UMA Price

UMA is a decentralized financial protocol built on the Ethereum blockchain that enables users to create and trade synthetic assets and derivatives. As the 420th ranked cryptocurrency with a current price of $1.06, UMA has seen a -4.76% change in the last 24 hours. The protocol specializes in creating 'priceless' financial contracts that don't require constant price feeds, instead using an innovative oracle system for dispute resolution. UMA operates as both a governance token and utility token within its ecosystem, allowing holders to vote on protocol changes and earn rewards for participating in the network's security mechanisms. With a market cap of $93.05M and 24-hour trading volume of $196.19K, UMA has established itself in the DeFi space. The token has a circulating supply of 88.11M UMA out of a total supply of 125.27M UMA. UMA supports various use cases including synthetic asset creation, derivatives trading, and cross-chain applications across Ethereum, Avalanche, and Polygon ecosystems.

UMA was created in December 2018. It was launched as a protocol for creating synthetic assets on the Ethereum blockchain. Since its inception, UMA has evolved into a significant DeFi project focusing on derivatives, oracles, and governance. As of 2025-07-04, UMA ranks 420 among cryptocurrencies with a current price of $1.06 and a market cap of $93.05M.

UMA was founded by Hart Lambur and Allison Lu in December 2018. They established the protocol with the vision of creating a decentralized financial contracts platform. The native UMA token was later launched in April 2020 through an initial DEX offering at a price of $0.26 per token. Currently, UMA is ranked #420 with a price of $1.06 and has seen a -4.76% change in the last 24 hours. The project focuses on decentralized financial contracts and oracle solutions within the Ethereum ecosystem.

UMA works through its innovative Optimistic Oracle system that enables trustless data verification on blockchain networks. The protocol allows smart contracts to request off-chain data, which is then provided by participants who stake UMA tokens as collateral. This creates a financial incentive for honest reporting. The system operates on a 'dispute resolution' model - data is considered valid unless challenged within a set timeframe. If disputed, token holders vote to determine accuracy, with rewards for correct challenges and penalties for false ones. As a DeFi protocol ranked #420 with a current price of $1.06 and market cap of $93.05M, UMA enables synthetic asset creation, prediction markets, and cross-chain applications. The protocol's governance is managed through the UMA token, which has seen -4.76% change in the last 24 hours with $196.19K in trading volume. The total supply is 125.27M UMA with 88.11M UMA currently in circulation, allowing for continued ecosystem growth and development.

UMA operates on a multi-layered technical architecture built primarily on the Ethereum blockchain. At its core, UMA uses an optimistic oracle system that enables the creation of synthetic assets and decentralized financial contracts without requiring traditional price feeds. The architecture consists of: 1. Data Verification Mechanism (DVM): A decentralized oracle that resolves disputes by having UMA token holders vote on the correct value of price requests. 2. Priceless Financial Contract Templates: Smart contracts that minimize on-chain oracle usage by only requiring verification during disputes. 3. Optimistic Oracle: Allows data to be quickly proposed and accepted unless disputed, reducing gas costs and latency. 4. Cross-chain Functionality: While primarily on Ethereum, UMA has expanded to other networks including Avalanche, Polygon, and Injective. 5. Governance System: UMA token holders can participate in protocol governance through a DAO structure. This architecture enables UMA to support various DeFi applications including synthetic assets, prediction markets, and KPI options with minimal trust assumptions and efficient oracle usage.

UMA's future looks promising with a strong roadmap focused on expanding its DeFi ecosystem. The project aims to enhance its oracle solutions, improve cross-chain functionality, and strengthen governance mechanisms by 2026. Key upcoming developments include: • Optimized scaling solutions to reduce gas fees • Enhanced interoperability with major blockchains beyond Ethereum • Expansion of synthetic asset offerings • Improved DAO governance tools Currently ranked 420 with a price of $1.06, UMA has shown impressive growth with -4.76% in the last 24 hours and -- over the past month. The team plans to increase adoption through strategic partnerships and developer incentives. By 2030, UMA aims to become a leading infrastructure provider for decentralized financial products, with particular focus on derivatives and synthetic assets. The protocol's unique optimistic oracle system continues to be a competitive advantage in the market.