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).
Buy UMA
Trading Insights
Buyer Ratio
Traders
48
-26.15%
Buyers
18
-28%
Sellers
30
-25%
Searched
46
Market Stats
Market Cap
£86.67M
-0.36%
FDV
£121.32M
Circ. Supply
90M UMA
Max Supply
Not enough data
Total Supply
126M UMA
Diluted Valuation
£121.22M
Performance
Popularity
#337
Dominance
0%
Volume (24H)
£7.42M
-16.19%
Volume (7D)
£67.12M
Volume (30D)
£198.04M
All time high
£33.26
Price Change (1Y)
-44.75%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of UMA has decreased by 0.15% in the last hour and decreased by 0.11% in the past 24 hours. UMA’s price has also fallen by 7.00% in the past week. The current price is £0.96 per UMA with a 24-hour trading volume of £7.42M. Currently, UMA is valued at 97.10% below its all time high of £33.26. This all-time high was the highest price paid for UMA since its launch.
The current circulating supply of UMA is 90,109,456.651 UMA which means that UMA has as total market cap of £86,665,879.04.
Market details
UMA vs markets
↘ 70.25%
UMA vs BTC
↘ 69.64%
UMA vs ETH
↘ 68.05%
Tags
defi
derivatives
oracles
dao
+3
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828 | |
Avalanche C-Chain | 0x3Bd2B1c7ED8D396dbb98DED3aEbb41350a5b2339 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.96 | ↘ 0.11% |
1 Day | £0.97 | ↘ 0.11% |
1 Week | £1.03 | ↘ 7.00% |
1 Month | £1.03 | ↘ 6.76% |
1 Year | £1.77 | ↘ 44.75% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
UMA's optimistic oracle system may have a range of potential use cases. It can be used to enable more trustless forms of DAO governance, as seen in the first product using this, oSnap, which is a trustless method to execute the results of a Snapshot vote on chain. UMA can also be used in prediction markets, insurance protocols, cross-chain communication, and real-world assets. Furthermore, UMA's smart contracts can be used by developers building decentralized applications, and UMA token owners have the ability to participate in UMA’s optimistic oracle.
UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders. Their goal was to make global markets universally fair, accessible, and decentralized. The team drew inspiration from traditional finance derivatives to define an open-source protocol that allows anyone, anywhere, to design and build trustless financial contracts. The optimistic oracle design concept has been in development since 2014, when Vitalik Buterin first published on the matter. Over the years, there have been several iterations leading to the current design of UMA's optimistic oracle. As of September 2022, there was a supply of 108,858,567 UMA tokens with 68,947,415 in circulation.
We update our UMA to GBP currency in real-time. Get the live price of UMA on Coinbase.
The current market cap of UMA is £86.67M. A high market cap implies that the asset is highly valued by the market.
The all-time high of UMA is £33.26. This all-time high is highest price paid for UMA since it was launched.
Over the last 24 hours, the trading volume of UMA is £7.42M.
Assets that have a similar market cap to UMA include Humanity Protocol, Solar, Osmosis, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of UMA is 90 million.
UMA ranks 124 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 61% of Coinbase users are buying UMA. In other words, 61% of Coinbase customers have increased their net position in UMA over the past 24 hours through trading.
Yes, UMA is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy UMA guide.
UMA news
Trending articles
Social stats
Popularity in posts
#888
Contributors
0
Posts
0
% About UMA
0.034%
Hold times
0 days
X (Twitter)
0% bullish
Sentiment
3.3 ★
Highlights
0 unique individuals are talking about UMA and it is ranked #888 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, UMA has an average sentiment score of 65 out of 5. Finally, UMA is becoming less newsworthy, with 0 news articles published about UMA.
On Reddit, UMA was mentioned in 0 Reddit posts and there were 0 comments about UMA. 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
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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