Convert Sommelier SOMM to Philippine Peso PHP
SOMM to PHP: 1 Sommelier converts to ₱0.03027 PHP as of June 24 at 2:34 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is ₱0.03027 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱11,196,227.42. The amount of Sommelier traded has risen by ₱5,262.67 in the last 24 hours, which is a 417.17% increase. Additionally, in the last day, ₱1,261.51 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.03027 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.15136 PHP. Inversely, ₱1.00 PHP would allow you to trade for 33.03 SOMM while ₱50.00 PHP would convert to 1,651.72 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 23.03%. Meanwhile, in the last 24 hours, the rate has changed by 3.45%, and that the highest exchange rate of 1 SOMM to PHP was ₱0.03129 PHP and the lowest 24 hour value was 1 SOMM for ₱0.0293 PHP. Last month, 1 SOMM was worth ₱0.02377 PHP. Today, it's up 22.84%. Looking back a year, Sommelier has changed by ₱0.07647 PHP. That means that in a single year, the value of Sommelier has shrank by 63.54%.
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.
Conversion tables
SOMM to PHP values from Today at 2:34 am
0.5 SOMM = ₱0.01514 PHP |
1 SOMM = ₱0.03027 PHP |
5 SOMM = ₱0.1514 PHP |
10 SOMM = ₱0.3027 PHP |
50 SOMM = ₱1.51 PHP |
100 SOMM = ₱3.03 PHP |
500 SOMM = ₱15.14 PHP |
1,000 SOMM = ₱30.27 PHP |
PHP to SOMM values from Today at
₱0.50 PHP = 16.52 SOMM |
₱1.00 PHP = 33.03 SOMM |
₱5.00 PHP = 165.17 SOMM |
₱10.00 PHP = 330.34 SOMM |
₱50.00 PHP = 1,651.72 SOMM |
₱100.00 PHP = 3,303.43 SOMM |
₱500.00 PHP = 16,517.16 SOMM |
₱1,000.00 PHP = 33,034.31 SOMM |
SOMM to PHP over time
SOMM | Today | 24H -3.11% | 1M 21.46% | 1Y -152.60% |
|---|---|---|---|---|
0.5 SOMM | ₱0.01514 PHP | ₱0.01561 PHP | ₱0.01189 PHP | ₱0.03823 PHP |
1 SOMM | ₱0.03027 PHP | ₱0.03121 PHP | ₱0.02377 PHP | ₱0.07647 PHP |
5 SOMM | ₱0.1514 PHP | ₱0.1561 PHP | ₱0.1189 PHP | ₱0.3823 PHP |
10 SOMM | ₱0.3027 PHP | ₱0.3121 PHP | ₱0.2377 PHP | ₱0.7647 PHP |
50 SOMM | ₱1.51 PHP | ₱1.56 PHP | ₱1.19 PHP | ₱3.82 PHP |
100 SOMM | ₱3.03 PHP | ₱3.12 PHP | ₱2.38 PHP | ₱7.65 PHP |
500 SOMM | ₱15.14 PHP | ₱15.61 PHP | ₱11.89 PHP | ₱38.23 PHP |
1,000 SOMM | ₱30.27 PHP | ₱31.21 PHP | ₱23.77 PHP | ₱76.47 PHP |
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