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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 COTI
Sommelier is falling, while COTI is climbing this week. The current SOMM to COTI conversion rate is 0.01896. Inversely, this means that if you convert 1 COTI you will get 52.74 SOMM. The conversion rate of SOMM/COTI has decreased by 6.87% in the last hour (COTI/SOMM increased by 6.87%). In the last 24 hours, SOMM/COTI shrunk by 35.44%, while COTI/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.01896 COTI. In other words, to buy 5 Sommelier, it would cost you 0.09481 COTI. Inversely, 1 COTI would allow you to trade for 52.74 SOMM while 50 COTI would convert to 2,636.89 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 109.48%. Meanwhile, in the last 24 hours, the rate has changed by 32.85%, and that the highest exchange rate of 1 SOMM to COTI was 0.02913 COTI and the lowest 24 hour value was 1 SOMM for 0.01778 COTI. Last month, 1 SOMM was worth 0.05691 COTI. Today, it's down 200.13%. Looking back a year, Sommelier has changed by 0.01743 COTI. That means that in a single year, the value of Sommelier has grown by 8.08%.
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.
COTI Market Stats
COTI is a token that powers Coti, a project that describes itself as a “DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable coins.” Coti uses Trustchain, a decentralized ledger that can process over 100,000 transactions per second, to power online and offline payments, loyalty payments, stablecoins, and more. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).
Conversion tables
SOMM to COTI values from Today at 1:37 pm
0.5 SOMM = 0.009481 COTI |
1 SOMM = 0.01896 COTI |
5 SOMM = 0.09481 COTI |
10 SOMM = 0.1896 COTI |
50 SOMM = 0.9481 COTI |
100 SOMM = 1.90 COTI |
500 SOMM = 9.48 COTI |
1,000 SOMM = 18.96 COTI |
COTI to SOMM values from Today at 1:38 pm
0.5 COTI = 26.37 SOMM |
1 COTI = 52.74 SOMM |
5 COTI = 263.69 SOMM |
10 COTI = 527.38 SOMM |
50 COTI = 2,636.89 SOMM |
100 COTI = 5,273.79 SOMM |
500 COTI = 26,368.94 SOMM |
1,000 COTI = 52,737.88 SOMM |
SOMM to COTI over time
SOMM | Today | 24H -32.85% | 1M -200.13% | 1Y 8.08% |
|---|---|---|---|---|
0.5 SOMM | 0.009481 COTI | 0.0126 COTI | 0.02845 COTI | 0.008715 COTI |
1 SOMM | 0.01896 COTI | 0.02519 COTI | 0.05691 COTI | 0.01743 COTI |
5 SOMM | 0.09481 COTI | 0.126 COTI | 0.2845 COTI | 0.08715 COTI |
10 SOMM | 0.1896 COTI | 0.2519 COTI | 0.5691 COTI | 0.1743 COTI |
50 SOMM | 0.9481 COTI | 1.26 COTI | 2.85 COTI | 0.8715 COTI |
100 SOMM | 1.90 COTI | 2.52 COTI | 5.69 COTI | 1.74 COTI |
500 SOMM | 9.48 COTI | 12.60 COTI | 28.45 COTI | 8.72 COTI |
1,000 SOMM | 18.96 COTI | 25.19 COTI | 56.91 COTI | 17.43 COTI |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0004113.
Based on the current rate, you could get 2,431.36 SOMM for 1 CAD.
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 decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to CAD calculator at the top of this page to convert any amount of SOMM to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 12,156.78 SOMM. Inversely, 5 SOMM will cost about CA$0.002056
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 Phuture, VolatilityX, and Pundi X (Old). 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.