Convert Sommelier SOMM to Moldovan Leu MDL

SOMM to MDL: 1 Sommelier converts to MDL 0.00414 MDL as of October 25 at 12:15 AM

MDL
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About Sommelier

Sommelier is falling this week. The current price of Sommelier is MDL 0.00414 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of MDL 1,551,818.51. The amount of Sommelier traded has fallen by -MDL 171.69 in the last 24 hours, which is a 67.31% decrease. Additionally, in the last day, MDL 255.06 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is MDL 0.00414 MDL. In other words, to buy 5 Sommelier, it would cost you MDL 0.020702 MDL. Inversely, MDL 1.00 MDL would allow you to trade for 241.52 SOMM while MDL 50.00 MDL would convert to 12,076.04 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 16.57%. Meanwhile, in the last 24 hours, the rate has changed by 0.89%, and that the highest exchange rate of 1 SOMM to MDL was MDL 0.004267 MDL and the lowest 24 hour value was 1 SOMM for MDL 0.004037 MDL. Last month, 1 SOMM was worth MDL 0.01013 MDL. Today, it's down 59.53%. Looking back a year, Sommelier has changed by MDL 0.0337 MDL. That means that in a single year, the value of Sommelier has shrank by 88.27%.

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.

MDL 0.00414Price
MDL 1.55MMarket cap
MDL 255.06Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to MDL values from Today at 12:15 am

0.5 SOMM = MDL 0.00207 MDL
1 SOMM = MDL 0.00414 MDL
5 SOMM = MDL 0.0207 MDL
10 SOMM = MDL 0.0414 MDL
50 SOMM = MDL 0.207 MDL
100 SOMM = MDL 0.414 MDL
500 SOMM = MDL 2.07 MDL
1,000 SOMM = MDL 4.14 MDL

MDL to SOMM values from Today at

MDL 0.50 MDL = 120.76 SOMM
MDL 1.00 MDL = 241.52 SOMM
MDL 5.00 MDL = 1,207.60 SOMM
MDL 10.00 MDL = 2,415.21 SOMM
MDL 50.00 MDL = 12,076.04 SOMM
MDL 100.00 MDL = 24,152.09 SOMM
MDL 500.00 MDL = 120,760.44 SOMM
MDL 1,000.00 MDL = 241,520.88 SOMM

SOMM to MDL over time

SOMM
Today
24H
-1.67%
1M
-144.62%
1Y
-713.93%
0.5 SOMM
MDL 0.00207 MDL
MDL 0.002105 MDL
MDL 0.005064 MDL
MDL 0.01685 MDL
1 SOMM
MDL 0.00414 MDL
MDL 0.004209 MDL
MDL 0.01013 MDL
MDL 0.0337 MDL
5 SOMM
MDL 0.0207 MDL
MDL 0.02105 MDL
MDL 0.05064 MDL
MDL 0.1685 MDL
10 SOMM
MDL 0.0414 MDL
MDL 0.04209 MDL
MDL 0.1013 MDL
MDL 0.337 MDL
50 SOMM
MDL 0.207 MDL
MDL 0.2105 MDL
MDL 0.5064 MDL
MDL 1.69 MDL
100 SOMM
MDL 0.414 MDL
MDL 0.4209 MDL
MDL 1.01 MDL
MDL 3.37 MDL
500 SOMM
MDL 2.07 MDL
MDL 2.10 MDL
MDL 5.06 MDL
MDL 16.85 MDL
1,000 SOMM
MDL 4.14 MDL
MDL 4.21 MDL
MDL 10.13 MDL
MDL 33.70 MDL

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