UMA price
Current price
$0.2620
−5.07% 24h
Live Updated just now
Today UMA drops 5.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −0.38%
- 24 hours −5.07%
- 7 days −16.29%
- 30 days −32.90%
- 1 year −72.76%
UMA's move in context
Lagging the market today
−5.07% in 24 hours against −0.91% for the market as a whole, a gap of 4.2 points. A gap this wide suggests something specific to UMA may be moving it, not just the market mood.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$355.42K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. A last price isn't an offer: what you'd pay also depends on fees, the gap between buying and selling prices, and how much is for sale.
UMA's last prices on 5 exchanges we read run from $0.2605 on MEXC to $0.2856 on HTX, 9.6% apart. Compare before you buy: fees and how much is for sale at each price differ too.
Part of a slide
−16.3% over 7 days and −32.9% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade UMA
Prices differ by up to 9.6% across these 5 exchanges, so compare before you buy.
- Binance Most traded UMA/USDT $251.2K 24h volume Last price $0.2620 0.00% vs our price
- MEXC UMA/USDT $57.19K 24h volume Last price $0.2605 −0.57% vs our price
- Bybit UMA/USDT $30.6K 24h volume Last price $0.2638 +0.69% vs our price
- KuCoin UMA/USDT $6.93K 24h volume Last price $0.2610 −0.38% vs our price
- HTX UMA/USDT $1.55K 24h volume Last price $0.2856 +9.01% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About UMA
Overview
UMA (Universal Market Access) is a decentralized finance (DeFi) protocol that enables the creation of synthetic assets on the Ethereum blockchain. Its primary mission is to provide equal access to financial markets for all participants, allowing users to create and trade any arbitrary asset on-chain without relying on a central authority. The distinguishing features of UMA include its decentralized price feeds and its unique collateralization mechanism, which allows users to unlock liquidity in crypto assets safely. By facilitating permissionless access to various financial instruments, UMA aims to democratize financial markets and empower users worldwide.
Technical Features
UMA utilizes a unique consensus mechanism based on an oracle system that provides accurate pricing for synthetic assets. The security model relies on decentralized oracles known as "priceless" oracles, which safeguard the protocol against price manipulation. The network architecture is built on Ethereum, leveraging smart contracts to automate governance and ensure operational transparency. One of UMA's key technical innovations is the use of a "Data Verification Mechanism" (DVM), which enables users to challenge oracle price feeds if they suspect discrepancies. This feature upholds the integrity and reliability of the synthetic assets created within the ecosystem.
Use Cases
UMA serves multiple use cases within the DeFi landscape. One primary application is the creation of synthetic assets that can track the value of real-world assets, thus enabling users to gain exposure without holding the underlying assets. Additionally, UMA facilitates decentralized governance through the issuance of governance tokens, allowing its community members to participate in key decision-making processes. The protocol can also be employed in yield farming, where users can earn rewards by providing liquidity for synthetic assets. Furthermore, UMA's technology can be utilized in cross-border payments, asset management, and various financial derivatives, making it a versatile tool for creating innovative financial solutions.
Development Background
UMA was co-founded by Hart Lambur and Allison Lu in 2018, with the vision to unlock the potential of DeFi through its synthetic asset offerings. Supported by the UMA project’s founding team are numerous contributors from the blockchain community who have played a role in its development. The protocol was launched in early 2020 amid growing interest in DeFi applications. Significant milestones include the introduction of its governance model and several successful funding rounds that solidified its position within the DeFi space. Notable events include partnerships with various projects in the ecosystem, enhancing UMA's adoption and use cases.
Community and Ecosystem
UMA has cultivated a vibrant community of developers, investors, and users committed to expanding its ecosystem. Support from the broader Ethereum community, along with alliances with various DeFi projects, has facilitated the launch of several applications built on the UMA protocol. UMA's community engages in governance through token-based participation, allowing members to propose and vote on improvements and new features. Partnerships with leading DeFi protocols and platforms enable seamless integration and provide users with diverse options for utilizing UMA's synthetic asset capabilities.
Future Potential
The future potential of UMA is promising, with its innovative technology addressing existing barriers in the financial ecosystem. As the demand for decentralized financial instruments continues to grow, UMA aims to expand its synthetic asset offerings and enhance its oracle solution. Upcoming features outlined in its roadmap include improved scalability and user experience, as well as strategic collaborations to increase liquidity and broaden market reach. With its focus on accessibility and innovation, UMA is well-positioned to impact DeFi markets greatly and redefine how users interact with financial products.
UMA market
- Position by market cap among the coins we track whose circulating supply is checked.
- #271
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $24.1M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $355.42K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.2550 High $0.2770
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $41.56
- Now 1% of it Reached 4 Feb 2021 · Needs +15,763% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 91.98M UMA
- 78% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 131.86M UMA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 118.33M UMA
- The most coins that can ever exist. Some coins have no limit.
UMA converter
1 UMA = $0.2620
