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UMA

UMA priceUMA

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Quote currency:
USD
UMA
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USD
1 UMA = 2.9 USD
Last updated 2024-04-23 15:26:15(UTC-0)

UMA price live data summary

The live price of UMA is $2.9 per (UMA / USD) today with a current market cap of $231.29M USD. The 24-hour trading volume is $8.41M USD. UMA to USD price is updated in real time. UMA is +2.56% in the last 24 hours. It has a circulating supply of 79,793,160 .

What is the highest price of UMA?

UMA has an all-time high (ATH) of $43.37, recorded on 2021-02-04.

What is the lowest price of UMA?

UMA has an all-time low (ATL) of $1.16, recorded on 2020-05-25.

UMA price prediction

Set your prediction

When is a good time to buy UMA? Should I buy or sell now?

When deciding whether to buy or sell UMA, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget UMA technical analysis can provide you with a reference for trading.
According to the UMA 4h technical analysis, the trading signal is Buy.
According to the UMA 1d technical analysis, the trading signal is Sell.
According to the UMA 1w technical analysis, the trading signal is Neutral.
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UMA price performance in USD

24h7d30d90d1yAll-time
+2.56%+12.96%-25.04%-46.69%+54.26%+103.38%

UMA price history in USD

TimeLowHigh
24h$2.81$2.92
7d$2.4$2.94
30d$2.12$4.83
90d$2.12$5.83
1y$1.24$6.91
All-time$1.16(2020-05-25, 3 years ago )$43.37(2021-02-04, 3 years ago )

UMA market information

Market cap
$231,285,174.68
+2.56%
Fully diluted market cap
$344,320,049.47
+2.56%
Volume (24h)
$8,407,877.7
-9.76%
Market rankings
Circulation rate
+67.00%
24h volume / market cap
0.0363
Circulating supply
79,793,160 UMA
Total supply / Max supply
118,790,086.53 UMA
-- UMA
ICO price
$0.2600 ICO details

UMA ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

UMA Social Data

In the last 24 hours, the social media sentiment score for UMA was 4, and the social media sentiment towards UMA price trend was Bullish. The overall UMA social media score was 38, which ranks 1138 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,626,636 times, with UMA being mentioned with a frequency ratio of 0.01%, ranking 829 among all cryptocurrencies.

In the last 24 hours, there were a total of 234 unique users discussing UMA, with a total of UMA mentions of 76. However, compared to the previous 24-hour period, the number of unique users decrease by 3%, and the total number of mentions has increase by 55%.

On Twitter, there were a total of 1 tweets mentioning UMA in the last 24 hours. Among them, 100% are bullish on UMA, 0% are bearish on UMA, and 0% are neutral on UMA.

On Reddit, there were 0 posts mentioning UMA in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning UMA. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
4
Social score(24h)
38(#1138)
Social contributors(24h)
234
-3%
Social mentions(24h)
76(#829)
+55%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About UMA(UMA)

What Is UMA?

UMA, standing for Universal Market Access, is a decentralized financial contracts platform built on the Ethereum blockchain. It empowers users to create, manage, and trade synthetic assets, which are representations of other assets like commodities, stocks, or cryptocurrencies. UMA is designed to enable universal access to financial markets without the need for traditional banking systems or financial intermediaries, addressing the limitations and inefficiencies of the conventional financial sector. It aims to foster open and equitable financial markets, leveraging blockchain technology to bring transparency, accessibility, and resilience to the derivatives market.

UMA is a solution combining smart contracts and oracles, allowing the creation of custom financial instruments and derivatives. It provides a secure and flexible environment for the development and trading of these financial products, broadening the possibilities within decentralized finance (DeFi). By utilizing an optimistic oracle and a unique dispute resolution mechanism, UMA enables the creation of synthetic assets that accurately track real-world asset prices, allowing developers to innovate and design new financial instruments and services.

Resources

Whitepaper: https://github.com/UMAprotocol/whitepaper

Official Website: https://uma.xyz/

How Does UMA Work?

UMA operates primarily through two components: the Optimistic Oracle and the Data Verification Mechanism (DVM). The Optimistic Oracle facilitates quick data requests and resolutions, such as asset prices, without the need for the information to be recorded on-chain. It acts as a generalized escalation game between contracts and UMA DVM, allowing contracts to receive data swiftly and efficiently. Proposers respond to data requests, and disputers can refute the submitted prices within a predefined period. If a dispute arises, it is resolved through the DVM, where UMA token holders vote to determine the accurate price of the asset at a specific timestamp.

