Convert Sommelier SOMM to Philippine Peso PHP

SOMM to PHP: 1 Sommelier converts to ₱0.02903 PHP as of June 24 at 9:14 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is ₱0.02903 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱10,784,484.68. The amount of Sommelier traded has fallen by -₱194.70 in the last 24 hours, which is a 80.49% decrease. Additionally, in the last day, ₱241.88 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.02903 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.14517 PHP. Inversely, ₱1.00 PHP would allow you to trade for 34.44 SOMM while ₱50.00 PHP would convert to 1,722.13 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 24.71%. Meanwhile, in the last 24 hours, the rate has changed by 2.85%, and that the highest exchange rate of 1 SOMM to PHP was ₱0.03055 PHP and the lowest 24 hour value was 1 SOMM for ₱0.02867 PHP. Last month, 1 SOMM was worth ₱0.03478 PHP. Today, it's down 16.08%. 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 64.78%.

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.

₱0.02903Price
₱10.78MMarket cap
₱241.88Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to PHP values from Today at 9:14 pm

0.5 SOMM = ₱0.01452 PHP
1 SOMM = ₱0.02903 PHP
5 SOMM = ₱0.1452 PHP
10 SOMM = ₱0.2903 PHP
50 SOMM = ₱1.45 PHP
100 SOMM = ₱2.90 PHP
500 SOMM = ₱14.52 PHP
1,000 SOMM = ₱29.03 PHP

PHP to SOMM values from Today at

₱0.50 PHP = 17.22 SOMM
₱1.00 PHP = 34.44 SOMM
₱5.00 PHP = 172.21 SOMM
₱10.00 PHP = 344.43 SOMM
₱50.00 PHP = 1,722.13 SOMM
₱100.00 PHP = 3,444.26 SOMM
₱500.00 PHP = 17,221.28 SOMM
₱1,000.00 PHP = 34,442.56 SOMM

SOMM to PHP over time

SOMM
Today
24H
-3.77%
1M
-19.79%
1Y
-163.37%
0.5 SOMM
₱0.01452 PHP
₱0.01506 PHP
₱0.01739 PHP
₱0.03823 PHP
1 SOMM
₱0.02903 PHP
₱0.03013 PHP
₱0.03478 PHP
₱0.07647 PHP
5 SOMM
₱0.1452 PHP
₱0.1506 PHP
₱0.1739 PHP
₱0.3823 PHP
10 SOMM
₱0.2903 PHP
₱0.3013 PHP
₱0.3478 PHP
₱0.7647 PHP
50 SOMM
₱1.45 PHP
₱1.51 PHP
₱1.74 PHP
₱3.82 PHP
100 SOMM
₱2.90 PHP
₱3.01 PHP
₱3.48 PHP
₱7.65 PHP
500 SOMM
₱14.52 PHP
₱15.06 PHP
₱17.39 PHP
₱38.23 PHP
1,000 SOMM
₱29.03 PHP
₱30.13 PHP
₱34.78 PHP
₱76.47 PHP

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