Currencies33597
Market Cap$ 3.48T+0.70%
24h Spot Volume$ 38.85B-3.12%
DominanceBTC60.71%-0.27%ETH8.79%-0.13%
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Sommelier

Sommelier SOMMPrice N/A

SOMM Price

N/A

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

# Inactive

Funds and Backers

Description

Sommelier is a decentralized asset management protocol.

Sommelier (SOMM) Chart

Sommelier price Index provides the latest SOMM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

ATH Market Cap

$ 10.55M

Max Supply

SOMM 500,000,000

Total Supply

SOMM 500,000,000

All Time High

$ 7.98

10 Feb 2022


All Time Low

$ 0.0007

3 Jun 2025

Trending Sommelier Fiat Pairs

What is Sommelier (SOMM)?

Sommelier is a coprocessor for Ethereum that moves DeFi assets from Automated Market Makers (AMMs) into higher yields more quickly and cheaply than previously possible. This is done through automated investment strategies implemented across different protocols. Community members can create Cellars that execute 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.

What are the main use cases for Sommelier?

  • Automatically rebalance your portfolio when pool performance changes such that impermanent and unrealized losses require a change in strategy
  • Automatically rebalance the portfolio to focus on high yield Liquidity Provider opportunities and exit lower-yielding opportunities
  • Aggregating and batching transactions with Sommelier will yield lower gas prices for growing demand among Liquidity Providers to manage pool position and performance
  • Native transaction batching and roll-ups deliver greater liquidity momentum to capture on-chain yield on the Ethereum blockchain.

SOMM is the token that underlies all transactions on the Sommelier protocol. It captures the fee revenue that is generated by the system and incentivizes each role in the ecosystem to continue performing their function and participate in protocol governance.

There are six different ways to generate revenue using Sommelier:

  • Earn yield through depositing ETH token pairs into a Cellar
  • Create a Cellar and earn fees as a percentage of Cellar profits
  • Provide a Strategy to one or multiple Cellars and earn fees as a percentage of Cellar profits
  • Validate transactions on the SOMM network and earn revenue as a small percentage of fees from the Cellars
  • Build your own frontend for the Sommelier protocol and earn fees generated from your users.

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