Exchange UMA

uma Price Live Data

The live UMA price today is $ 2.63 usd with a 24-hour trading volume of $21 507 472 usd. We update our UMA to usd price in real-time. UMA is down -4.23% in the last 24 hours. The current coinmarketcap ranking is #263, with a live market cap of $220 291 337 usd. It has a circulating supply of 83 529 189 UMA coins and the max. Supply of 121 491 947 UMA coins.

What Is UMA (uma)?

UMA is a decentralized financial contracts platform built to enable Universal Market Access. UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued decentralized finance. The first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data. The UMA project token powers the system in two ways: Governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. Price requests: the priceless methodology minimizes on-chain price requests but doesn’t eliminate them — when contract interactions are disputed, UMA token holders fulfill price requests via the Data Verification Mechanism, or DVM. UMA tokens enable the holder to participate in community governance and resolve contract disputes through the DVM. The tokens are not an investment opportunity.