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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About SOMM and COTI
Sommelier is falling, while COTI is climbing this week. The current SOMM to COTI conversion rate is 0.01981. Inversely, this means that if you convert 1 COTI you will get 50.48 SOMM. The conversion rate of SOMM/COTI has increased by 1.73% in the last hour (COTI/SOMM decreased by 1.73%). In the last 24 hours, SOMM/COTI shrunk by 15.25%, while COTI/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.01981 COTI. In other words, to buy 5 Sommelier, it would cost you 0.09905 COTI. Inversely, 1 COTI would allow you to trade for 50.48 SOMM while 50 COTI would convert to 2,523.87 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 100.51%. Meanwhile, in the last 24 hours, the rate has changed by 19.89%, and that the highest exchange rate of 1 SOMM to COTI was 0.02912 COTI and the lowest 24 hour value was 1 SOMM for 0.01778 COTI. Last month, 1 SOMM was worth 0.05638 COTI. Today, it's down 184.58%. Looking back a year, Sommelier has changed by 0.01743 COTI. That means that in a single year, the value of Sommelier has grown by 12.02%.
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.
COTI Market Stats
COTI is a token that powers Coti, a project that describes itself as a “DAG (directed acyclic graph) protocol optimized for creating decentralized payment networks and stable coins.” Coti uses Trustchain, a decentralized ledger that can process over 100,000 transactions per second, to power online and offline payments, loyalty payments, stablecoins, and more. Note: Coinbase currently only supports COTI running on the Ethereum blockchain (ERC-20).
Conversion tables
SOMM to COTI values from Today at 12:02 pm
0.5 SOMM = 0.009905 COTI |
1 SOMM = 0.01981 COTI |
5 SOMM = 0.09905 COTI |
10 SOMM = 0.1981 COTI |
50 SOMM = 0.9905 COTI |
100 SOMM = 1.98 COTI |
500 SOMM = 9.91 COTI |
1,000 SOMM = 19.81 COTI |
COTI to SOMM values from Today at 12:04 pm
0.5 COTI = 25.24 SOMM |
1 COTI = 50.48 SOMM |
5 COTI = 252.39 SOMM |
10 COTI = 504.77 SOMM |
50 COTI = 2,523.87 SOMM |
100 COTI = 5,047.74 SOMM |
500 COTI = 25,238.72 SOMM |
1,000 COTI = 50,477.45 SOMM |
SOMM to COTI over time
SOMM | Today | 24H -19.89% | 1M -184.58% | 1Y 12.02% |
|---|---|---|---|---|
0.5 SOMM | 0.009905 COTI | 0.01188 COTI | 0.02819 COTI | 0.008715 COTI |
1 SOMM | 0.01981 COTI | 0.02375 COTI | 0.05638 COTI | 0.01743 COTI |
5 SOMM | 0.09905 COTI | 0.1188 COTI | 0.2819 COTI | 0.08715 COTI |
10 SOMM | 0.1981 COTI | 0.2375 COTI | 0.5638 COTI | 0.1743 COTI |
50 SOMM | 0.9905 COTI | 1.19 COTI | 2.82 COTI | 0.8715 COTI |
100 SOMM | 1.98 COTI | 2.38 COTI | 5.64 COTI | 1.74 COTI |
500 SOMM | 9.91 COTI | 11.88 COTI | 28.19 COTI | 8.72 COTI |
1,000 SOMM | 19.81 COTI | 23.75 COTI | 56.38 COTI | 17.43 COTI |
Frequently asked questions
Right now, 1 Sommelier is worth about €0.0002585.
Based on the current rate, you could get 3,868.63 SOMM for 1 EUR.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to EUR calculator at the top of this page to convert any amount of SOMM to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 19,343.16 SOMM. Inversely, 5 SOMM will cost about €0.001292
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Sunny Side up, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.