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About SOMM and USDC
Sommelier is falling, while USDC is climbing this week. The current SOMM to USDC conversion rate is 0.0003574. Inversely, this means that if you convert 1 USDC you will get 2,797.90 SOMM. The conversion rate of SOMM/USDC has increased by 0.79% in the last hour (USDC/SOMM decreased by 0.79%). In the last 24 hours, SOMM/USDC shrunk by 3.91%, while USDC/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0003574 USDC. In other words, to buy 5 Sommelier, it would cost you 0.0017871 USDC. Inversely, 1 USDC would allow you to trade for 2,797.90 SOMM while 50 USDC would convert to 139,894.77 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 18.72%. Meanwhile, in the last 24 hours, the rate has changed by 4.9%, which means that the highest exchange rate of 1 SOMM to USDC was 0.0003777 USDC and the lowest 24 hour value was 1 SOMM for 0.0003154 USDC. Last month, 1 SOMM was worth 0.0003023 USDC. Today, it's up 15.42%. Looking back a year, Sommelier has changed by 0.001149 USDC. That means that in a single year, the value of Sommelier has shrank by 221.42%.
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.
USDC Market Stats
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
Conversion tables
SOMM to USDC values from Today at 6:11 pm
0.5 SOMM = 0.0001787 USDC |
1 SOMM = 0.0003574 USDC |
5 SOMM = 0.001787 USDC |
10 SOMM = 0.003574 USDC |
50 SOMM = 0.01787 USDC |
100 SOMM = 0.03574 USDC |
500 SOMM = 0.1787 USDC |
1,000 SOMM = 0.3574 USDC |
USDC to SOMM values from Today at 5:59 pm
0.5 USDC = 1,398.95 SOMM |
1 USDC = 2,797.90 SOMM |
5 USDC = 13,989.48 SOMM |
10 USDC = 27,978.95 SOMM |
50 USDC = 139,894.77 SOMM |
100 USDC = 279,789.54 SOMM |
500 USDC = 1,398,947.72 SOMM |
1,000 USDC = 2,797,895.45 SOMM |
SOMM to USDC over time
SOMM | Today | 24H -4.90% | 1M 15.42% | 1Y -221.42% |
|---|---|---|---|---|
0.5 SOMM | 0.0001787 USDC | 0.0001875 USDC | 0.0001511 USDC | 0.0005744 USDC |
1 SOMM | 0.0003574 USDC | 0.0003749 USDC | 0.0003023 USDC | 0.001149 USDC |
5 SOMM | 0.001787 USDC | 0.001875 USDC | 0.001511 USDC | 0.005744 USDC |
10 SOMM | 0.003574 USDC | 0.003749 USDC | 0.003023 USDC | 0.01149 USDC |
50 SOMM | 0.01787 USDC | 0.01875 USDC | 0.01511 USDC | 0.05744 USDC |
100 SOMM | 0.03574 USDC | 0.03749 USDC | 0.03023 USDC | 0.1149 USDC |
500 SOMM | 0.1787 USDC | 0.1875 USDC | 0.1511 USDC | 0.5744 USDC |
1,000 SOMM | 0.3574 USDC | 0.3749 USDC | 0.3023 USDC | 1.15 USDC |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0004957.
Based on the current rate, you could get 2,017.23 SOMM for 1 CAD.
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 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 10,086.14 SOMM. Inversely, 5 SOMM will cost about CA$0.002479
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
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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.