Read the latest UMA news and analysis from the TipRanks news team.
---
UMA and Blockchain Related Companies
These are companies that are actively involved in the development and utilization of UMA and blockchain technologies
Name
Price
Price Change
Analyst Price Target
Analyst Consensus
Smart Score
Top Analysts' Price Target
Most Accurate Analyst
Most Profitable Analyst
Yearly Gain
Follow
Currently, no data available
Rows:
10
UMA FAQ
What is the price of one UMA?
The live price of UMA (UMA-USD) is $2.93.
What’s UMA All-Time High?
UMA's (UMA-USD) all-time high is $59.00.
What is the total supply of UMA?
The total supply of UMA (UMA-USD) is 122.14M coins.
What is UMA dominance?
UMA (UMA-USD) dominance is at 0.0090%.
---
What is UMA?
UMA
UMA (Universal Market Access) aims to make financial markets universally accessible and enables developers to create any kind of financial contracts. With its optimistic oracle and dispute arbitration systems, arbitrary types of data can be brought on a chain. UMA’s oracle systems offer data for various projects such as insurance protocols, prediction markets, derivatives and a cross-chain bridge.
Further, this optimistic oracle, known as the data verification mechanism (DVM), acts as the dispute resolution service for contracts built on the protocol. The DVM provides asset price at a requested time stamp only when participants on the network dispute the value of a collateral (that is backing a synthetic token). Thus, oracle usage is lowered, which boosts security and scalability of contracts.
Some of UMA’s strategic partners include Bain Capital Ventures, Coinbase Ventures, Two Sigma Ventures and Badger DAO. The max supply of UMA tokens is capped at ~101.2 million.