Convert Sommelier SOMM to Japanese Yen JPY

SOMM to JPY: 1 Sommelier converts to ¥0.05417 JPY as of August 23 at 8:52 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is ¥0.05417 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ¥20,303,644.81. The amount of Sommelier traded has risen by ¥12,299 in the last 24 hours, which is a 105.01% increase. Additionally, in the last day, ¥11,712 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ¥0.05417 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.27085 JPY. Inversely, ¥1 JPY would allow you to trade for 18.46 SOMM while ¥50 JPY would convert to 923.02 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 14.47%. Meanwhile, in the last 24 hours, the rate has changed by 7.23%, which means that the highest exchange rate of 1 SOMM to JPY was ¥0.05906 JPY and the lowest 24 hour value was 1 SOMM for ¥0.05163 JPY. Last month, 1 SOMM was worth ¥0.04894 JPY. Today, it's up 15.24%. Looking back a year, Sommelier has changed by ¥0.1531 JPY. That means that in a single year, the value of Sommelier has shrank by 66.87%.

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.

¥0.05417Price
¥20.3MMarket cap
¥11.71KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to JPY values from Today at 8:52 pm

0.5 SOMM = ¥0.02709 JPY
1 SOMM = ¥0.05417 JPY
5 SOMM = ¥0.2709 JPY
10 SOMM = ¥0.5417 JPY
50 SOMM = ¥2.71 JPY
100 SOMM = ¥5.42 JPY
500 SOMM = ¥27.09 JPY
1,000 SOMM = ¥54.17 JPY

JPY to SOMM values from Today at

¥1 JPY = 9.23 SOMM
¥1 JPY = 18.46 SOMM
¥5 JPY = 92.30 SOMM
¥10 JPY = 184.60 SOMM
¥50 JPY = 923.02 SOMM
¥100 JPY = 1,846.03 SOMM
¥500 JPY = 9,230.17 SOMM
¥1,000 JPY = 18,460.33 SOMM

SOMM to JPY over time

SOMM
Today
24H
-9.02%
1M
9.65%
1Y
-182.55%
0.5 SOMM
¥0.02709 JPY
¥0.02953 JPY
¥0.02447 JPY
¥0.07653 JPY
1 SOMM
¥0.05417 JPY
¥0.05906 JPY
¥0.04894 JPY
¥0.1531 JPY
5 SOMM
¥0.2709 JPY
¥0.2953 JPY
¥0.2447 JPY
¥0.7653 JPY
10 SOMM
¥0.5417 JPY
¥0.5906 JPY
¥0.4894 JPY
¥1.53 JPY
50 SOMM
¥2.71 JPY
¥2.95 JPY
¥2.45 JPY
¥7.65 JPY
100 SOMM
¥5.42 JPY
¥5.91 JPY
¥4.89 JPY
¥15.31 JPY
500 SOMM
¥27.09 JPY
¥29.53 JPY
¥24.47 JPY
¥76.53 JPY
1,000 SOMM
¥54.17 JPY
¥59.06 JPY
¥48.94 JPY
¥153.06 JPY

Frequently asked questions

Right now, 1 Sommelier is worth about ¥0.05417.

Based on the current rate, you could get 18.46 SOMM for 1 JPY.

Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. 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 JPY calculator at the top of this page to convert any amount of SOMM to JPY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 JPY is equivalent to 92.30 SOMM. Inversely, 5 SOMM will cost about ¥0.2709

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 Sunny Side up, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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