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About SOMM and USDC
Sommelier is climbing, while USDC is falling this week. The current SOMM to USDC conversion rate is 0.0003161. Inversely, this means that if you convert 1 USDC you will get 3,163.90 SOMM. The conversion rate of SOMM/USDC has increased by 2.16% in the last hour (USDC/SOMM decreased by 2.11%). In the last 24 hours, SOMM/USDC grew by 14.46%, while USDC/SOMM shrunk by 12.63%.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0003161 USDC. In other words, to buy 5 Sommelier, it would cost you 0.0015803 USDC. Inversely, 1 USDC would allow you to trade for 3,163.90 SOMM while 50 USDC would convert to 158,195.16 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 11.41%. Meanwhile, in the last 24 hours, the rate has changed by 14.25%, which means that the highest exchange rate of 1 SOMM to USDC was 0.0003201 USDC and the lowest 24 hour value was 1 SOMM for 0.0002729 USDC. Last month, 1 SOMM was worth 0.0003847 USDC. Today, it's down 17.84%. Looking back a year, Sommelier has changed by 0.002108 USDC. That means that in a single year, the value of Sommelier has shrank by 85.01%.
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.
USDC Market Stats
USDC is a digital dollar issued by Circle that is fully backed by US dollars and US dollar equivalents. USDC was developed to represent a US Dollar equivalent onchain, and is used to send, store, and receive money between people and businesses without the need for third-party financial institutions.
Conversion tables
SOMM to USDC values from Today at 8:15 pm
0.5 SOMM = 0.000158 USDC |
1 SOMM = 0.0003161 USDC |
5 SOMM = 0.00158 USDC |
10 SOMM = 0.003161 USDC |
50 SOMM = 0.0158 USDC |
100 SOMM = 0.03161 USDC |
500 SOMM = 0.158 USDC |
1,000 SOMM = 0.3161 USDC |
USDC to SOMM values from Today at 8:17 pm
0.5 USDC = 1,581.95 SOMM |
1 USDC = 3,163.90 SOMM |
5 USDC = 15,819.52 SOMM |
10 USDC = 31,639.03 SOMM |
50 USDC = 158,195.16 SOMM |
100 USDC = 316,390.33 SOMM |
500 USDC = 1,581,951.65 SOMM |
1,000 USDC = 3,163,903.30 SOMM |
SOMM to USDC over time
SOMM | Today | 24H 12.48% | 1M -21.72% | 1Y -566.92% |
|---|---|---|---|---|
0.5 SOMM | 0.000158 USDC | 0.0001383 USDC | 0.0001924 USDC | 0.001054 USDC |
1 SOMM | 0.0003161 USDC | 0.0002766 USDC | 0.0003847 USDC | 0.002108 USDC |
5 SOMM | 0.00158 USDC | 0.001383 USDC | 0.001924 USDC | 0.01054 USDC |
10 SOMM | 0.003161 USDC | 0.002766 USDC | 0.003847 USDC | 0.02108 USDC |
50 SOMM | 0.0158 USDC | 0.01383 USDC | 0.01924 USDC | 0.1054 USDC |
100 SOMM | 0.03161 USDC | 0.02766 USDC | 0.03847 USDC | 0.2108 USDC |
500 SOMM | 0.158 USDC | 0.1383 USDC | 0.1924 USDC | 1.05 USDC |
1,000 SOMM | 0.3161 USDC | 0.2766 USDC | 0.3847 USDC | 2.11 USDC |
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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.