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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 SPA and SOMM
Sperax is climbing, while Sommelier is falling this week. The current SPA to SOMM conversion rate is 7.28. Inversely, this means that if you convert 1 SOMM you will get 0.1374 SPA. The conversion rate of SPA/SOMM has increased by 0.11% in the last hour (SOMM/SPA decreased by 0.11%). In the last 24 hours, SPA/SOMM grew by 1.63%, while SOMM/SPA shrunk by the same amount.
The exchange rate of Sperax is increasing. The current value of 1 SPA is 7.28 SOMM. In other words, to buy 5 Sperax, it would cost you 36.40 SOMM. Inversely, 1 SOMM would allow you to trade for 0.1374 SPA while 50 SOMM would convert to 6.87 SPA, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.45%. Meanwhile, in the last 24 hours, the rate has changed by 1.4%, which means that the highest exchange rate of 1 SPA to SOMM was 7.51 SOMM and the lowest 24 hour value was 1 SPA for 6.99 SOMM. Last month, 1 SPA was worth 5.04 SOMM. Today, it's up 30.71%. Looking back a year, Sperax has changed by 16.35 SOMM. That means that in a single year, the value of Sperax has shrank by 124.54%.
Sperax Market Stats
SPA is the governance token of the Sperax ecosystem. Sperax is a DeFi protocol built on Arbitrum that mints Sperax USD - a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO. Sperax ecosystem is governed by community of SPA stakers or veSPA holders, who make up Sperax DAO.
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.
Conversion tables
SPA to SOMM values from Today at 7:15 pm
0.5 SPA = 3.64 SOMM |
1 SPA = 7.28 SOMM |
5 SPA = 36.40 SOMM |
10 SPA = 72.79 SOMM |
50 SPA = 363.97 SOMM |
100 SPA = 727.93 SOMM |
500 SPA = 3,639.66 SOMM |
1,000 SPA = 7,279.31 SOMM |
SOMM to SPA values from Today at 7:12 pm
0.5 SOMM = 0.06869 SPA |
1 SOMM = 0.1374 SPA |
5 SOMM = 0.6869 SPA |
10 SOMM = 1.37 SPA |
50 SOMM = 6.87 SPA |
100 SOMM = 13.74 SPA |
500 SOMM = 68.69 SPA |
1,000 SOMM = 137.38 SPA |
SPA to SOMM over time
SPA | Today | 24H 1.40% | 1M 30.71% | 1Y -124.54% |
|---|---|---|---|---|
0.5 SPA | 3.64 SOMM | 3.59 SOMM | 2.52 SOMM | 8.17 SOMM |
1 SPA | 7.28 SOMM | 7.18 SOMM | 5.04 SOMM | 16.35 SOMM |
5 SPA | 36.40 SOMM | 35.89 SOMM | 25.22 SOMM | 81.73 SOMM |
10 SPA | 72.79 SOMM | 71.77 SOMM | 50.44 SOMM | 163.45 SOMM |
50 SPA | 363.97 SOMM | 358.86 SOMM | 252.19 SOMM | 817.26 SOMM |
100 SPA | 727.93 SOMM | 717.73 SOMM | 504.38 SOMM | 1,634.52 SOMM |
500 SPA | 3,639.66 SOMM | 3,588.63 SOMM | 2,521.91 SOMM | 8,172.60 SOMM |
1,000 SPA | 7,279.31 SOMM | 7,177.25 SOMM | 5,043.82 SOMM | 16,345.20 SOMM |
Frequently asked questions
Right now, 1 Sperax is worth about CA$0.003075.
Based on the current rate, you could get 325.20 SPA for 1 CAD.
Sperax price has been on the rise. Since yesterday, the exchange rate of Sperax has increased. Since last month, the exchange rate of Sperax has decreased. Since this time last year, the price of Sperax has decreased.
You can use our SPA to CAD calculator at the top of this page to convert any amount of SPA to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 1,625.99 SPA. Inversely, 5 SPA will cost about CA$0.01538
Sperax is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Sperax.
There are a number of crypto assets that have the a similar or comparable market cap to Sperax, including Neon EVM, Marvell Tokenized Stock (Reality), and AIVille Governance Token. For a more robust list of assets to explore, jump to the asset page dedicated to Sperax.
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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.