Sommelier

Price

(somm)
Note: This platform does not support trading services in this currency
$0.00104742 -2.6%
  • 1 Hour
  • 24 Hours
  • 7 Days
  • 14 Days
  • 30 Days
  • 1 Yr
  • +0.1%
  • -2.6%
  • -11.6%
  • -20.6%
  • -0.7%
  • -95.2%

Overview

somm Price Live Data

Today's price of Sommelier (SOMM) is US$0.00104742 and the 24 hour trading volume is US$4491.26. This shows the price for the last 24 hours is Decrease to -2.68% and the price for the past 7 days is Decrease to -11.68%. The circulation supply is 366.094922 million SOMM and the market cap of Sommelier is US$383,309.

somm Price Information

24h Low/High

24h Low $0.00087174
24h High $0.00118806

All Time High

US$7.09

All Time Low

US$0.00067728

High Price 7D

US$0.00127758

Low Price 7D

US$0.00087174

somm Market Information

Market Cap Ranking

5494

Fully Diluted Valuation

US$523510

Total Supply

500,000,000

Maximum Supply

500000000

Market Cap Advantages

0%

Circulation Supply/Total Market Cap

0.011

About somm

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.

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