The Data Verification Mechanism (DVM) is a dispute resolution service for contracts built on the UMA protocol. It aggregates votes from token holders to report the price of an asset at a specific timestamp, ensuring the economic security of the protocol. The DVM is designed to make corrupting the oracle more expensive than the potential profit from such corruption, providing a secure environment for contracts built on UMA, even in volatile and manipulable markets.

UMA’s infrastructure also allows for the creation of synthetic tokens, representing derivatives contracts, which can be traded on decentralized exchanges (DEXs) and utilized across the DeFi ecosystem. These synthetic tokens require collateral and a price identifier agreed upon by UMA token holders. The platform ensures trading viability through overcollateralization and employs smart contracts to automatically enforce agreements, removing the need for legal enforcement and minimizing the risk of defaults and non-payments.

What Is UMA Token?

The UMA Token is the native token of the UMA ecosystem, serving multiple functions. It operates as an ERC-20 token on the Ethereum blockchain and is crucial for accessing the platform’s oracle and dispute resolution services. It is used as collateral for creating synthetic assets and paying transaction fees within the platform. UMA token holders have governance rights, allowing them to vote on UMA Improvement Proposals (UMIPs), determine data request prices, and participate in resolving disputes through the DVM. The token’s value is inherently tied to the success and growth of the UMA platform, and it serves as a reward mechanism for liquidity providers and oracles participating in the ecosystem.

UMA's Impact on Finance

UMA is poised to have a transformative impact on the financial sector by democratizing access to financial markets and products. It addresses several concerns prevalent in the crypto world, such as lack of trust, limited design flexibility, high costs, vulnerability to attacks, and lack of incentives in traditional oracle systems. By providing a decentralized, transparent, and secure platform for creating and trading synthetic assets and derivatives, UMA is contributing to the evolution of financial markets and enabling blockchain derivatives trading.

UMA’s innovative approach to financial contracts and derivatives allows for the creation of a myriad of financial products, including insurance protocols, custom derivatives, and prediction markets, without relying on traditional financial intermediaries. This not only increases market accessibility and transparency but also offers a more equitable and open global financial system. UMA’s advancements in DeFi are indicative of a future financial framework that is more inclusive, efficient, and resilient.

What Determines UMA's Price?

The price of UMA, like other cryptocurrencies, is influenced by a myriad of factors, making precise price prediction a complex endeavor. The value of UMA is inherently tied to the supply and demand dynamics within the cryptocurrency market, with higher demand and limited supply typically driving prices upwards. Market sentiment, often swayed by cryptocurrency news, trends, and analysis, also plays a pivotal role in determining UMA’s price. Positive developments, technological advancements, and partnerships within the UMA ecosystem can lead to heightened interest and increased demand among cryptocurrency enthusiasts, potentially boosting UMA’s market value.

Cryptocurrency charts and crypto market analysis are essential tools for both beginners and experts interested in UMA’s price movements, providing insights into market trends and potential investment opportunities. Cryptocurrency trading strategies, informed by meticulous analysis and an understanding of market volatility, can help investors navigate the crypto market and make informed decisions on where to buy cryptocurrency, such as UMA. For those looking to buy, UMA can be acquired on leading exchanges such as Bitget. As the crypto community continues to grow and cryptocurrency adoption advances, UMA’s significance in the blockchain space is likely to be more pronounced, impacting its price in 2023 and beyond. Whether UMA is a good investment depends on individual risk tolerance, investment goals, and thorough evaluation of market conditions and cryptocurrency risks.

How to buy UMA (UMA)

Buying UMA on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy UMA (UMA) .

Trade UMA perpetual futures

After having successfully signed up on Bitget and purchased USDT or UMA tokens, you can start trading derivatives, including UMA futures and margin trading to increase your income.

The current price of UMA is $2.9, with a 24h price change of +2.56%. Traders can profit by either going long or short onUMA futures.

Join UMA copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or UMA tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of UMA.

What is the current price of UMA?

We update our UMA to USD price in real time. Get the live Price of UMA on Bitget.

What is the 24 hour trading volume of UMA?

Over the last 24 hours, the trading volume of UMA is $8.41M.

What is the all-time high of UMA?

The all-time high of UMA is $43.37. This all-time high is highest price for UMA since it was launched.

Can I buy UMA on Bitget?

Yes, UMA is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy UMA guide.

Can I get a steady income from investing in UMA?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy UMA with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is UMA a good investment?

