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About BAL and SOMM
Balancer is falling, while Sommelier is climbing this week. The current BAL to SOMM conversion rate is 291.83. Inversely, this means that if you convert 1 SOMM you will get 0.003427 BAL. The conversion rate of BAL/SOMM has decreased by 0.43% in the last hour (SOMM/BAL increased by 0.43%). In the last 24 hours, BAL/SOMM shrunk by 10.72%, while SOMM/BAL grew by the same amount.
The exchange rate of Balancer is decreasing. The current value of 1 BAL is 291.83 SOMM. In other words, to buy 5 Balancer, it would cost you 1,459.16 SOMM. Inversely, 1 SOMM would allow you to trade for 0.003427 BAL while 50 SOMM would convert to 0.1713 BAL, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.53%. Meanwhile, in the last 24 hours, the rate has changed by 8.12%, and that the highest exchange rate of 1 BAL to SOMM was 325.22 SOMM and the lowest 24 hour value was 1 BAL for 282.43 SOMM. Last month, 1 BAL was worth 354.71 SOMM. Today, it's down 21.55%. Looking back a year, Balancer has changed by 659.24 SOMM. That means that in a single year, the value of Balancer has shrank by 125.9%.
Balancer Market Stats
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
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
BAL to SOMM values from Today at 5:25 pm
0.5 BAL = 145.92 SOMM |
1 BAL = 291.83 SOMM |
5 BAL = 1,459.16 SOMM |
10 BAL = 2,918.32 SOMM |
50 BAL = 14,591.60 SOMM |
100 BAL = 29,183.19 SOMM |
500 BAL = 145,915.96 SOMM |
1,000 BAL = 291,831.91 SOMM |
SOMM to BAL values from Today at 5:25 pm
0.5 SOMM = 0.001713 BAL |
1 SOMM = 0.003427 BAL |
5 SOMM = 0.01713 BAL |
10 SOMM = 0.03427 BAL |
50 SOMM = 0.1713 BAL |
100 SOMM = 0.3427 BAL |
500 SOMM = 1.71 BAL |
1,000 SOMM = 3.43 BAL |
BAL to SOMM over time
BAL | Today | 24H -8.12% | 1M -21.55% | 1Y -125.90% |
|---|---|---|---|---|
0.5 BAL | 145.92 SOMM | 157.77 SOMM | 177.35 SOMM | 329.62 SOMM |
1 BAL | 291.83 SOMM | 315.54 SOMM | 354.71 SOMM | 659.24 SOMM |
5 BAL | 1,459.16 SOMM | 1,577.68 SOMM | 1,773.55 SOMM | 3,296.19 SOMM |
10 BAL | 2,918.32 SOMM | 3,155.36 SOMM | 3,547.09 SOMM | 6,592.37 SOMM |
50 BAL | 14,591.60 SOMM | 15,776.80 SOMM | 17,735.45 SOMM | 32,961.86 SOMM |
100 BAL | 29,183.19 SOMM | 31,553.60 SOMM | 35,470.90 SOMM | 65,923.72 SOMM |
500 BAL | 145,915.96 SOMM | 157,767.99 SOMM | 177,354.52 SOMM | 329,618.58 SOMM |
1,000 BAL | 291,831.91 SOMM | 315,535.98 SOMM | 354,709.04 SOMM | 659,237.16 SOMM |
Frequently asked questions
Right now, 1 Balancer is worth about €0.09573.
Based on the current rate, you could get 10.45 BAL for 1 EUR.
Balancer price has been declining. Since yesterday, the exchange rate of Balancer has decreased. Since last month, the exchange rate of Balancer has increased. Since this time last year, the price of Balancer has decreased.
You can use our BAL to EUR calculator at the top of this page to convert any amount of BAL to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 52.23 BAL. Inversely, 5 BAL will cost about €0.4786
Balancer is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Balancer.
There are a number of crypto assets that have the a similar or comparable market cap to Balancer, including Microsoft Tokenized Stock (Ondo), KGST, and OPINION. For a more robust list of assets to explore, jump to the asset page dedicated to Balancer.
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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.