Convert Sommelier SOMM to Canadian Dollar CAD

SOMM to CAD: 1 Sommelier converts to CA$0.0004187 CAD as of May 9 at 6:37 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is CA$0.0004187 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$156,031.70. The amount of Sommelier traded has fallen by -CA$15.13 in the last 24 hours, which is a 86.70% decrease. Additionally, in the last day, CA$17.45 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is CA$0.0004187 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0020933 CAD. Inversely, CA$1.00 CAD would allow you to trade for 2,388.63 SOMM while CA$50.00 CAD would convert to 119,431.30 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 32.17%. Meanwhile, in the last 24 hours, the rate has changed by 0%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0004166 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0004162 CAD. Last month, 1 SOMM was worth CA$0.0004116 CAD. Today, it's up 2.17%. Looking back a year, Sommelier has changed by CA$0.003562 CAD. That means that in a single year, the value of Sommelier has shrank by 88.08%.

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$0.0004187Price
CA$156.03KMarket cap
CA$17.45Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to CAD values from Today at 6:37 pm

0.5 SOMM = CA$0.0002093 CAD
1 SOMM = CA$0.0004187 CAD
5 SOMM = CA$0.002093 CAD
10 SOMM = CA$0.004187 CAD
50 SOMM = CA$0.02093 CAD
100 SOMM = CA$0.04187 CAD
500 SOMM = CA$0.2093 CAD
1,000 SOMM = CA$0.4187 CAD

CAD to SOMM values from Today at

CA$0.50 CAD = 1,194.31 SOMM
CA$1.00 CAD = 2,388.63 SOMM
CA$5.00 CAD = 11,943.13 SOMM
CA$10.00 CAD = 23,886.26 SOMM
CA$50.00 CAD = 119,431.30 SOMM
CA$100.00 CAD = 238,862.60 SOMM
CA$500.00 CAD = 1,194,312.98 SOMM
CA$1,000.00 CAD = 2,388,625.97 SOMM

SOMM to CAD over time

SOMM
Today
24H
0.51%
1M
1.68%
1Y
-750.82%
0.5 SOMM
CA$0.0002093 CAD
CA$0.0002083 CAD
CA$0.0002058 CAD
CA$0.001781 CAD
1 SOMM
CA$0.0004187 CAD
CA$0.0004165 CAD
CA$0.0004116 CAD
CA$0.003562 CAD
5 SOMM
CA$0.002093 CAD
CA$0.002083 CAD
CA$0.002058 CAD
CA$0.01781 CAD
10 SOMM
CA$0.004187 CAD
CA$0.004165 CAD
CA$0.004116 CAD
CA$0.03562 CAD
50 SOMM
CA$0.02093 CAD
CA$0.02083 CAD
CA$0.02058 CAD
CA$0.1781 CAD
100 SOMM
CA$0.04187 CAD
CA$0.04165 CAD
CA$0.04116 CAD
CA$0.3562 CAD
500 SOMM
CA$0.2093 CAD
CA$0.2083 CAD
CA$0.2058 CAD
CA$1.78 CAD
1,000 SOMM
CA$0.4187 CAD
CA$0.4165 CAD
CA$0.4116 CAD
CA$3.56 CAD

Frequently asked questions

Right now, 1 Sommelier is worth about CA$0.0004187.

Based on the current rate, you could get 2,388.63 SOMM for 1 CAD.

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 11,943.13 SOMM. Inversely, 5 SOMM will cost about CA$0.002093

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, Web3 Doge, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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