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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 SKY
Sommelier is falling, while Sky is climbing this week. The current SOMM to SKY conversion rate is 0.004301. Inversely, this means that if you convert 1 SKY you will get 232.52 SOMM. The conversion rate of SOMM/SKY has increased by 1.24% in the last hour (SKY/SOMM decreased by 1.24%). In the last 24 hours, SOMM/SKY shrunk by 31.71%, while SKY/SOMM grew by the same amount.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is 0.004301 SKY. In other words, to buy 5 Sommelier, it would cost you 0.021503 SKY. Inversely, 1 SKY would allow you to trade for 232.52 SOMM while 50 SKY would convert to 11,626.03 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 34.31%. Meanwhile, in the last 24 hours, the rate has changed by 30.82%, and that the highest exchange rate of 1 SOMM to SKY was 0.005826 SKY and the lowest 24 hour value was 1 SOMM for 0.003978 SKY. Last month, 1 SOMM was worth 0.006981 SKY. Today, it's down 62.32%. Looking back a year, Sommelier has changed by 0.01646 SKY. That means that in a single year, the value of Sommelier has shrank by 282.72%.
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.
Sky Market Stats
The SKY token is the native governance and utility token of the Sky Protocol, a decentralized finance (DeFi) platform that evolved from MakerDAO. It plays a central role in the protocol’s ecosystem, supporting a range of financial services and community-driven governance.
Conversion tables
SOMM to SKY values from Today at 7:33 am
0.5 SOMM = 0.00215 SKY |
1 SOMM = 0.004301 SKY |
5 SOMM = 0.0215 SKY |
10 SOMM = 0.04301 SKY |
50 SOMM = 0.215 SKY |
100 SOMM = 0.4301 SKY |
500 SOMM = 2.15 SKY |
1,000 SOMM = 4.30 SKY |
SKY to SOMM values from Today at 7:35 am
0.5 SKY = 116.26 SOMM |
1 SKY = 232.52 SOMM |
5 SKY = 1,162.60 SOMM |
10 SKY = 2,325.21 SOMM |
50 SKY = 11,626.03 SOMM |
100 SKY = 23,252.06 SOMM |
500 SKY = 116,260.29 SOMM |
1,000 SKY = 232,520.58 SOMM |
SOMM to SKY over time
SOMM | Today | 24H -30.82% | 1M -62.32% | 1Y -282.72% |
|---|---|---|---|---|
0.5 SOMM | 0.00215 SKY | 0.002813 SKY | 0.00349 SKY | 0.00823 SKY |
1 SOMM | 0.004301 SKY | 0.005626 SKY | 0.006981 SKY | 0.01646 SKY |
5 SOMM | 0.0215 SKY | 0.02813 SKY | 0.0349 SKY | 0.0823 SKY |
10 SOMM | 0.04301 SKY | 0.05626 SKY | 0.06981 SKY | 0.1646 SKY |
50 SOMM | 0.215 SKY | 0.2813 SKY | 0.349 SKY | 0.823 SKY |
100 SOMM | 0.4301 SKY | 0.5626 SKY | 0.6981 SKY | 1.65 SKY |
500 SOMM | 2.15 SKY | 2.81 SKY | 3.49 SKY | 8.23 SKY |
1,000 SOMM | 4.30 SKY | 5.63 SKY | 6.98 SKY | 16.46 SKY |
Frequently asked questions
Right now, 1 Sommelier is worth about €0.0001932.
Based on the current rate, you could get 5,175.60 SOMM for 1 EUR.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. 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 25,878.02 SOMM. Inversely, 5 SOMM will cost about €0.0009661
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 FreeRossDAO, Tanuki, and WERC. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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