About Umbrella Network
ERC20 Token for Umbrella Network's community owned, layer 2 oracle
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Market Stats
Market Cap
$754,842.62
2.55%
FDV
$1,153,104.24
Circulating Supply
292,962,636 UMB
Max Supply
447,532,308 UMB
Total Supply
332,401,437 UMB
Diluted Valuation
$1,140,974.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$71,422.81
0.02%
Volume (7D)
$518,645.47
Volume (30D)
$2,308,066.41
All time high
$2.58
Overall Price Change (1Y)
-0.87%
Additional info about Umbrella Network
Recent trends
The price of Umbrella Network has decreased by 0.29% in the last hour and increased by 2.57% in the past 24 hours. Umbrella Network’s price has also risen by 9.06% in the past week. The current price is $0.0026 per UMB with a 24-hour trading volume of $71.42K. Currently, Umbrella Network is valued at 99.90% below its all time high of $2.58. This all-time high was the highest price paid for Umbrella Network since its launch. The current circulating supply of Umbrella Network is 292,962,636 UMB which means that Umbrella Network has as total market cap of $754,842.62.
Market details
UMB vs markets
↘ 90.11%
UMB vs BTC
↘ 91.83%
UMB vs ETH
↘ 78.75%
Tags
defi
oracles
polkastarter
bounce-launchpad
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6fC13EACE26590B80cCCAB1ba5d51890577D83B2 | |
BNB Smart Chain | 0x846F52020749715F02AEf25b5d1d65e48945649D | |
MultiversX | UMB-e2b3d8 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0026 | ↗ 2.57% |
1 Day | $0.0025 | ↗ 2.57% |
1 Week | $0.0024 | ↗ 9.06% |
1 Month | $0.0024 | ↗ 6.82% |
1 Year | $0.0201 | ↘ 87.15% |
FAQ
Umbrella Network (UMB) is a community-owned decentralized oracle for DeFi applications. DeFi is the term used for peer-to-peer financial services on a public blockchain. The platform aims at securely bringing all the available data across the globe on-chain. Using the Umbrella platform, traders and developers can access the revolutionary financial unavailable data in the crypto space.
The platform seeks to provide data solutions to exhibit high volume scalability and helps to provide diversified data. Umbrella network nodes are built on Layer 2 Merkle Trees to improve scalability and maintain data security. Merkle trees are a nonlinear binary hash tree-like data structure that helps verify data information without accessing the whole data set. In addition, Merkle Trees technology allows the Umbrella platform to aggregate thousands of transactions.
UMB is the native token for Umbrella Network. The UMB token is deployed on Ethereum and Binance Smart Chain (BSC) mainnet. Ethereum is a platform that can run a variety of applications. BSC is a decentralized blockchain network that enables the creation of and staking mechanisms. Mainnet is an independent blockchain running on its technology and protocol. UMB is compatible with ERC-20. ERC-20 defines how the tokens are transferred between the traders and how traders can access data.
According to the UMB litepaper, Umbrella Network aims to provide multiple beneficial activities to select validators’ nodes, governance activities, and decisions about ways of network operations. Besides this, the token delegated a proof-of-stake mechanism that helps the holders to achieve user fees. Moreover, the platform seeks to provide proper security to decentralize financial applications in lower-cost amounts.
The litepaper of Umbrella Network was published on January 27, 2021. A team of twenty-two members launched Umbrella Network. Sam Kim, the senior adviser; John Chen, the president; and Migull Morales, the technical adviser, led the team.
We update our Umbrella Network to USD currency in real-time. Get the live price of Umbrella Network on Coinbase.
The current market cap of Umbrella Network is $754.84K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Umbrella Network is $2.58. This all-time high is highest price paid for Umbrella Network since it was launched.
Over the last 24 hours, the trading volume of Umbrella Network is $71.42K.
Assets that have a similar market cap to Umbrella Network include Perion, Cheems, MetaBeat, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Umbrella Network is 293 million.
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Social stats
Popularity in posts
#2724
Contributors
11
Posts
21
% About Umbrella Network
0.01%
Hold times
0 days
X (Twitter)
100% bullish
Sentiment
4.2 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
11 unique individuals are talking about Umbrella Network and it is ranked #2,724 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Umbrella Network has an average sentiment score of 84 out of 5. Finally, Umbrella Network is becoming less newsworthy, with 0 news articles published about Umbrella Network.
On Twitter, people are mostly bullish about Umbrella Network. There were 100% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Umbrella Network. 0% of tweets were neutral about Umbrella Network. These sentiments are based on 3 tweets.
On Reddit, Umbrella Network was mentioned in 17 Reddit posts and there were 1 comments about Umbrella Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.