Convert Sommelier SOMM to Philippine Peso PHP
1 SOMM converts to ₱0.03078 PHP as of June 22 at 10:12 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is ₱0.03078 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of ₱11,562,035.63. The amount of Sommelier traded has risen by ₱60.51 in the last 24 hours, which is a 7.77% increase. Additionally, in the last day, ₱778.73 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₱0.03078 PHP. In other words, to buy 5 Sommelier, it would cost you ₱0.15389 PHP. Inversely, ₱1.00 PHP would allow you to trade for 32.49 SOMM while ₱50.00 PHP would convert to 1,624.57 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 35.92%. Meanwhile, in the last 24 hours, the rate has changed by 4.42%, and that the highest exchange rate of 1 SOMM to PHP was ₱0.03242 PHP and the lowest 24 hour value was 1 SOMM for ₱0.0308 PHP. Last month, 1 SOMM was worth ₱0.0257 PHP. Today, it's up 20.69%. Looking back a year, Sommelier has changed by ₱0.079 PHP. That means that in a single year, the value of Sommelier has shrank by 63.4%.
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 10:12 pm
0.5 SOMM = ₱0.01539 PHP |
1 SOMM = ₱0.03078 PHP |
5 SOMM = ₱0.1539 PHP |
10 SOMM = ₱0.3078 PHP |
50 SOMM = ₱1.54 PHP |
100 SOMM = ₱3.08 PHP |
500 SOMM = ₱15.39 PHP |
1,000 SOMM = ₱30.78 PHP |
PHP to SOMM values from Today at
₱0.50 PHP = 16.25 SOMM |
₱1.00 PHP = 32.49 SOMM |
₱5.00 PHP = 162.46 SOMM |
₱10.00 PHP = 324.91 SOMM |
₱50.00 PHP = 1,624.57 SOMM |
₱100.00 PHP = 3,249.14 SOMM |
₱500.00 PHP = 16,245.68 SOMM |
₱1,000.00 PHP = 32,491.35 SOMM |
SOMM to PHP over time
SOMM | Today | 24H -4.10% | 1M 16.50% | 1Y -156.69% |
|---|---|---|---|---|
0.5 SOMM | ₱0.01539 PHP | ₱0.01602 PHP | ₱0.01285 PHP | ₱0.0395 PHP |
1 SOMM | ₱0.03078 PHP | ₱0.03204 PHP | ₱0.0257 PHP | ₱0.079 PHP |
5 SOMM | ₱0.1539 PHP | ₱0.1602 PHP | ₱0.1285 PHP | ₱0.395 PHP |
10 SOMM | ₱0.3078 PHP | ₱0.3204 PHP | ₱0.257 PHP | ₱0.79 PHP |
50 SOMM | ₱1.54 PHP | ₱1.60 PHP | ₱1.29 PHP | ₱3.95 PHP |
100 SOMM | ₱3.08 PHP | ₱3.20 PHP | ₱2.57 PHP | ₱7.90 PHP |
500 SOMM | ₱15.39 PHP | ₱16.02 PHP | ₱12.85 PHP | ₱39.50 PHP |
1,000 SOMM | ₱30.78 PHP | ₱32.04 PHP | ₱25.70 PHP | ₱79.00 PHP |
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