Convert Sommelier SOMM to Japanese Yen JPY

SOMM to JPY: 1 Sommelier converts to ¥0.05932 JPY as of August 22 at 7:59 PM

¥
Buy Sommelier

Buy Sommelier with Coinbase Wallet

Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.

About Sommelier

Sommelier is falling this week. The current price of Sommelier is ¥0.05932 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ¥22,231,793.87. The amount of Sommelier traded has fallen by -¥4,740 in the last 24 hours, which is a 66.90% decrease. Additionally, in the last day, ¥7,085 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ¥0.05932 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.29659 JPY. Inversely, ¥1 JPY would allow you to trade for 16.86 SOMM while ¥50 JPY would convert to 842.91 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 45.21%. Meanwhile, in the last 24 hours, the rate has changed by 3.57%, which means that the highest exchange rate of 1 SOMM to JPY was ¥0.06408 JPY and the lowest 24 hour value was 1 SOMM for ¥0.05839 JPY. Last month, 1 SOMM was worth ¥0.0498 JPY. Today, it's up 23.04%. Looking back a year, Sommelier has changed by ¥0.1558 JPY. That means that in a single year, the value of Sommelier has shrank by 64.59%.

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.

¥0.05932Price
¥22.23MMarket cap
¥7.09KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to JPY values from Today at 7:59 pm

0.5 SOMM = ¥0.02966 JPY
1 SOMM = ¥0.05932 JPY
5 SOMM = ¥0.2966 JPY
10 SOMM = ¥0.5932 JPY
50 SOMM = ¥2.97 JPY
100 SOMM = ¥5.93 JPY
500 SOMM = ¥29.66 JPY
1,000 SOMM = ¥59.32 JPY

JPY to SOMM values from Today at

¥1 JPY = 8.43 SOMM
¥1 JPY = 16.86 SOMM
¥5 JPY = 84.29 SOMM
¥10 JPY = 168.58 SOMM
¥50 JPY = 842.91 SOMM
¥100 JPY = 1,685.81 SOMM
¥500 JPY = 8,429.06 SOMM
¥1,000 JPY = 16,858.11 SOMM

SOMM to JPY over time

SOMM
Today
24H
-4.33%
1M
16.05%
1Y
-162.71%
0.5 SOMM
¥0.02966 JPY
¥0.03094 JPY
¥0.0249 JPY
¥0.07792 JPY
1 SOMM
¥0.05932 JPY
¥0.06189 JPY
¥0.0498 JPY
¥0.1558 JPY
5 SOMM
¥0.2966 JPY
¥0.3094 JPY
¥0.249 JPY
¥0.7792 JPY
10 SOMM
¥0.5932 JPY
¥0.6189 JPY
¥0.498 JPY
¥1.56 JPY
50 SOMM
¥2.97 JPY
¥3.09 JPY
¥2.49 JPY
¥7.79 JPY
100 SOMM
¥5.93 JPY
¥6.19 JPY
¥4.98 JPY
¥15.58 JPY
500 SOMM
¥29.66 JPY
¥30.94 JPY
¥24.90 JPY
¥77.92 JPY
1,000 SOMM
¥59.32 JPY
¥61.89 JPY
¥49.80 JPY
¥155.84 JPY

Frequently asked questions

Right now, 1 Sommelier is worth about ¥0.05932.

Based on the current rate, you could get 16.86 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 84.29 SOMM. Inversely, 5 SOMM will cost about ¥0.2966

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

Buy Sommelier with Coinbase Wallet

Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.

Related conversions

Start your crypto portfolio today

Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.