UMA Logo

UMA UMA

UMA header image

1. Summary

Ranks

Liquidity
98
Developer
16
Social
85
Momentum (beta)
58
Stack Rankā„¢
36
Price
52W High price $5.81
52W High date 24th Jan 2024 (10 months ago)
All Time High (ATH) Date 4th Feb 2021 (3 years ago)
ATH Price $41.56
% From ATH -93.98%
All Time Low (ATL) Date 29th Apr 2020 (4 years ago)
ATL Price $0.30
% From ATL 724.42%
Supply & Trading Volume
Trading Volume (24h) $45.27M
Total Supply 121.87M
Circulating Supply 83.91M
Description

Overview

Overview

UMA (Universal Market Access) is a decentralized financial contracts platform designed to provide access to financial derivatives and decentralized marketplaces. It uses blockchain technology and tokenization to create synthetic assets that track the value of various underlying assets.

Key Features

  • Synthetic Assets: UMA enables users to create and trade tokenized financial derivatives that track the value of various assets, such as commodities, currencies, or other financial instruments.
  • Priceless Contracts: UMA's "priceless" contracts eliminate the need for on-chain price data. These contracts only require price requests when a dispute arises, making them more efficient and secure.
  • Decentralized Oracle Service: UMA's oracle system uses a Data Verification Mechanism to ensure the accuracy of price data in case of disputes.
  • Governance: The UMA token powers governance within the system, allowing token holders to vote on key system parameters, upgrades, and collateralization of synthetic assets.

UMA Token

  • Purpose: The UMA token is used for governance, price requests resolution via the Data Verification Mechanism (DVM), and collateralization of synthetic assets within the platform.
  • Role: The token provides economic guarantees to ensure the security and integrity of the system.

Functionality

  • Contract Creation: Users can create financial contracts and synthetic assets on the UMA protocol.
  • Collateralization: Synthetic assets are collateralized with UMA tokens, which are used to execute transactions.
  • Dispute Resolution: In the event of a dispute, the UMA token holders participate in the DVM to determine the correct price, ensuring the integrity of the system.
  • Governance: Token holders vote on key system parameters and upgrades to ensure the continued development of the platform.
2. Price

UMA

2.1. Market Performance

How does UMA's (UMA) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-5.0%

UMA

3.9%

Similar Market Cap

60 Day Return

13.2%

UMA

10.6%

Similar Market Cap

1 Year Return

65.9%

UMA

7.3%

Similar Market Cap

3. Developer Activity

We're monitoring 59 UMA GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All UMA Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 6 commits vs. an average of 109

Most Active Repos

Past week 50
Past 12 weeks 222
Past year 974
Past week 18
Past 12 weeks 58
Past year 272
Past week 7
Past 12 weeks 40
Past year 161
Past week 2
Past 12 weeks 18
Past year 94
Past week 16
Past 12 weeks 73
Past year 80
Past week 0
Past 12 weeks 2
Past year 60

Top Developers 2024

In total, 319 developers have contributed to UMA over the past year. Who are the most active UMA developers, by commits, over the past year?

Related Projects

Developers working on UMA also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users 11,133
Active Discord Users 1,003
Telegram Users
Twitter followers 72,800
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://umaproject.org
Explorer https://etherscan.io/token/0x04Fa0d235C4abf4BcF478...
Twitter @UMAprotocol

What is the correct contract address for UMA?

Ethereum 0x04fa0d235c4abf4bcf4787af4cf447de572ef828
Avalanche 0x3bd2b1c7ed8d396dbb98ded3aebb41350a5b2339

Has UMA been audited for security?

No security audits found for this project.

Are you the owner of UMA? Edit it here

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