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About SOMM and ATOM
Sommelier is climbing, while Cosmos is falling this week. The current SOMM to ATOM conversion rate is 0.0002719. Inversely, this means that if you convert 1 ATOM you will get 3,677.85 SOMM. The conversion rate of SOMM/ATOM has increased by 0.56% in the last hour (ATOM/SOMM decreased by 0.56%). In the last 24 hours, SOMM/ATOM grew by 1.12%, while ATOM/SOMM shrunk by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.0002719 ATOM. In other words, to buy 5 Sommelier, it would cost you 0.0013595 ATOM. Inversely, 1 ATOM would allow you to trade for 3,677.85 SOMM while 50 ATOM would convert to 183,892.42 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 20.09%. Meanwhile, in the last 24 hours, the rate has changed by 0.65%, which means that the highest exchange rate of 1 SOMM to ATOM was 0.0002782 ATOM and the lowest 24 hour value was 1 SOMM for 0.0002661 ATOM. Last month, 1 SOMM was worth 0.0003078 ATOM. Today, it's down 13.21%. Looking back a year, Sommelier has changed by 0.0002644 ATOM. That means that in a single year, the value of Sommelier has grown by 2.76%.
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.
Cosmos Market Stats
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. ATOM holders can stake their tokens in order to maintain the network and receive more ATOM as a reward.
Conversion tables
SOMM to ATOM values from Today at 10:21 am
0.5 SOMM = 0.0001359 ATOM |
1 SOMM = 0.0002719 ATOM |
5 SOMM = 0.001359 ATOM |
10 SOMM = 0.002719 ATOM |
50 SOMM = 0.01359 ATOM |
100 SOMM = 0.02719 ATOM |
500 SOMM = 0.1359 ATOM |
1,000 SOMM = 0.2719 ATOM |
ATOM to SOMM values from Today at 10:25 am
0.5 ATOM = 1,838.92 SOMM |
1 ATOM = 3,677.85 SOMM |
5 ATOM = 18,389.24 SOMM |
10 ATOM = 36,778.48 SOMM |
50 ATOM = 183,892.42 SOMM |
100 ATOM = 367,784.84 SOMM |
500 ATOM = 1,838,924.22 SOMM |
1,000 ATOM = 3,677,848.43 SOMM |
SOMM to ATOM over time
SOMM | Today | 24H -0.65% | 1M -13.21% | 1Y 2.76% |
|---|---|---|---|---|
0.5 SOMM | 0.0001359 ATOM | 0.0001368 ATOM | 0.0001539 ATOM | 0.0001322 ATOM |
1 SOMM | 0.0002719 ATOM | 0.0002737 ATOM | 0.0003078 ATOM | 0.0002644 ATOM |
5 SOMM | 0.001359 ATOM | 0.001368 ATOM | 0.001539 ATOM | 0.001322 ATOM |
10 SOMM | 0.002719 ATOM | 0.002737 ATOM | 0.003078 ATOM | 0.002644 ATOM |
50 SOMM | 0.01359 ATOM | 0.01368 ATOM | 0.01539 ATOM | 0.01322 ATOM |
100 SOMM | 0.02719 ATOM | 0.02737 ATOM | 0.03078 ATOM | 0.02644 ATOM |
500 SOMM | 0.1359 ATOM | 0.1368 ATOM | 0.1539 ATOM | 0.1322 ATOM |
1,000 SOMM | 0.2719 ATOM | 0.2737 ATOM | 0.3078 ATOM | 0.2644 ATOM |
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