UMA

UMAUMA

Rank #149
Token
On 80,616 watchlists

UMA Price (UMA)

$2.29
0.90%

0.0001168 BTC0.94%

0.001727 ETH1.33%

Low:$2.25
High:$2.30
24h
UMA  UMA UMA
Price:
$2.29
 0.90%
Market Cap
$157,961,519
0.90%
Market Cap / TVL Ratio
11.99
Fully Diluted Market Cap
$231,790,746
0.90%
Total Value Locked (TVL)
$13,177,613
Volume
24h
$5,518,863
36.29%
Volume / Market Cap
0.03494
Circulating Supply
68,947,415.08 UMA
68%
Max Supply
101,172,570
Total Supply
108,858,567
Sponsored

UMA to USD Chart

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UMA to USD Converter

UMA

UMA

USD

United States Dollar

UMA Price Statistics

UMA Price Today
UMA Price$2.29
Price Change24h$0.02052
0.90%
24h Low / 24h High
$2.25 /
$2.30
Trading Volume24h$5,518,862.60
36.29%
Volume / Market Cap0.03494
Market Dominance0.02%
Market Rank#149
Total Value Locked (TVL)$13,177,613
UMA Market Cap
Market Cap$157,961,518.62
0.90%
Fully Diluted Market Cap$231,790,746.34
0.90%
UMA Price Yesterday
Yesterday's Low / High
$2.25 /
$2.30
Yesterday's Open / Close
$2.26 /
$2.29
Yesterday's Change

1.52%

Yesterday's Volume$5,457,051.20
UMA Price History
7d Low / 7d High
$2.25 /
$2.45
30d Low / 30d High
$2.25 /
$2.91
90d Low / 90d High
$2.25 /
$4.18
52 Week Low / 52 Week High
$1.88 /
$24.38
All Time High
Feb 04, 2021 (2 years ago)
$43.37
94.72%
All Time Low
May 25, 2020 (2 years ago)
$1.16
97.08%
UMA ROI

60.76%

UMA Supply
Circulating Supply68,947,415 UMA
Total Supply108,858,567 UMA
Max Supply101,172,570 UMA

UMA to USD Converter

UMA

UMA

USD

United States Dollar

UMA Price Live Data

The live UMA price today is $2.29 USD with a 24-hour trading volume of $5,518,863 USD. We update our UMA to USD price in real-time. UMA is up 0.90% in the last 24 hours. The current CoinMarketCap ranking is #149, with a live market cap of $157,961,519 USD. It has a circulating supply of 68,947,415 UMA coins and a max. supply of 101,172,570 UMA coins.

If you would like to know where to buy UMA at the current rate, the top cryptocurrency exchanges for trading in UMA stock are currently Binance, OKX, Deepcoin, MEXC, and Bybit. You can find others listed on our crypto exchanges page.

What is UMA

UMA is an optimistic oracle (OO) that can record any verifiable truth onto a blockchain. The OO has been called “a human-powered truth machine” because it is flexible enough to handle ambiguity and expands the design space possible in web3. UMA’s OO secures a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.

The Across bridge, Polymarket prediction markets, and Outcome.Finance DAO tools are all secured by UMA’s OO.

Who are UMA’s founders?

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

What makes UMA unique?

Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Oracles are vital for many parts of the blockchain industry including decentralized finance (DeFi) and Web3 applications.

An optimistic oracle like UMA's uses a “true unless disputed” pattern, with a tokenholder vote to resolve disputes. Anyone can propose an answer to a data request, and it is accepted as true if it is not disputed during a verification period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain and are instantly final.

This optimistic oracle design concept has been in development since 2014, when Vitalik first published on the matter. There have been several iterations over the years since then. The optimistic design pattern introduces the opportunity for human intelligence to weigh in. This is important for Web3 projects as they require arbitrary data that is not always possible to turn into code.

Today, the OO provides flexible, unique dispute resolution involving any kind of question or data with human input, as compared to price feed oracles, which can only push regular price updates onto chains.

How many UMA tokens are in circulation?

In September 2022, there was a supply of 108,858,567 UMA tokens with 68,947,415 in circulation.

The UMA token has traded on major exchanges for years. The token provides economic guarantees to protocols using UMA’s OO. UMA’s community of token holders provide the human component, as voters, for the OO's final resolution on disputes or queries. Tokens are also used to vote on protocol upgrades and UMA DAO funds allocations. Active and accurate voters earn a yield for their participation.

How is UMA’s optimistic oracle secured?

There are three actors in UMA’s Optimistic Oracle system: the contract requesting the data, the participant offering the data, and a potential disputant, who can dispute data if they disagree.

If a dispute arises, UMA token holders resolve the dispute within 48 hours. If the disputer is right, they get a portion of the proposer's deposit as a reward; if the disputer is wrong, they lose their deposit as a penalty, a portion of which goes to the proposer. Voting in the oracle has three phases: open voting; voting confirmation/reveal; and rewards claim period.

Rewards will compound as they are claimed. Claiming the rewards places the tokens in users’ wallets, making them active voting tokens that will increase the user’s voting power with each successful vote.

UMA’s smart contracts are designed primarily for developers building decentralized applications. All UMA token owners can participate in UMA’s optimistic oracle. UMA’s token is built on Ethereum that can be held in wallets like Metamask, Trezor, or Ledger, which must be connected to the UMA voting Dapp to enable voting.

All of UMA's oracle contracts have been audited by OpenZeppelin, in addition to the contracts for Across Protocol and Outcome's Optimistic Governor, Optimistic Distributor, and more.

Where can you buy UMA?

The UMA token can be purchased at most major centralized currency exchanges including Binance and Coinbase, and DEXs like SushiSwap and Uniswap.

Our most recent articles about UMA:

UMA to USD Converter

UMA

UMA

USD

United States Dollar

UMA Price Statistics

UMA Price Today
UMA Price$2.29
Price Change24h$0.02052
0.90%
24h Low / 24h High
$2.25 /
$2.30
Trading Volume24h$5,518,862.60
36.29%
Volume / Market Cap0.03494
Market Dominance0.02%
Market Rank#149
Total Value Locked (TVL)$13,177,613
UMA Market Cap
Market Cap$157,961,518.62
0.90%
Fully Diluted Market Cap$231,790,746.34
0.90%
UMA Price Yesterday
Yesterday's Low / High
$2.25 /
$2.30
Yesterday's Open / Close
$2.26 /
$2.29
Yesterday's Change

1.52%

Yesterday's Volume$5,457,051.20
UMA Price History
7d Low / 7d High
$2.25 /
$2.45
30d Low / 30d High
$2.25 /
$2.91
90d Low / 90d High
$2.25 /
$4.18
52 Week Low / 52 Week High
$1.88 /
$24.38
All Time High
Feb 04, 2021 (2 years ago)
$43.37
94.72%
All Time Low
May 25, 2020 (2 years ago)
$1.16
97.08%
UMA ROI

60.76%

UMA Supply
Circulating Supply68,947,415 UMA
Total Supply108,858,567 UMA
Max Supply101,172,570 UMA