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UMA (UMA)
UMA (UMA)
2.08 3.05 %
Rank # 276 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 81,816,747.00
Total Supply 120,128,032.03
Max Supply 120,128,032.03
  • Ethereum ethereum-0x04fa0d235c4abf4bcf4787af4cf447de572ef828
  • Ethereum avalanche-0x3bd2b1c7ed8d396dbb98ded3aebb41350a5b2339
  Week Month Year All Time
High

13-Jul-2024

2.08
0.00%

27-Jun-2024

2.639132204311
-21.19%

24-Jan-2024

6.289809730046
-66.93%

04-Feb-2021

₹5,730,800.59
-94.98%
Low

12-Jul-2024

1.988619938936
4.60%

05-Jul-2024

1.828007535315
13.79%

13-Oct-2023

1.254161447384
65.85%

29-Apr-2020

₹5,628.29
586.40%

UMA News (Uma News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

UMA Chart (Uma Chart)

UMA Price USD (Uma Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
UMA Price History (Uma Price History)
Price Market Cap Volume Date
Coin UMA
Comments
UMA Price Today (Uma Price Today)

UMA is an optimistic oracle (OO) capable of storing any verifiable fact on a blockchain. The OO has been named "a human-powered truth machine" since it is adaptable enough to manage uncertainty and widens the design space available in web3. UMA's OO protects a broad ecosystem of web3 apps, including cross-chain bridges, insurance protocols, prediction markets, and configurable DAO toolset items.

UMA's OO safeguards the Across bridge, Polymarket prediction markets, and Outcome.Finance DAO tools.

UMA was established in 2018 by Allison Lu and Hart Lambur, two former Goldman Sachs traders, with the aim of achieving widely accessible, safe, and decentralised markets.

The team was inspired by traditional finance derivatives while developing an open-source protocol that would allow anybody, anywhere to create and build trustless financial contracts.

Oracles are a crucial component of the blockchain's architecture. They allow for trustless communication between the outside world and on-chain ecosystems. Oracles are critical for many aspects of the blockchain industry, such as decentralised finance (DeFi) and Web3 apps.

An optimistic oracle, such as UMA's, employs a "true unless contested" structure, with a tokenholder vote to settle disputes. Anyone can offer a response to a data request, and it is regarded as true if it is not challenged within a verification time. The "optimistic" architecture varies from a price-feed oracle, in which prices are broadcast on-chain and become definitive immediately.

To know more about the UMA price prediction, install the top cryptocurrency app CoinGabbar today!

Frequently Asked Questions (Crypto FAQs)
The current price of UMA (UMA) is USD 2.08
24 Hours, High Price of UMA (UMA) is USD 2.08 and Low price of UMA (UMA) is USD 2
The total supply of UMA (UMA) is 120128032.02585 and Circulating supply of UMA (UMA) is 81,816,747.00
The trading volume of UMA (UMA) is 26798655 In the last 24 hours
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