# Sommelier (SOMM)

**Current Price:** $0.0004398 (📉 -2.6% 24h)

**Price in BTC:** 0 BTC

**Rank:** #5510

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## Market Statistics

| Metric | Value |
|--------|-------|
| Market Cap | $164.8K |
| Fully Diluted | $219.9K |
| Volume (24h) | $2 |
| Vol/Mkt Cap | 0% |
| Total Supply | 500,000,000 |
| Circulating Supply | 374,797,031 |

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## Price Changes

| Period | Change |
|--------|--------|
| 1 Hour | 0% |
| 24 Hours | -2.6% |
| 7 Days | +10.17% |

### All-Time Records

- **All-Time High:** $7.09 (-99.99% from ATH) on Feb 9, 2022

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## Contract Addresses

- **Ethereum:** `0xa670d7237398238de01267472c6f13e5b8010fd1`
- **Cosmos:** `ibc/9BBA9A1C257E971E38C1422780CE6F0B0686F0A3085E2D61118D904BFE0F5F5E`
- **Osmosis:** `ibc/9BBA9A1C257E971E38C1422780CE6F0B0686F0A3085E2D61118D904BFE0F5F5E`

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## Website

- [sommelier.finance](<https://sommelier.finance/>)

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## Explorers

- [mintscan.io](<https://www.mintscan.io/osmosis/assets/ibc/aWJjLzlCQkE5QTFDMjU3RTk3MUUzOEMxNDIyNzgwQ0U2RjBCMDY4NkYwQTMwODVFMkQ2MTExOEQ5MDRCRkUwRjVGNUU=>)
- [intel.arkm.com](<https://intel.arkm.com/explorer/token/sommelier>)
- [etherscan.io](<https://etherscan.io/token/0xa670d7237398238de01267472c6f13e5b8010fd1>)
- [ethplorer.io](<https://ethplorer.io/address/0xa670d7237398238de01267472c6f13e5b8010fd1>)

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## Categories

- [Cosmos Ecosystem](<https://coinstats.app/categories/62cf32500fe1c959b31bfa3b/>)
- [Ethereum Ecosystem](<https://coinstats.app/categories/62df90f00fe1c959b306feb9/>)
- [Osmosis Ecosystem](<https://coinstats.app/categories/658db4758467470f89ddca85/>)
- [Restaking](<https://coinstats.app/categories/65a03103b42a4d555dfb20e0/>)
- [LRTfi](<https://coinstats.app/categories/65a17ec9a5556ecce2d55426/>)
- [Multicoin Capital Portfolio](<https://coinstats.app/categories/65ba3fb23a696495d9d3e8be/>)
- [Alameda Research Portfolio](<https://coinstats.app/categories/6628fd2f54e27f73de2af8df/>)

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## Community

- [Telegram](<https://t.me/getsomm>)
- [Twitter](<https://twitter.com/sommfinance>)

---

## About Sommelier

<h2>What is Sommelier?</h2>
<p>Sommelier is a decentralized finance \(DeFi\) protocol that enables users to earn yield on their digital assets\. It provides an automated market maker \(AMM\) platform for users to trade tokens and earn rewards from liquidity mining\. The Sommelier protocol allows users to deposit their digital assets into the pool and receive a share of the trading fees generated by the pool\. This helps to create a more liquid and efficient market, as well as providing passive income opportunities\.</p> 
<p>The Sommelier protocol is powered by its native token, SOMEL, which acts as the governance token of the network\. SOMEL holders can vote on various proposals such as changes in liquidity mining rewards or new features\. They also have access to exclusive benefits such as discounted trading fees and early access to new products\.</p> 
<p>Sommelier also offers an innovative staking mechanism called “Yield Farming” which allows users to stake their tokens in order to generate additional rewards\. These rewards are distributed proportionally among all participants who have staked their tokens in the pool\.</p> 
<p>In addition, Sommelier has integrated several popular DeFi protocols such as MakerDAO, Compound Finance, Uniswap, Synthetix and Aave into its platform\. This allows users to easily access these protocols without having to switch between different platforms\.</p> 
<p>Overall, Sommelier is an innovative DeFi protocol that provides users with a secure platform for earning yield on their digital assets while taking advantage of various features such as liquidity mining and yield farming\.</p><a href="https://sommelier\.finance/">Learn more about Sommlier here</a>\.

