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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 RAY and SOMM
Raydium is climbing, while Sommelier is falling this week. The current RAY to SOMM conversion rate is 7,851.03. Inversely, this means that if you convert 1 SOMM you will get 0.0001274 RAY. The conversion rate of RAY/SOMM has increased by 1.07% in the last hour (SOMM/RAY decreased by 1.06%). In the last 24 hours, RAY/SOMM grew by 2.61%, while SOMM/RAY shrunk by 2.54%.
The exchange rate of Raydium is increasing. The current value of 1 RAY is 7,851.03 SOMM. In other words, to buy 5 Raydium, it would cost you 39,255.17 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0001274 RAY while 50 SOMM would convert to 0.006369 RAY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 13%. Meanwhile, in the last 24 hours, the rate has changed by 3.14%, which means that the highest exchange rate of 1 RAY to SOMM was 7,869.76 SOMM and the lowest 24 hour value was 1 RAY for 6,940.98 SOMM. Last month, 1 RAY was worth 7,024.25 SOMM. Today, it's up 11.77%. Looking back a year, Raydium has changed by 1,089.11 SOMM. That means that in a single year, the value of Raydium has grown by 620.87%.
Raydium Market Stats
RAY is the native utility token for Raydium, an automated market maker (AMM) and decentralized exchange built on the Solana blockchain. Holders can stake RAY to earn a portion of protocol fees, participate in initial DEX offerings (IDOs), and vote on governance proposals regarding the platform’s development.
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
RAY to SOMM values from Today at 1:31 pm
0.5 RAY = 3,925.52 SOMM |
1 RAY = 7,851.03 SOMM |
5 RAY = 39,255.17 SOMM |
10 RAY = 78,510.34 SOMM |
50 RAY = 392,551.71 SOMM |
100 RAY = 785,103.42 SOMM |
500 RAY = 3,925,517.09 SOMM |
1,000 RAY = 7,851,034.18 SOMM |
SOMM to RAY values from Today at 1:29 pm
0.5 SOMM = 0.00006369 RAY |
1 SOMM = 0.0001274 RAY |
5 SOMM = 0.0006369 RAY |
10 SOMM = 0.001274 RAY |
50 SOMM = 0.006369 RAY |
100 SOMM = 0.01274 RAY |
500 SOMM = 0.06369 RAY |
1,000 SOMM = 0.1274 RAY |
RAY to SOMM over time
RAY | Today | 24H 3.04% | 1M 10.53% | 1Y 86.13% |
|---|---|---|---|---|
0.5 RAY | 3,925.52 SOMM | 3,806.09 SOMM | 3,512.12 SOMM | 544.55 SOMM |
1 RAY | 7,851.03 SOMM | 7,612.18 SOMM | 7,024.25 SOMM | 1,089.11 SOMM |
5 RAY | 39,255.17 SOMM | 38,060.89 SOMM | 35,121.23 SOMM | 5,445.54 SOMM |
10 RAY | 78,510.34 SOMM | 76,121.78 SOMM | 70,242.45 SOMM | 10,891.08 SOMM |
50 RAY | 392,551.71 SOMM | 380,608.92 SOMM | 351,212.26 SOMM | 54,455.39 SOMM |
100 RAY | 785,103.42 SOMM | 761,217.85 SOMM | 702,424.52 SOMM | 108,910.78 SOMM |
500 RAY | 3,925,517.09 SOMM | 3,806,089.24 SOMM | 3,512,122.61 SOMM | 544,553.90 SOMM |
1,000 RAY | 7,851,034.18 SOMM | 7,612,178.47 SOMM | 7,024,245.23 SOMM | 1,089,107.81 SOMM |
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