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About SOMM and DEEP
Sommelier is climbing, while DeepBook is falling this week. The current SOMM to DEEP conversion rate is 0.02836. Inversely, this means that if you convert 1 DEEP you will get 35.26 SOMM. The conversion rate of SOMM/DEEP has decreased by 0.11% in the last hour (DEEP/SOMM increased by 0.11%). In the last 24 hours, SOMM/DEEP grew by 9.07%, while DEEP/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.02836 DEEP. In other words, to buy 5 Sommelier, it would cost you 0.14182 DEEP. Inversely, 1 DEEP would allow you to trade for 35.26 SOMM while 50 DEEP would convert to 1,762.84 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 10.91%. Meanwhile, in the last 24 hours, the rate has changed by 8.53%, which means that the highest exchange rate of 1 SOMM to DEEP was 0.02839 DEEP and the lowest 24 hour value was 1 SOMM for 0.0259 DEEP. Last month, 1 SOMM was worth 0.01811 DEEP. Today, it's up 36.15%. Looking back a year, Sommelier has changed by ∞ DEEP. That means that in a single year, the value of Sommelier has shrank by ∞%.
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.
DeepBook Market Stats
DeepBook Protocol is a decentralized central limit order book and foundational liquidity layer built natively on the Sui blockchain to provide institutional-grade trading infrastructure. The DEEP token is used to pay for trading and pool creation fees, provide liquidity incentives through maker rebates, and enable pool-level governance.
Conversion tables
SOMM to DEEP values from Today at 9:42 am
0.5 SOMM = 0.01418 DEEP |
1 SOMM = 0.02836 DEEP |
5 SOMM = 0.1418 DEEP |
10 SOMM = 0.2836 DEEP |
50 SOMM = 1.42 DEEP |
100 SOMM = 2.84 DEEP |
500 SOMM = 14.18 DEEP |
1,000 SOMM = 28.36 DEEP |
DEEP to SOMM values from Today at 9:33 am
0.5 DEEP = 17.63 SOMM |
1 DEEP = 35.26 SOMM |
5 DEEP = 176.28 SOMM |
10 DEEP = 352.57 SOMM |
50 DEEP = 1,762.84 SOMM |
100 DEEP = 3,525.67 SOMM |
500 DEEP = 17,628.35 SOMM |
1,000 DEEP = 35,256.70 SOMM |
SOMM to DEEP over time
SOMM | Today | 24H 8.53% | 1M 36.15% | 1Y 97.01% |
|---|---|---|---|---|
0.5 SOMM | 0.01418 DEEP | 0.01297 DEEP | 0.009055 DEEP | 0.0004234 DEEP |
1 SOMM | 0.02836 DEEP | 0.02594 DEEP | 0.01811 DEEP | 0.0008468 DEEP |
5 SOMM | 0.1418 DEEP | 0.1297 DEEP | 0.09055 DEEP | 0.004234 DEEP |
10 SOMM | 0.2836 DEEP | 0.2594 DEEP | 0.1811 DEEP | 0.008468 DEEP |
50 SOMM | 1.42 DEEP | 1.30 DEEP | 0.9055 DEEP | 0.04234 DEEP |
100 SOMM | 2.84 DEEP | 2.59 DEEP | 1.81 DEEP | 0.08468 DEEP |
500 SOMM | 14.18 DEEP | 12.97 DEEP | 9.05 DEEP | 0.4234 DEEP |
1,000 SOMM | 28.36 DEEP | 25.94 DEEP | 18.11 DEEP | 0.8468 DEEP |
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