Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
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 GMT
Sommelier is falling, while STEPN is climbing this week. The current SOMM to GMT conversion rate is 0.03956. Inversely, this means that if you convert 1 GMT you will get 25.28 SOMM. The conversion rate of SOMM/GMT has increased by 0.42% in the last hour (GMT/SOMM decreased by 0.41%). In the last 24 hours, SOMM/GMT shrunk by 3.94%, while GMT/SOMM grew by 4.1%.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.03956 GMT. In other words, to buy 5 Sommelier, it would cost you 0.19781 GMT. Inversely, 1 GMT would allow you to trade for 25.28 SOMM while 50 GMT would convert to 1,263.87 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 23.19%. Meanwhile, in the last 24 hours, the rate has changed by 5.8%, which means that the highest exchange rate of 1 SOMM to GMT was 0.04213 GMT and the lowest 24 hour value was 1 SOMM for 0.03988 GMT. Last month, 1 SOMM was worth 0.04602 GMT. Today, it's down 14.03%. Looking back a year, Sommelier has changed by 0.04584 GMT. That means that in a single year, the value of Sommelier has shrank by 13.69%.
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.
STEPN Market Stats
GMT is a Solana token that governs STEPN, a lifestyle app that encourages users to “move-to-earn.” STEPN users with NFT sneakers can earn GMT by walking or running outdoors. GMT can be used to pay for digital items and upgrades as well as staking and voting on future changes to the platform.
Conversion tables
SOMM to GMT values from Today at 4:22 am
0.5 SOMM = 0.01978 GMT |
1 SOMM = 0.03956 GMT |
5 SOMM = 0.1978 GMT |
10 SOMM = 0.3956 GMT |
50 SOMM = 1.98 GMT |
100 SOMM = 3.96 GMT |
500 SOMM = 19.78 GMT |
1,000 SOMM = 39.56 GMT |
GMT to SOMM values from Today at 4:23 am
0.5 GMT = 12.64 SOMM |
1 GMT = 25.28 SOMM |
5 GMT = 126.39 SOMM |
10 GMT = 252.77 SOMM |
50 GMT = 1,263.87 SOMM |
100 GMT = 2,527.73 SOMM |
500 GMT = 12,638.67 SOMM |
1,000 GMT = 25,277.35 SOMM |
SOMM to GMT over time
SOMM | Today | 24H -6.15% | 1M -16.32% | 1Y -15.86% |
|---|---|---|---|---|
0.5 SOMM | 0.01978 GMT | 0.021 GMT | 0.02301 GMT | 0.02292 GMT |
1 SOMM | 0.03956 GMT | 0.04199 GMT | 0.04602 GMT | 0.04584 GMT |
5 SOMM | 0.1978 GMT | 0.21 GMT | 0.2301 GMT | 0.2292 GMT |
10 SOMM | 0.3956 GMT | 0.4199 GMT | 0.4602 GMT | 0.4584 GMT |
50 SOMM | 1.98 GMT | 2.10 GMT | 2.30 GMT | 2.29 GMT |
100 SOMM | 3.96 GMT | 4.20 GMT | 4.60 GMT | 4.58 GMT |
500 SOMM | 19.78 GMT | 21.00 GMT | 23.01 GMT | 22.92 GMT |
1,000 SOMM | 39.56 GMT | 41.99 GMT | 46.02 GMT | 45.84 GMT |
Frequently asked questions
Buy Sommelier with Coinbase
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Related conversions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.