Convert Sommelier SOMM to Philippine Peso PHP
1 SOMM converts to ₱0.02893 PHP as of June 29 at 2:42 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is ₱0.02893 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱10,721,027.03. The amount of Sommelier traded has fallen by -₱484.40 in the last 24 hours, which is a 57.68% decrease. Additionally, in the last day, ₱839.73 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.02893 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.14466 PHP. Inversely, ₱1.00 PHP would allow you to trade for 34.56 SOMM while ₱50.00 PHP would convert to 1,728.17 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.9%. Meanwhile, in the last 24 hours, the rate has changed by 2.76%, and that the highest exchange rate of 1 SOMM to PHP was ₱0.0296 PHP and the lowest 24 hour value was 1 SOMM for ₱0.02854 PHP. Last month, 1 SOMM was worth ₱0.02634 PHP. Today, it's up 9.28%. Looking back a year, Sommelier has changed by ₱0.06577 PHP. That means that in a single year, the value of Sommelier has shrank by 60.06%.
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 2:42 pm
0.5 SOMM = ₱0.01447 PHP |
1 SOMM = ₱0.02893 PHP |
5 SOMM = ₱0.1447 PHP |
10 SOMM = ₱0.2893 PHP |
50 SOMM = ₱1.45 PHP |
100 SOMM = ₱2.89 PHP |
500 SOMM = ₱14.47 PHP |
1,000 SOMM = ₱28.93 PHP |
PHP to SOMM values from Today at
₱0.50 PHP = 17.28 SOMM |
₱1.00 PHP = 34.56 SOMM |
₱5.00 PHP = 172.82 SOMM |
₱10.00 PHP = 345.63 SOMM |
₱50.00 PHP = 1,728.17 SOMM |
₱100.00 PHP = 3,456.34 SOMM |
₱500.00 PHP = 17,281.68 SOMM |
₱1,000.00 PHP = 34,563.37 SOMM |
SOMM to PHP over time
SOMM | Today | 24H -2.03% | 1M 8.97% | 1Y -127.31% |
|---|---|---|---|---|
0.5 SOMM | ₱0.01447 PHP | ₱0.01476 PHP | ₱0.01317 PHP | ₱0.03288 PHP |
1 SOMM | ₱0.02893 PHP | ₱0.02952 PHP | ₱0.02634 PHP | ₱0.06577 PHP |
5 SOMM | ₱0.1447 PHP | ₱0.1476 PHP | ₱0.1317 PHP | ₱0.3288 PHP |
10 SOMM | ₱0.2893 PHP | ₱0.2952 PHP | ₱0.2634 PHP | ₱0.6577 PHP |
50 SOMM | ₱1.45 PHP | ₱1.48 PHP | ₱1.32 PHP | ₱3.29 PHP |
100 SOMM | ₱2.89 PHP | ₱2.95 PHP | ₱2.63 PHP | ₱6.58 PHP |
500 SOMM | ₱14.47 PHP | ₱14.76 PHP | ₱13.17 PHP | ₱32.88 PHP |
1,000 SOMM | ₱28.93 PHP | ₱29.52 PHP | ₱26.34 PHP | ₱65.77 PHP |
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