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## Sommelier Token Risks

**Trust Score:** 72/100

| Risk Type | Severity | Result |
|-----------|----------|--------|
| Centralized Burn | 🟠 high | ✗ Failed |
| Blacklist | 🟠 high | ✗ Failed |
| Unauthorized Token Approvals | 🟠 high | ✗ Failed |
| Proxy (Upgradeable) | 🟠 high | ✗ Failed |
| Centralized Mint | 🟠 high | ✗ Failed |
| Selfdestruct | 🟠 high | ✗ Failed |
| Transfer event amount mismatch | 🟠 high | ✗ Failed |
| External call in transfer | 🟡 medium | ✗ Failed |
| No Transfer event emitted | 🟡 medium | ✗ Failed |
| Cooldown checks | 🟡 medium | ✗ Failed |
| Blockable Transfer | 🟡 medium | ✗ Failed |
| Approval event not emitted | 🟡 medium | ✗ Failed |
| Pausable | 🟡 medium | ✗ Failed |
| Balance Manipulation | 🟡 medium | ✗ Failed |
| Basic Transfer Fee | 🟡 medium | ✗ Failed |
| Whitelist | 🟢 low | ✗ Failed |
| Asset Withdrawal | ⚪ minor | ✗ Failed |
| ETH Balance Sweep | ⚪ minor | ✗ Failed |
| Not fully ERC20 compliant | ⚪ minor | ✗ Failed |
| Assembly usage in transfer | ⚪ minor | ✗ Failed |

[Learn more about token risks](<https://coinstats.app/blog/risks/>)

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## Related Assets

### Coins that Sommelier holders also hold

- **Cosmos Hub** () (1% holding)
- **Ethereum** () (1% holding)
- **Bitcoin** () (1% holding)

### Trending Cryptocurrencies

- **Solana** (SOL)
- **Pi Network** (PI)
- **Bittensor** (TAO)
- **Zcash** (ZEC)
- **Tether Gold** (XAUT)
- **Sui** (SUI)
- **XRP** (XRP)
- **pippin** (PIPPIN)

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- **PYSOPS** ()
- **Rhetor** ()
- **Professional Fighters League Fan Token** ()

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## Sommelier News

### [Renowned Trader Shares List of Cosmos (ATOM) Ecosystem Coins That Could Skyrocket](<https://coinstats.app/news/1fe1ca9c9ae04577b129a529d902bab1178e0de74e488482ac5fce1f69d8daf9_Renowned-Trader-Shares-List-of-Cosmos-ATOM-Ecosystem-Coins-That-Could-Skyrocket>)
*Unknown - Jan 17, 2024*

The cryptocurrency market is witnessing a surge in the popularity of the Cosmos \(ATOM\) ecosystem, with many coins gaining bullish momentum\....

### [Three Notable Cosmos Altcoins Garnering Attention](<https://en.bitcoinhaber.net/three-notable-cosmos-altcoins-garnering-attention?utm_medium=referral&utm_source=coinstats>)
*Unknown - Jan 12, 2024*

The Cosmos ecosystem is gaining traction with significant price increases and attractive airdrop opportunities for crypto enthusiasts\. Analyst Camille Lemmens highlights three Cosmos altcoins: Quasar ...

### [Cosmos Ekosisteminde 50x-100x Potansiyeli Olan 3 Altcoin](<https://coinstats.app/news/aa42364b2be259f2f7d18cf2e909b809f728d12d9627893b7001e572a3f01f4e_Cosmos-Ekosisteminde-50x100x-Potansiyeli-Olan-3-Altcoin>)
*Unknown - Jan 12, 2024*

Analist Camille Lemmens Cosmos ekosisteminde dikkat çeken 3 kripto para birimini araştırdı\....

### [Sommelier & Axelar Launch Multichain DeFi Expansion to Span Cosmos & Arbitrum One](<https://coinstats.app/news/49TmylN0hP_Sommelier--Axelar-Launch-Multichain-DeFi-Expansion-to-Span-Cosmos--Arbitrum-One>)
*Unknown - May 2, 2023*

Axelar brings General Message Passing to the Cosmos, allowing Sommelier to deploy intelligent DeFi vaults on Ethereum&\#8217;s top L2 NEW YORK&\#8211;\(BUSINESS WIRE\)&\#8211;$ARB \#arbitrum&\#8212;Sommelier...

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## Also Check Sommelier Price On

- [CoinGecko](<https://www.coingecko.com/en/coins/sommelier>)
- [CoinMarketCap](<https://coinmarketcap.com/currencies/sommelier>)
