Convert Sommelier SOMM to Japanese Yen JPY

SOMM to JPY: 1 Sommelier converts to ¥0.047 JPY as of October 12 at 3:30 AM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is ¥0.047 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ¥17,616,616.31. The amount of Sommelier traded has risen by ¥17,126 in the last 24 hours, which is a 91.27% increase. Additionally, in the last day, ¥18,763 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ¥0.047 JPY. In other words, to buy 5 Sommelier, it would cost you ¥0.23501 JPY. Inversely, ¥1 JPY would allow you to trade for 21.28 SOMM while ¥50 JPY would convert to 1,063.79 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 28.09%. Meanwhile, in the last 24 hours, the rate has changed by 8.97%, and that the highest exchange rate of 1 SOMM to JPY was ¥0.05519 JPY and the lowest 24 hour value was 1 SOMM for ¥0.04472 JPY. Last month, 1 SOMM was worth ¥0.05204 JPY. Today, it's down 12.33%. Looking back a year, Sommelier has changed by ¥0.3923 JPY. That means that in a single year, the value of Sommelier has shrank by 88.46%.

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.

¥0.047Price
¥17.62MMarket cap
¥18.76KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to JPY values from Today at 3:30 am

0.5 SOMM = ¥0.0235 JPY
1 SOMM = ¥0.047 JPY
5 SOMM = ¥0.235 JPY
10 SOMM = ¥0.47 JPY
50 SOMM = ¥2.35 JPY
100 SOMM = ¥4.70 JPY
500 SOMM = ¥23.50 JPY
1,000 SOMM = ¥47.00 JPY

JPY to SOMM values from Today at 4:10 am

¥1 JPY = 10.64 SOMM
¥1 JPY = 21.28 SOMM
¥5 JPY = 106.38 SOMM
¥10 JPY = 212.76 SOMM
¥50 JPY = 1,063.79 SOMM
¥100 JPY = 2,127.59 SOMM
¥500 JPY = 10,637.93 SOMM
¥1,000 JPY = 21,275.86 SOMM

SOMM to JPY over time

SOMM
Today
24H
100.00%
1M
100.00%
1Y
99.99%
0.5 SOMM
¥0.0235 JPY
¥0.02583 JPY
¥0.02602 JPY
¥0.1961 JPY
1 SOMM
¥0.047 JPY
¥0.05166 JPY
¥0.05204 JPY
¥0.3923 JPY
5 SOMM
¥0.235 JPY
¥0.2583 JPY
¥0.2602 JPY
¥1.96 JPY
10 SOMM
¥0.47 JPY
¥0.5166 JPY
¥0.5204 JPY
¥3.92 JPY
50 SOMM
¥2.35 JPY
¥2.58 JPY
¥2.60 JPY
¥19.61 JPY
100 SOMM
¥4.70 JPY
¥5.17 JPY
¥5.20 JPY
¥39.23 JPY
500 SOMM
¥23.50 JPY
¥25.83 JPY
¥26.02 JPY
¥196.14 JPY
1,000 SOMM
¥47.00 JPY
¥51.66 JPY
¥52.04 JPY
¥392.29 JPY

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