Convert Sommelier SOMM to Optimism OP

SOMM to OP: 1 Sommelier converts to 0.003977 OP

Buy Optimism

Earn up to $2,000 when you buy $50 in crypto

Earn free crypto after making your first purchase. Terms apply.

About SOMM and OP

Sommelier is climbing, while Optimism is falling this week. The current SOMM to OP conversion rate is 0.003977. Inversely, this means that if you convert 1 OP you will get 251.43 SOMM. The conversion rate of SOMM/OP has increased by 0.14% in the last hour (OP/SOMM decreased by 0.14%). In the last 24 hours, SOMM/OP grew by 5.51%, while OP/SOMM shrunk by the same amount.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.003977 OP. In other words, to buy 5 Sommelier, it would cost you 0.019887 OP. Inversely, 1 OP would allow you to trade for 251.43 SOMM while 50 OP would convert to 12,571.25 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 0.47%. Meanwhile, in the last 24 hours, the rate has changed by 5%, which means that the highest exchange rate of 1 SOMM to OP was 0.00399 OP and the lowest 24 hour value was 1 SOMM for 0.003777 OP. Last month, 1 SOMM was worth 0.003082 OP. Today, it's up 22.52%. Looking back a year, Sommelier has changed by 0.00174 OP. That means that in a single year, the value of Sommelier has grown by 56.26%.

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.

CA$0.0004819Price
CA$181.04KMarket cap
CA$5.74Volume (24h)
374.8M SOMMCir. Supply

Optimism Market Stats

Optimism is a network of chains called the Superchain, built on the open-source OP Stack. OP Mainnet was the first chain, with several others now operating on the OP Stack architecture, including Base (by Coinbase), Unichain (by Uniswap), Ink (by Kraken), and World Chain (by Worldcoin). The OP Stack serves as a framework for Ethereum Layer 2 chains and supports significant L2 activity. Every OP Chain in the Superchain contributes back to the Optimism Collective and all chains follow a standardized revenue-sharing model: the greater of 2.5% of total chain revenue or 15% of onchain profit (defined as fees minus L1 gas costs) is paid back to the Optimism. By aligning economic incentives across many chains, Optimism aims to transform Ethereum scaling into a sustainable flywheel by delivering fast, low-cost transactions while reinvesting in the future of the ecosystem. OP holders participate in governance to shape protocol upgrades, funding decisions, and more

CA$0.1212Price
CA$277.14MMarket cap
CA$34.93MVolume (24h)
2.3B OPCir. Supply

Conversion tables

SOMM to OP values from Today at 9:30 pm

0.5 SOMM = 0.001989 OP
1 SOMM = 0.003977 OP
5 SOMM = 0.01989 OP
10 SOMM = 0.03977 OP
50 SOMM = 0.1989 OP
100 SOMM = 0.3977 OP
500 SOMM = 1.99 OP
1,000 SOMM = 3.98 OP

OP to SOMM values from Today at 9:32 pm

0.5 OP = 125.71 SOMM
1 OP = 251.43 SOMM
5 OP = 1,257.13 SOMM
10 OP = 2,514.25 SOMM
50 OP = 12,571.25 SOMM
100 OP = 25,142.51 SOMM
500 OP = 125,712.55 SOMM
1,000 OP = 251,425.10 SOMM

SOMM to OP over time

SOMM
Today
24H
5.00%
1M
22.52%
1Y
56.26%
0.5 SOMM
0.001989 OP
0.001889 OP
0.001541 OP
0.0008699 OP
1 SOMM
0.003977 OP
0.003778 OP
0.003082 OP
0.00174 OP
5 SOMM
0.01989 OP
0.01889 OP
0.01541 OP
0.008699 OP
10 SOMM
0.03977 OP
0.03778 OP
0.03082 OP
0.0174 OP
50 SOMM
0.1989 OP
0.1889 OP
0.1541 OP
0.08699 OP
100 SOMM
0.3977 OP
0.3778 OP
0.3082 OP
0.174 OP
500 SOMM
1.99 OP
1.89 OP
1.54 OP
0.8699 OP
1,000 SOMM
3.98 OP
3.78 OP
3.08 OP
1.74 OP

Frequently asked questions

Right now, 1 Sommelier is worth about CA$0.0004819.

Based on the current rate, you could get 2,075.23 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 increased. 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 10,376.15 SOMM. Inversely, 5 SOMM will cost about CA$0.002409

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

Buy Sommelier with Coinbase

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.