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.
UMA Price $6.81
Market Cap Rank Rank #74
Market Cap $436,151,604
24h High $7.7
24h Low $6.31
Circulating Supply 65,103,995
Total Supply 105,986,647
Max Supply 105,986,647
Trading Volume $32,192,706
All-Time High $41.56
UMA/Bitcoin Ratio 1.00 BTC = 2,146.29 UMA
Last Update 2022-01-22 03:39:53