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About SOMM and UMA
Sommelier is climbing, while UMA is falling this week. The current SOMM to UMA conversion rate is 0.0009985. Inversely, this means that if you convert 1 UMA you will get 1,001.47 SOMM. The conversion rate of SOMM/UMA has increased by 0.82% in the last hour (UMA/SOMM decreased by 0.82%). In the last 24 hours, SOMM/UMA grew by 8.08%, while UMA/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0009985 UMA. In other words, to buy 5 Sommelier, it would cost you 0.0049927 UMA. Inversely, 1 UMA would allow you to trade for 1,001.47 SOMM while 50 UMA would convert to 50,073.39 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.19%. Meanwhile, in the last 24 hours, the rate has changed by 7%, which means that the highest exchange rate of 1 SOMM to UMA was 0.001004 UMA and the lowest 24 hour value was 1 SOMM for 0.0009245 UMA. Last month, 1 SOMM was worth 0.001342 UMA. Today, it's down 34.35%. Looking back a year, Sommelier has changed by 0.002165 UMA. That means that in a single year, the value of Sommelier has shrank by 116.82%.
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.
UMA Market Stats
UMA is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
Conversion tables
SOMM to UMA values from Today at 7:43 pm
0.5 SOMM = 0.0004993 UMA |
1 SOMM = 0.0009985 UMA |
5 SOMM = 0.004993 UMA |
10 SOMM = 0.009985 UMA |
50 SOMM = 0.04993 UMA |
100 SOMM = 0.09985 UMA |
500 SOMM = 0.4993 UMA |
1,000 SOMM = 0.9985 UMA |
UMA to SOMM values from Today at 7:34 pm
0.5 UMA = 500.73 SOMM |
1 UMA = 1,001.47 SOMM |
5 UMA = 5,007.34 SOMM |
10 UMA = 10,014.68 SOMM |
50 UMA = 50,073.39 SOMM |
100 UMA = 100,146.78 SOMM |
500 UMA = 500,733.89 SOMM |
1,000 UMA = 1,001,467.77 SOMM |
SOMM to UMA over time
SOMM | Today | 24H 7.00% | 1M -34.35% | 1Y -116.82% |
|---|---|---|---|---|
0.5 SOMM | 0.0004993 UMA | 0.0004643 UMA | 0.0006708 UMA | 0.001083 UMA |
1 SOMM | 0.0009985 UMA | 0.0009286 UMA | 0.001342 UMA | 0.002165 UMA |
5 SOMM | 0.004993 UMA | 0.004643 UMA | 0.006708 UMA | 0.01083 UMA |
10 SOMM | 0.009985 UMA | 0.009286 UMA | 0.01342 UMA | 0.02165 UMA |
50 SOMM | 0.04993 UMA | 0.04643 UMA | 0.06708 UMA | 0.1083 UMA |
100 SOMM | 0.09985 UMA | 0.09286 UMA | 0.1342 UMA | 0.2165 UMA |
500 SOMM | 0.4993 UMA | 0.4643 UMA | 0.6708 UMA | 1.08 UMA |
1,000 SOMM | 0.9985 UMA | 0.9286 UMA | 1.34 UMA | 2.17 UMA |
Frequently asked questions
Right now, 1 Sommelier is worth about €0.0003356.
Based on the current rate, you could get 2,980.11 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 14,900.56 SOMM. Inversely, 5 SOMM will cost about €0.001678
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 earl, Molecule, and EverETH Reflect. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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