Convert Sommelier SOMM to Canadian Dollar CAD

SOMM to CAD: 1 Sommelier converts to CA$0.0004 CAD as of August 16 at 8:06 AM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is CA$0.0004 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$149,108.79. The amount of Sommelier traded has risen by CA$4,261.86 in the last 24 hours, which is a 5,118.26% increase. Additionally, in the last day, CA$83.27 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0004 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0020002 CAD. Inversely, CA$1.00 CAD would allow you to trade for 2,499.71 SOMM while CA$50.00 CAD would convert to 124,985.58 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 20.56%. Meanwhile, in the last 24 hours, the rate has changed by 21.13%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0005195 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0003576 CAD. Last month, 1 SOMM was worth CA$0.0005659 CAD. Today, it's down 28.34%. Looking back a year, Sommelier has changed by CA$0.001659 CAD. That means that in a single year, the value of Sommelier has shrank by 75.96%.

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.

CA$0.0004Price
CA$149.11KMarket cap
CA$83.27Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to CAD values from Today at 8:06 am

0.5 SOMM = CA$0.0002 CAD
1 SOMM = CA$0.0004 CAD
5 SOMM = CA$0.002 CAD
10 SOMM = CA$0.004 CAD
50 SOMM = CA$0.02 CAD
100 SOMM = CA$0.04 CAD
500 SOMM = CA$0.20 CAD
1,000 SOMM = CA$0.40 CAD

CAD to SOMM values from Today at

CA$0.50 CAD = 1,249.86 SOMM
CA$1.00 CAD = 2,499.71 SOMM
CA$5.00 CAD = 12,498.56 SOMM
CA$10.00 CAD = 24,997.12 SOMM
CA$50.00 CAD = 124,985.58 SOMM
CA$100.00 CAD = 249,971.16 SOMM
CA$500.00 CAD = 1,249,855.81 SOMM
CA$1,000.00 CAD = 2,499,711.62 SOMM

SOMM to CAD over time

SOMM
Today
24H
-26.87%
1M
-41.47%
1Y
-314.80%
0.5 SOMM
CA$0.0002 CAD
CA$0.0002538 CAD
CA$0.000283 CAD
CA$0.0008297 CAD
1 SOMM
CA$0.0004 CAD
CA$0.0005075 CAD
CA$0.0005659 CAD
CA$0.001659 CAD
5 SOMM
CA$0.002 CAD
CA$0.002538 CAD
CA$0.00283 CAD
CA$0.008297 CAD
10 SOMM
CA$0.004 CAD
CA$0.005075 CAD
CA$0.005659 CAD
CA$0.01659 CAD
50 SOMM
CA$0.02 CAD
CA$0.02538 CAD
CA$0.0283 CAD
CA$0.08297 CAD
100 SOMM
CA$0.04 CAD
CA$0.05075 CAD
CA$0.05659 CAD
CA$0.1659 CAD
500 SOMM
CA$0.20 CAD
CA$0.2538 CAD
CA$0.283 CAD
CA$0.8297 CAD
1,000 SOMM
CA$0.40 CAD
CA$0.5075 CAD
CA$0.5659 CAD
CA$1.66 CAD

Frequently asked questions

Right now, 1 Sommelier is worth about CA$0.0004.

Based on the current rate, you could get 2,499.71 SOMM for 1 CAD.

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 CAD calculator at the top of this page to convert any amount of SOMM to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 12,498.56 SOMM. Inversely, 5 SOMM will cost about CA$0.002

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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