About Sommelier
Sommelier is climbing this week. The current price of Sommelier is ERN 0.03777 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ERN 14,656,720.57. The amount of Sommelier traded has risen by ERN 51,236.65 in the last 24 hours, which is a 830.41% increase. Additionally, in the last day, ERN 6,170.05 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ERN 0.03777 ERN. In other words, to buy 5 Sommelier, it would cost you ERN 0.18885 ERN. Inversely, ERN 1.00 ERN would allow you to trade for 26.48 SOMM while ERN 50.00 ERN would convert to 1,323.78 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.41%. Meanwhile, in the last 24 hours, the rate has changed by 7.92%, which means that the highest exchange rate of 1 SOMM to ERN was ERN 0.00 ERN and the lowest 24 hour value was 1 SOMM for ERN∞ ERN. Last month, 1 SOMM was worth ERN 0.00 ERN. Today, it's down 40.91%. Looking back a year, Sommelier has changed by ERN 0.00 ERN. That means that in a single year, the value of Sommelier has shrank by 79.02%.
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
ERN to SOMM values from Today at 5:55 pm
ERN 0.50 ERN = 13.24 SOMM |
ERN 1.00 ERN = 26.48 SOMM |
ERN 5.00 ERN = 132.38 SOMM |
ERN 10.00 ERN = 264.76 SOMM |
ERN 50.00 ERN = 1,323.78 SOMM |
ERN 100.00 ERN = 2,647.56 SOMM |
ERN 500.00 ERN = 13,237.82 SOMM |
ERN 1,000.00 ERN = 26,475.65 SOMM |
SOMM to ERN values from Today at 5:55 pm
0.5 SOMM = ERN 0.01889 ERN |
1 SOMM = ERN 0.03777 ERN |
5 SOMM = ERN 0.1889 ERN |
10 SOMM = ERN 0.3777 ERN |
50 SOMM = ERN 1.89 ERN |
100 SOMM = ERN 3.78 ERN |
500 SOMM = ERN 18.89 ERN |
1,000 SOMM = ERN 37.77 ERN |
ERN to SOMM over time
ERN | Today | 24H -7.10% | 1M -7.10% | 1Y -7.10% |
|---|---|---|---|---|
0.5 ERN | 13.24 SOMM | 0.50 SOMM | 0.50 SOMM | 0.50 SOMM |
1 ERN | 26.48 SOMM | 1.00 SOMM | 1.00 SOMM | 1.00 SOMM |
5 ERN | 132.38 SOMM | 5.00 SOMM | 5.00 SOMM | 5.00 SOMM |
10 ERN | 264.76 SOMM | 10.00 SOMM | 10.00 SOMM | 10.00 SOMM |
50 ERN | 1,323.78 SOMM | 50.00 SOMM | 50.00 SOMM | 50.00 SOMM |
100 ERN | 2,647.56 SOMM | 100.00 SOMM | 100.00 SOMM | 100.00 SOMM |
500 ERN | 13,237.82 SOMM | 500.00 SOMM | 500.00 SOMM | 500.00 SOMM |
1,000 ERN | 26,475.65 SOMM | 1,000.00 SOMM | 1,000.00 SOMM | 1,000.00 SOMM |
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