Determining the potential of UMA Protocol (UMA) as an investment requires consideration of various factors and personal circumstances. Investing in UMA may be a wise choice if you have faith in the future of web3 and DeFi within the crypto market. UMA Protocol is uniquely positioned to facilitate the creation of synthetic assets tailored to users' preferences. This capability offers an exciting opportunity for diversifying your investment portfolio. UMA leverages an Optimistic Oracle and the Data Verification Mechanism (DVM) for efficient data retrieval and dispute resolution. This robust system can enhance protocol efficiency and reliability, potentially driving up the UMA token's value in the market. Investing in UMA can align with your long-term financial goals if you believe in its potential and the growth of the DeFi space.

What is UMA price prediction?

While predicting the exact price of UMA Protocol token (UMA) is impossible, several key factors can significantly influence its price: UMA Token Utility and Governance: The role of the UMA token within the protocol and its involvement in governance processes can sway its value. If the token grants access to essential protocol features, enables participation in decision-making, or offers rewards, it can drive increased demand, affecting the UMA-to-USD price. Development Progress and Adoption: Advances in the UMA protocol's development, technological enhancements, and its adoption by both developers and users can have a direct impact on UMA's price. Positive developments, such as successful feature implementations and partnerships, instill investor confidence, potentially raising the price of UMA crypto. Market Conditions: UMA's price, like other cryptocurrencies, is subject to broader market sentiment and conditions. Factors like investor demand, market volatility, regulatory changes, macroeconomic trends, and geopolitical events can exert substantial influence on UMA's price.

What is the use case of UMA?

The UMA token plays a versatile role within the UMA ecosystem, with popular use cases including: Access UMA's Oracle and Dispute Resolution Services: UMA token holders gain access to the platform's oracle, ensuring smart contracts receive accurate and timely data. Additionally, they can use the token for dispute resolution services within the UMA protocol. Create Synthetic Assets on the UMA Protocol: Developers utilize UMA tokens as collateral to design and generate synthetic assets and financial contracts. These assets can represent real-world assets or possess diverse financial attributes, broadening users' exposure to various financial instruments. Governance of UMA Protocol: UMA token holders actively engage in governing the UMA protocol. Through voting, they influence proposed changes, upgrades, and enhancements, shaping the ecosystem's development trajectory. Incentives for UMA Users: Users participating in the UMA ecosystem, such as liquidity providers, oracle contributors, or governance participants, can earn UMA tokens as rewards for their contributions and engagement. Trade or Invest in UMA Crypto: UMA tokens are tradable on cryptocurrency exchanges, allowing individuals to buy, sell, and invest in them. Some may acquire UMA tokens as an investment, speculating on potential price appreciation driven by market dynamics and UMA protocol adoption.

How to stake UMA?

You can engage in UMA's decentralized governance system and receive incentives through UMA token emissions by following these steps: Visit the voting interface within the UMA dApp and connect your wallet to it. Ensure you have an adequate UMA token balance by purchasing UMA on Bitget or other supported platforms and transferring your tokens to your wallet. Click on the Stake/Unstake button accessible on the dApp's interface. Specify the quantity of UMA tokens you wish to stake and proceed by clicking the Approve button. Confirm the transaction directly from your wallet. Now, relax, actively participate in voting, earn rewards, and watch your UMA holdings grow as you stake your tokens.

What gives UMA value?

The UMA token is primarily a governance token used to contribute to UMA protocol decisions, such as voting on UMA Improvement Proposals (UMIPs), price requests, and disputes made to UMA's Data Verification Mechanism (DVM).

What makes UMA unique?

UMA, as implied by its name, strives to establish universal market access, providing individuals with the essential tools and resources to craft their financial contracts and develop synthetic assets. The primary objective is to democratize financial markets and reduce entry barriers through the UMA protocol, enabling users to tokenize derivatives sourced from conventional financial markets. Through the UMA protocol, individuals gain the ability to produce synthetic assets and tokenize various assets, including cryptocurrencies, CFDs, and other financial derivatives. This means UMA users can possess assets like Bitcoin without requiring direct ownership of the actual cryptocurrency. By reducing these barriers, UMA paves the way for both institutions and individuals in emerging economies, affording them equal opportunities to hold financial derivatives through tokenization.
Cryptocurrency investments, including buying UMA online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy UMA, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your UMA purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

Earn

UMA is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support UMA trades.
You can trade UMA on Bitget.

UMA/USDT

Spot

UMA/USDT

Margin

UMA/USDT

USDT-M Futures

UMA/USD

Coin-M Futures

Copy trading

龍蝦阿咪
龍蝦阿咪
insight429/1000
1673.78%
ROI
Total profit $1,579,158.12
long
long
insight1000/1000
576.36%
ROI
Total profit $3,809.60

UMA resources

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