About UMA
UMA is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
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Buyer Ratio
Traders
30
31.82%
Buyers
6
45.45%
Sellers
24
31.43%
Searched
20
Market Stats
Market Cap
$64.61M
6.97%
FDV
$91.95M
Circ. Supply
90M UMA
Max Supply
Not enough data
Total Supply
127M UMA
Diluted Valuation
$92.20M
Performance
Popularity
#360
Dominance
0%
Volume (24H)
$7.39M
21.38%
Volume (7D)
$56.04M
Volume (30D)
$167.23M
All time high
$44.99
Price Change (1Y)
Not enough data
74.06%
Additional details
Market details
UMA vs markets
↘ 70.48%
UMA vs BTC
↘ 71.38%
UMA vs ETH
↘ 73.45%
Tags
defi
derivatives
oracles
dao
+3
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828 | |
Avalanche C-Chain | 0x3Bd2B1c7ED8D396dbb98DED3aEbb41350a5b2339 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.72 | |
1 Day | $0.78 | |
1 Week | $0.76 | |
1 Month | $0.68 | |
1 Year | $2.78 |
FAQ
UMA, an acronym for Universal Market Access, is a decentralized financial contracts platform that strives to enable universal market access. It is an optimistic oracle (OO) that has the potential to record any verifiable truth onto a blockchain. This unique feature has led to UMA's OO being referred to as a "human-powered truth machine". It is designed to be flexible enough to handle ambiguity and expands the design space possible in web3. UMA's OO is used in a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.
UMA operates through an optimistic oracle system that verifies data in stages. Initially, a statement is proposed as true and submitted along with a bond. This bond acts as a bounty for anyone to dispute it if they have evidence to the contrary. If the statement is not disputed during the challenge period, it is accepted as true. If a dispute arises, UMA token holders resolve the dispute within 48 hours. If the disputer is right, they receive a portion of the proposer's bond; if the disputer is wrong, they lose their bond, a portion of which is given to the proposer. This system introduces the opportunity for human intelligence to weigh in, which is crucial for Web3 projects as they require arbitrary data that is not always possible to turn into code.
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