Convert Sommelier SOMM to Japanese Yen JPY
SOMM to JPY: 1 Sommelier converts to ¥0.07312 JPY as of September 22 at 10:10 AM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is ¥0.07312 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ¥27,406,208.89. The amount of Sommelier traded has risen by ¥480,022 in the last 24 hours, which is a 1,930.51% increase. Additionally, in the last day, ¥24,865 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is ¥0.07312 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.36558 JPY. Inversely, ¥1 JPY would allow you to trade for 13.68 SOMM while ¥50 JPY would convert to 683.84 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 31.73%. Meanwhile, in the last 24 hours, the rate has changed by 20.43%, which means that the highest exchange rate of 1 SOMM to JPY was ¥0.07422 JPY and the lowest 24 hour value was 1 SOMM for ¥0.05805 JPY. Last month, 1 SOMM was worth ¥0.0592 JPY. Today, it's up 25.86%. Looking back a year, Sommelier has changed by ¥0.4458 JPY. That means that in a single year, the value of Sommelier has shrank by 84.48%.
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
SOMM to JPY values from Today at 10:10 am
0.5 SOMM = ¥0.03656 JPY |
1 SOMM = ¥0.07312 JPY |
5 SOMM = ¥0.3656 JPY |
10 SOMM = ¥0.7312 JPY |
50 SOMM = ¥3.66 JPY |
100 SOMM = ¥7.31 JPY |
500 SOMM = ¥36.56 JPY |
1,000 SOMM = ¥73.12 JPY |
JPY to SOMM values from Today at
¥1 JPY = 6.84 SOMM |
¥1 JPY = 13.68 SOMM |
¥5 JPY = 68.38 SOMM |
¥10 JPY = 136.77 SOMM |
¥50 JPY = 683.84 SOMM |
¥100 JPY = 1,367.68 SOMM |
¥500 JPY = 6,838.38 SOMM |
¥1,000 JPY = 13,676.76 SOMM |
SOMM to JPY over time
SOMM | Today | 24H 16.31% | 1M 19.04% | 1Y -509.67% |
|---|---|---|---|---|
0.5 SOMM | ¥0.03656 JPY | ¥0.0306 JPY | ¥0.0296 JPY | ¥0.2229 JPY |
1 SOMM | ¥0.07312 JPY | ¥0.06119 JPY | ¥0.0592 JPY | ¥0.4458 JPY |
5 SOMM | ¥0.3656 JPY | ¥0.306 JPY | ¥0.296 JPY | ¥2.23 JPY |
10 SOMM | ¥0.7312 JPY | ¥0.6119 JPY | ¥0.592 JPY | ¥4.46 JPY |
50 SOMM | ¥3.66 JPY | ¥3.06 JPY | ¥2.96 JPY | ¥22.29 JPY |
100 SOMM | ¥7.31 JPY | ¥6.12 JPY | ¥5.92 JPY | ¥44.58 JPY |
500 SOMM | ¥36.56 JPY | ¥30.60 JPY | ¥29.60 JPY | ¥222.88 JPY |
1,000 SOMM | ¥73.12 JPY | ¥61.19 JPY | ¥59.20 JPY | ¥445.77 JPY |
Frequently asked questions
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