Convert Sommelier SOMM to Philippine Peso PHP

SOMM to PHP: 1 Sommelier converts to ₱0.02858 PHP as of July 1 at 5:08 AM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is ₱0.02858 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱10,727,243.42. The amount of Sommelier traded has fallen by -₱45.33 in the last 24 hours, which is a 89.88% decrease. Additionally, in the last day, ₱50.43 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.02858 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.14292 PHP. Inversely, ₱1.00 PHP would allow you to trade for 34.98 SOMM while ₱50.00 PHP would convert to 1,749.23 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 5.7%. Meanwhile, in the last 24 hours, the rate has changed by 2.67%, and that the highest exchange rate of 1 SOMM to PHP was ₱0.02933 PHP and the lowest 24 hour value was 1 SOMM for ₱0.02827 PHP. Last month, 1 SOMM was worth ₱0.02494 PHP. Today, it's up 14.35%. Looking back a year, Sommelier has changed by ₱0.05815 PHP. That means that in a single year, the value of Sommelier has shrank by 55.37%.

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.

₱0.02858Price
₱10.73MMarket cap
₱50.43Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to PHP values from Today at 5:08 am

0.5 SOMM = ₱0.01429 PHP
1 SOMM = ₱0.02858 PHP
5 SOMM = ₱0.1429 PHP
10 SOMM = ₱0.2858 PHP
50 SOMM = ₱1.43 PHP
100 SOMM = ₱2.86 PHP
500 SOMM = ₱14.29 PHP
1,000 SOMM = ₱28.58 PHP

PHP to SOMM values from Today at

₱0.50 PHP = 17.49 SOMM
₱1.00 PHP = 34.98 SOMM
₱5.00 PHP = 174.92 SOMM
₱10.00 PHP = 349.85 SOMM
₱50.00 PHP = 1,749.23 SOMM
₱100.00 PHP = 3,498.45 SOMM
₱500.00 PHP = 17,492.26 SOMM
₱1,000.00 PHP = 34,984.51 SOMM

SOMM to PHP over time

SOMM
Today
24H
-1.63%
1M
12.76%
1Y
-103.45%
0.5 SOMM
₱0.01429 PHP
₱0.01452 PHP
₱0.01247 PHP
₱0.02908 PHP
1 SOMM
₱0.02858 PHP
₱0.02905 PHP
₱0.02494 PHP
₱0.05815 PHP
5 SOMM
₱0.1429 PHP
₱0.1452 PHP
₱0.1247 PHP
₱0.2908 PHP
10 SOMM
₱0.2858 PHP
₱0.2905 PHP
₱0.2494 PHP
₱0.5815 PHP
50 SOMM
₱1.43 PHP
₱1.45 PHP
₱1.25 PHP
₱2.91 PHP
100 SOMM
₱2.86 PHP
₱2.90 PHP
₱2.49 PHP
₱5.82 PHP
500 SOMM
₱14.29 PHP
₱14.52 PHP
₱12.47 PHP
₱29.08 PHP
1,000 SOMM
₱28.58 PHP
₱29.05 PHP
₱24.94 PHP
₱58.15 PHP

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