Convert Maldivian Rufiyaa MVR to Sommelier SOMM
MVR to SOMM: 1 Maldivian Rufiyaa converts to 226.30 SOMM
About Sommelier
Sommelier is climbing this week. The current price of Sommelier is MVR 0.004419 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MVR 1,656,217.50. The amount of Sommelier traded has risen by MVR 5.79 in the last 24 hours, which is a 7.09% increase. Additionally, in the last day, MVR 81.78 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is MVR 0.004419 MVR. In other words, to buy 5 Sommelier, it would cost you MVR 0.022095 MVR. Inversely, MVR 1.00 MVR would allow you to trade for 226.30 SOMM while MVR 50.00 MVR would convert to 11,314.84 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 21.39%. Meanwhile, in the last 24 hours, the rate has changed by 1.77%, and that the highest exchange rate of 1 SOMM to MVR was MVR 0.004482 MVR and the lowest 24 hour value was 1 SOMM for MVR 0.004304 MVR. Last month, 1 SOMM was worth MVR 0.005361 MVR. Today, it's down 13.43%. Looking back a year, Sommelier has changed by MVR 0.01653 MVR. That means that in a single year, the value of Sommelier has shrank by 73.08%.
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.
Conversion tables
MVR to SOMM values from Today at
MVR 0.50 MVR = 113.15 SOMM |
MVR 1.00 MVR = 226.30 SOMM |
MVR 5.00 MVR = 1,131.48 SOMM |
MVR 10.00 MVR = 2,262.97 SOMM |
MVR 50.00 MVR = 11,314.84 SOMM |
MVR 100.00 MVR = 22,629.68 SOMM |
MVR 500.00 MVR = 113,148.41 SOMM |
MVR 1,000.00 MVR = 226,296.81 SOMM |
SOMM to MVR values from Today at 5:05 pm
0.5 SOMM = MVR 0.002209 MVR |
1 SOMM = MVR 0.004419 MVR |
5 SOMM = MVR 0.02209 MVR |
10 SOMM = MVR 0.04419 MVR |
50 SOMM = MVR 0.2209 MVR |
100 SOMM = MVR 0.4419 MVR |
500 SOMM = MVR 2.21 MVR |
1,000 SOMM = MVR 4.42 MVR |
MVR to SOMM over time
MVR | Today | 24H -22,794.96% | 1M -18,653.71% | 1Y -6,050.17% |
|---|---|---|---|---|
0.5 MVR | 113.15 SOMM | 113.97 SOMM | 93.27 SOMM | 30.25 SOMM |
1 MVR | 226.30 SOMM | 227.95 SOMM | 186.54 SOMM | 60.50 SOMM |
5 MVR | 1,131.48 SOMM | 1,139.75 SOMM | 932.69 SOMM | 302.51 SOMM |
10 MVR | 2,262.97 SOMM | 2,279.50 SOMM | 1,865.37 SOMM | 605.02 SOMM |
50 MVR | 11,314.84 SOMM | 11,397.48 SOMM | 9,326.85 SOMM | 3,025.09 SOMM |
100 MVR | 22,629.68 SOMM | 22,794.96 SOMM | 18,653.71 SOMM | 6,050.17 SOMM |
500 MVR | 113,148.41 SOMM | 113,974.81 SOMM | 93,268.53 SOMM | 30,250.87 SOMM |
1,000 MVR | 226,296.81 SOMM | 227,949.61 SOMM | 186,537.05 SOMM | 60,501.74 SOMM |
Frequently asked questions
Right now, 1 Sommelier is worth about MVR 0.004419.
Based on the current rate, you could get 226.30 SOMM for 1 MVR.
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 MVR calculator at the top of this page to convert any amount of SOMM to MVR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MVR is equivalent to 1,131.48 SOMM. Inversely, 5 SOMM will cost about MVR 0.02209
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, Safuu, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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