Convert Sommelier SOMM to Philippine Peso PHP
1 SOMM converts to ₱0.03756 PHP as of June 18 at 10:48 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is ₱0.03756 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱14,137,216.38. The amount of Sommelier traded has fallen by -₱85.34 in the last 24 hours, which is a 72.75% decrease. Additionally, in the last day, ₱117.30 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.03756 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.18779 PHP. Inversely, ₱1.00 PHP would allow you to trade for 26.63 SOMM while ₱50.00 PHP would convert to 1,331.27 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.79%. Meanwhile, in the last 24 hours, the rate has changed by 1.09%, which means that the highest exchange rate of 1 SOMM to PHP was ₱0.03831 PHP and the lowest 24 hour value was 1 SOMM for ₱0.03684 PHP. Last month, 1 SOMM was worth ₱0.02835 PHP. Today, it's up 34.92%. Looking back a year, Sommelier has changed by ₱0.0745 PHP. That means that in a single year, the value of Sommelier has shrank by 52.23%.
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 10:48 pm
0.5 SOMM = ₱0.01878 PHP |
1 SOMM = ₱0.03756 PHP |
5 SOMM = ₱0.1878 PHP |
10 SOMM = ₱0.3756 PHP |
50 SOMM = ₱1.88 PHP |
100 SOMM = ₱3.76 PHP |
500 SOMM = ₱18.78 PHP |
1,000 SOMM = ₱37.56 PHP |
PHP to SOMM values from Today at
₱0.50 PHP = 13.31 SOMM |
₱1.00 PHP = 26.63 SOMM |
₱5.00 PHP = 133.13 SOMM |
₱10.00 PHP = 266.25 SOMM |
₱50.00 PHP = 1,331.27 SOMM |
₱100.00 PHP = 2,662.54 SOMM |
₱500.00 PHP = 13,312.70 SOMM |
₱1,000.00 PHP = 26,625.41 SOMM |
SOMM to PHP over time
SOMM | Today | 24H -1.29% | 1M 24.52% | 1Y -98.36% |
|---|---|---|---|---|
0.5 SOMM | ₱0.01878 PHP | ₱0.01902 PHP | ₱0.01417 PHP | ₱0.03725 PHP |
1 SOMM | ₱0.03756 PHP | ₱0.03804 PHP | ₱0.02835 PHP | ₱0.0745 PHP |
5 SOMM | ₱0.1878 PHP | ₱0.1902 PHP | ₱0.1417 PHP | ₱0.3725 PHP |
10 SOMM | ₱0.3756 PHP | ₱0.3804 PHP | ₱0.2835 PHP | ₱0.745 PHP |
50 SOMM | ₱1.88 PHP | ₱1.90 PHP | ₱1.42 PHP | ₱3.72 PHP |
100 SOMM | ₱3.76 PHP | ₱3.80 PHP | ₱2.83 PHP | ₱7.45 PHP |
500 SOMM | ₱18.78 PHP | ₱19.02 PHP | ₱14.17 PHP | ₱37.25 PHP |
1,000 SOMM | ₱37.56 PHP | ₱38.04 PHP | ₱28.35 PHP | ₱74.50 PHP |
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