Convert Sommelier SOMM to Nigerian Naira NGN

SOMM to NGN: 1 Sommelier converts to NGN 0.3924 NGN 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 NGN 0.3924 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NGN 146,064,907.68. The amount of Sommelier traded has risen by NGN 4,174,856.10 in the last 24 hours, which is a 5,118.26% increase. Additionally, in the last day, NGN 81,567.86 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NGN 0.3924 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 1.9622 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 2.55 SOMM while NGN 50.00 NGN would convert to 127.41 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 NGN was NGN 0.5089 NGN and the lowest 24 hour value was 1 SOMM for NGN 0.3504 NGN. Last month, 1 SOMM was worth NGN 0.5544 NGN. Today, it's down 28.34%. Looking back a year, Sommelier has changed by NGN 1.84 NGN. 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.

NGN 0.3924Price
NGN 146.06MMarket cap
NGN 81.57KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to NGN values from Today at 8:06 am

0.5 SOMM = NGN 0.1962 NGN
1 SOMM = NGN 0.3924 NGN
5 SOMM = NGN 1.96 NGN
10 SOMM = NGN 3.92 NGN
50 SOMM = NGN 19.62 NGN
100 SOMM = NGN 39.24 NGN
500 SOMM = NGN 196.22 NGN
1,000 SOMM = NGN 392.44 NGN

NGN to SOMM values from Today at

NGN 0.50 NGN = 1.27 SOMM
NGN 1.00 NGN = 2.55 SOMM
NGN 5.00 NGN = 12.74 SOMM
NGN 10.00 NGN = 25.48 SOMM
NGN 50.00 NGN = 127.41 SOMM
NGN 100.00 NGN = 254.82 SOMM
NGN 500.00 NGN = 1,274.08 SOMM
NGN 1,000.00 NGN = 2,548.16 SOMM

SOMM to NGN over time

SOMM
Today
24H
-26.72%
1M
-41.27%
1Y
-368.11%
0.5 SOMM
NGN 0.1962 NGN
NGN 0.2486 NGN
NGN 0.2772 NGN
NGN 0.9185 NGN
1 SOMM
NGN 0.3924 NGN
NGN 0.4973 NGN
NGN 0.5544 NGN
NGN 1.84 NGN
5 SOMM
NGN 1.96 NGN
NGN 2.49 NGN
NGN 2.77 NGN
NGN 9.19 NGN
10 SOMM
NGN 3.92 NGN
NGN 4.97 NGN
NGN 5.54 NGN
NGN 18.37 NGN
50 SOMM
NGN 19.62 NGN
NGN 24.86 NGN
NGN 27.72 NGN
NGN 91.85 NGN
100 SOMM
NGN 39.24 NGN
NGN 49.73 NGN
NGN 55.44 NGN
NGN 183.70 NGN
500 SOMM
NGN 196.22 NGN
NGN 248.64 NGN
NGN 277.21 NGN
NGN 918.52 NGN
1,000 SOMM
NGN 392.44 NGN
NGN 497.28 NGN
NGN 554.41 NGN
NGN 1,837.05 NGN

Frequently asked questions

Right now, 1 Sommelier is worth about NGN 0.3924.

Based on the current rate, you could get 2.55 SOMM for 1 NGN.

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 NGN calculator at the top of this page to convert any amount of SOMM to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 12.74 SOMM. Inversely, 5 SOMM will cost about NGN 1.96

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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