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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 SOMM and ATOM
Sommelier is climbing, while Cosmos is falling this week. The current SOMM to ATOM conversion rate is 0.0002269. Inversely, this means that if you convert 1 ATOM you will get 4,406.89 SOMM. The conversion rate of SOMM/ATOM has increased by 0.77% in the last hour (ATOM/SOMM decreased by 0.77%). In the last 24 hours, SOMM/ATOM grew by 5.77%, while ATOM/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0002269 ATOM. In other words, to buy 5 Sommelier, it would cost you 0.0011346 ATOM. Inversely, 1 ATOM would allow you to trade for 4,406.89 SOMM while 50 ATOM would convert to 220,344.53 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.66%. Meanwhile, in the last 24 hours, the rate has changed by 5.26%, which means that the highest exchange rate of 1 SOMM to ATOM was 0.0002275 ATOM and the lowest 24 hour value was 1 SOMM for 0.0002123 ATOM. Last month, 1 SOMM was worth 0.0002357 ATOM. Today, it's down 3.88%. Looking back a year, Sommelier has changed by 0.0003878 ATOM. That means that in a single year, the value of Sommelier has shrank by 70.92%.
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.
Cosmos Market Stats
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. ATOM holders can stake their tokens in order to maintain the network and receive more ATOM as a reward.
Conversion tables
SOMM to ATOM values from Today at 11:51 am
0.5 SOMM = 0.0001135 ATOM |
1 SOMM = 0.0002269 ATOM |
5 SOMM = 0.001135 ATOM |
10 SOMM = 0.002269 ATOM |
50 SOMM = 0.01135 ATOM |
100 SOMM = 0.02269 ATOM |
500 SOMM = 0.1135 ATOM |
1,000 SOMM = 0.2269 ATOM |
ATOM to SOMM values from Today at 11:35 am
0.5 ATOM = 2,203.45 SOMM |
1 ATOM = 4,406.89 SOMM |
5 ATOM = 22,034.45 SOMM |
10 ATOM = 44,068.91 SOMM |
50 ATOM = 220,344.53 SOMM |
100 ATOM = 440,689.07 SOMM |
500 ATOM = 2,203,445.33 SOMM |
1,000 ATOM = 4,406,890.66 SOMM |
SOMM to ATOM over time
SOMM | Today | 24H 5.26% | 1M -3.88% | 1Y -70.92% |
|---|---|---|---|---|
0.5 SOMM | 0.0001135 ATOM | 0.0001075 ATOM | 0.0001179 ATOM | 0.0001939 ATOM |
1 SOMM | 0.0002269 ATOM | 0.000215 ATOM | 0.0002357 ATOM | 0.0003878 ATOM |
5 SOMM | 0.001135 ATOM | 0.001075 ATOM | 0.001179 ATOM | 0.001939 ATOM |
10 SOMM | 0.002269 ATOM | 0.00215 ATOM | 0.002357 ATOM | 0.003878 ATOM |
50 SOMM | 0.01135 ATOM | 0.01075 ATOM | 0.01179 ATOM | 0.01939 ATOM |
100 SOMM | 0.02269 ATOM | 0.0215 ATOM | 0.02357 ATOM | 0.03878 ATOM |
500 SOMM | 0.1135 ATOM | 0.1075 ATOM | 0.1179 ATOM | 0.1939 ATOM |
1,000 SOMM | 0.2269 ATOM | 0.215 ATOM | 0.2357 ATOM | 0.3878 ATOM |
Frequently asked questions
Right now, 1 Sommelier is worth about €0.0003092.
Based on the current rate, you could get 3,233.70 SOMM for 1 EUR.
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 EUR calculator at the top of this page to convert any amount of SOMM to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 16,168.52 SOMM. Inversely, 5 SOMM will cost about €0.001546
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 Ecoin Finance, THECAT, and Arbidex. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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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.