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About SOMM and DEXT
Sommelier is climbing, while DEXTools is falling this week. The current SOMM to DEXT conversion rate is 0.003513. Inversely, this means that if you convert 1 DEXT you will get 284.62 SOMM. The conversion rate of SOMM/DEXT has increased by 0.13% in the last hour (DEXT/SOMM decreased by 0.13%). In the last 24 hours, SOMM/DEXT grew by 1.11%, while DEXT/SOMM shrunk by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.003513 DEXT. In other words, to buy 5 Sommelier, it would cost you 0.017567 DEXT. Inversely, 1 DEXT would allow you to trade for 284.62 SOMM while 50 DEXT would convert to 14,231.24 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 21.2%. Meanwhile, in the last 24 hours, the rate has changed by 1.76%, which means that the highest exchange rate of 1 SOMM to DEXT was 0.004006 DEXT and the lowest 24 hour value was 1 SOMM for 0.003215 DEXT. Last month, 1 SOMM was worth 0.002719 DEXT. Today, it's up 22.6%. Looking back a year, Sommelier has changed by 0.001764 DEXT. That means that in a single year, the value of Sommelier has grown by 49.79%.
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.
DEXTools Market Stats
DEXT is an Ethereum token used to access subscription tiers and benefit from unlocking all of the features of the DEXTools ecosystem. DEXTools is an app for traders that offers information about all the decentralized markets.
Conversion tables
SOMM to DEXT values from Today at 8:42 pm
0.5 SOMM = 0.001757 DEXT |
1 SOMM = 0.003513 DEXT |
5 SOMM = 0.01757 DEXT |
10 SOMM = 0.03513 DEXT |
50 SOMM = 0.1757 DEXT |
100 SOMM = 0.3513 DEXT |
500 SOMM = 1.76 DEXT |
1,000 SOMM = 3.51 DEXT |
DEXT to SOMM values from Today at 8:31 pm
0.5 DEXT = 142.31 SOMM |
1 DEXT = 284.62 SOMM |
5 DEXT = 1,423.12 SOMM |
10 DEXT = 2,846.25 SOMM |
50 DEXT = 14,231.24 SOMM |
100 DEXT = 28,462.49 SOMM |
500 DEXT = 142,312.43 SOMM |
1,000 DEXT = 284,624.85 SOMM |
SOMM to DEXT over time
SOMM | Today | 24H -1.76% | 1M 22.60% | 1Y 49.79% |
|---|---|---|---|---|
0.5 SOMM | 0.001757 DEXT | 0.001788 DEXT | 0.00136 DEXT | 0.0008821 DEXT |
1 SOMM | 0.003513 DEXT | 0.003575 DEXT | 0.002719 DEXT | 0.001764 DEXT |
5 SOMM | 0.01757 DEXT | 0.01788 DEXT | 0.0136 DEXT | 0.008821 DEXT |
10 SOMM | 0.03513 DEXT | 0.03575 DEXT | 0.02719 DEXT | 0.01764 DEXT |
50 SOMM | 0.1757 DEXT | 0.1788 DEXT | 0.136 DEXT | 0.08821 DEXT |
100 SOMM | 0.3513 DEXT | 0.3575 DEXT | 0.2719 DEXT | 0.1764 DEXT |
500 SOMM | 1.76 DEXT | 1.79 DEXT | 1.36 DEXT | 0.8821 DEXT |
1,000 SOMM | 3.51 DEXT | 3.58 DEXT | 2.72 DEXT | 1.76 DEXT |
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