Coins: 10053 Exchanges: 942 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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UMA price

UMA Price (UMA)

$1.60

1.32%
Rank #182

UMA Price Chart (UMA/USD)

Last updated 02 Aug 2023, 14:15PM UTC. Currency in USD.

Market Cap
$117,149,625
Volume (24h)
$4,174,276
Change
1.32%
Circulating Supply
73,090,887
All Time High
$42
Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance UMA / USDT $1.63 0.12% $11,145,210
2 Bitrue UMA / BUSD $1.61 1.29% $322,506
3 Binance UMA / BUSD $1.50 0.20% $300,077
4 Binance UMA / TRY $1.54 0.69% $248,118
5 BtcTurk PRO UMA / TRY $1.62 0.02% $242,335
6 LBank UMA / USDT $1.61 0.06% $184,318
7 Gate.io UMA / TRY $1.76 1.26% $173,295
8 Bitget UMA / USDT $1.58 0.06% $160,421
9 OKX UMA / USDT $1.59 0.13% $149,352
10 Phemex UMA / USDT $1.61 0.13% $128,360
11 CoinW UMA / USDT $1.61 0.17% $118,313
12 Digifinex UMA / USDT $1.64 0.18% $117,592
13 Bitci UMA / TRY $1.62 2.27% $101,850
14 WhiteBIT UMA / USDT $1.60 0.03% $90,319
15 LATOKEN UMA / USDT $1.61 0.31% $87,820
16 BitMart UMA / USDT $1.60 0.37% $82,479
17 Binance UMA / BTC $2.37 0.32% $71,700
18 Coinbase Exchange UMA / USD $1.58 0.13% $47,272
19 Bitrue UMA / USDT $1.60 0.06% $47,242
20 Bithumb UMA / KRW $1.62 0.52% $47,100
21 Pionex UMA / USDT $1.60 0.12% $40,754
22 XT.COM UMA / USDT $1.83 1.08% $31,493
23 BingX UMA / USDT $1.61 0.56% $30,702
24 BtcTurk PRO UMA / USDT $1.61 0.48% $26,638
25 Hotbit UMA / BTC $2.07 1.01% $24,385
26 ProBit Global UMA / BTC $2.07 2.90% $24,269
27 MEXC Global UMA / USDT $1.58 0.19% $19,930
28 Dcoin UMA / USDT $1.62 0.11% $19,743
29 AEX UMA / USDT $1.63 0.37% $18,493
30 Gate.io UMA / USDT $1.99 0.26% $13,777
31 Crypto.com Exchange UMA / USDT $1.63 0.46% $12,609
32 Hotbit UMA / USDT $2.03 0.61% $12,066
33 Bitvavo UMA / EUR $1.60 0.16% $9,933
34 Coinbase Exchange UMA / EUR $1.60 0.27% $9,731
35 Huobi Global UMA / USDT $1.61 0.19% $9,036
36 CEX.IO UMA / EUR $1.63 0.68% $8,532
37 KuCoin UMA / USDT $2.02 0.20% $8,027
38 MEXC Global UMA / ETH $1.63 1.26% $7,764
39 Kraken UMA / USD $1.61 1.58% $6,873
40 Bybit (Spot) UMA / USDT $1.57 0.39% $5,237
41 Coinbase Exchange UMA / BTC $1.61 0.22% $4,946
42 Coinbase Exchange UMA / GBP $1.51 0.79% $4,857
43 CoinEx UMA / USDT $1.60 1.00% $3,619
44 LATOKEN UMA / BTC $1.57 0.98% $3,617
45 Bitstamp UMA / EUR $1.74 0.35% $3,521
46 Kraken UMA / EUR $1.62 0.34% $3,245
47 TokoCrypto UMA / USDT $1.94 0.16% $3,157
48 Crypto.com Exchange UMA / USD $1.62 1.19% $2,896
49 CoinEx UMA / USDC $1.93 0.89% $2,714
50 TokoCrypto UMA / BTC $1.83 0.09% $2,086

UMA Price Statistics

$2
24H Range
$2
  • UMA Price Now $2
  • 24h Low / 24h High $2 / $2
  • Trading Volume $4,174,276
  • Market Cap Rank #232
  • Market Cap $117,149,625
  • Volume / Market Cap 0.0356
  • All-Time High $42 -96.13%
    Feb 04, 2021
  • All-Time Low $0 429.48%
    Apr 29, 2020
Homepage:
umaproject.org
Explorers:
etherscan.io ethplorer.io etherscan.io ethplorer.io snowtrace.io avascan.info explorer.energi.network
Forum:
Chat:
www.linkedin.com discord.com
Announcement:
medium.com
Social:
Twitter
Bitcointalk:
Github:
UMAprotocol/protocol


UMA Cryptocurrency: Expanding Financial Opportunities


Introduction


UMA cryptocurrency, short for Universal Market Access, is a decentralized financial platform built on the Ethereum blockchain. It aims to offer a wide range of financial instruments and empower individuals with greater control over their financial lives. UMA's innovative technology and unique features have made it an exciting prospect in the cryptocurrency market.


Advantages of UMA


1. Decentralized Financial Instruments: UMA allows users to create and trade various financial instruments, such as synthetic assets (cryptocurrencies pegged to real-world assets) and derivatives. These instruments facilitate efficient risk management, hedging, and leverage opportunities, bringing decentralized finance (DeFi) to a broader audience.


2. Priceless Synthetic Assets: UMA's core concept revolves around creating synthetic assets that do not require on-chain price feeds. Known as "priceless" assets, they are derived from time-based or off-chain data sources, minimizing the need for constant price updates and reducing potential manipulation risks.


3. Permissionless Design: UMA operates on a permissionless blockchain, enabling anyone with an internet connection to access its services. This inclusivity fosters financial inclusiveness, allowing individuals from all walks of life to participate in the UMA ecosystem without the need for intermediaries.


Use Cases


UMA's versatile framework opens up numerous use cases:


- Decentralized Derivatives Trading: UMA removes barriers to entry for derivatives trading, enabling users to create, trade, and settle financial contracts openly and transparently.


- Synthetic Assets: Users can create priceless synthetic assets, expanding the range of tradable assets and offering exposure to otherwise inaccessible markets.


- Insurance Solutions: UMA's design facilitates the creation of parametric insurance products that automatically pay out based on predefined events. This innovation has the potential to revolutionize the insurance industry by making claims processing more efficient and reducing costs.


Future Developments


The UMA team is continuously working on improving the platform and expanding its capabilities. Some future developments include:


- New Smart Contracts: UMA plans to deploy new smart contracts, enhancing the effectiveness and efficiency of its decentralized financial instruments.


- Greater Accessibility: The team will focus on improving user experience and simplifying the technical complexity associated with using UMA, making it accessible to a broader audience.


Conclusion


UMA cryptocurrency stands at the forefront of the DeFi revolution, offering decentralized financial instruments and opportunities previously unavailable. With its cutting-edge technology and commitment to innovation, UMA has the potential to reshape the financial landscape, empowering individuals to have greater control over their finances and explore new possibilities.