10 SOMM = 0.1641 DEEP |
50 SOMM = 0.8204 DEEP |
100 SOMM = 1.64 DEEP |
500 SOMM = 8.20 DEEP |
1,000 SOMM = 16.41 DEEP |
DEEP to SOMM over time
DEEP | Today | 24H -1.27% | 1M -11.87% | 1Y 100.00% |
|---|---|---|---|---|
0.5 DEEP | 30.47 SOMM | 30.86 SOMM | 34.09 SOMM | 0.00 SOMM |
1 DEEP | 60.94 SOMM | 61.72 SOMM | 68.18 SOMM | 0.00 SOMM |
5 DEEP | 304.72 SOMM | 308.59 SOMM | 340.91 SOMM | 0.00 SOMM |
10 DEEP | 609.44 SOMM | 617.18 SOMM | 681.81 SOMM | 0.00 SOMM |
50 DEEP | 3,047.22 SOMM | 3,085.92 SOMM | 3,409.06 SOMM | 0.00 SOMM |
100 DEEP | 6,094.44 SOMM | 6,171.83 SOMM | 6,818.12 SOMM | 0.00 SOMM |
500 DEEP | 30,472.18 SOMM | 30,859.15 SOMM | 34,090.58 SOMM | 0.00 SOMM |
1,000 DEEP | 60,944.36 SOMM | 61,718.31 SOMM | 68,181.16 SOMM | 0.00 SOMM |
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