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What is UMA?
UMA or Universal Market Access is an Ethereum-based protocol that allows its users to devise a wide range of customised collateralised synthetic crypto tokens. To put it in other terms, using the UMA ecosystem, two counterparties can come together to devise financial contracts (a la derivatives) that can be backed by various forms of collateral and are enforced using smart contracts. UMA is the token that is native to the Universal Market Access protocol. It serves two key purposes: acting as a governance token for the system’s overall administration and fulfilling price requests that are made within the platform.
UMA (UMA) is the 176th largest cryptocurrency in the world by market cap, valued at $239,479,628. The current price of UMA is $5.1042, which is 4.150% higher than yesterday. Prices have ranged between $5.5554 and $4.7094 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 05:05 UTC.
Recent UMA developments
January 2022: Digital asset manager Grayscale Investments dropped UMA tokens from its DeFi fund.
UMA (UMA) price
Use our graph to track the performance of (UMA) over time.UMA at a glance
Coin symbol | UMA |
---|---|
Coin Marketcap | AUD$239,479,628 |
Total UMA supply | 107,109,620 |
Circulating UMA | 66,226,968 |
Current price | AUD$5.1042 |
All time high | AUD$82.626 |
All time high date | February 04, 2021 |
Notable team members | Hart Lambur, Allison Lu |
Industry | Synthetic asset creation |
Token uses | Governance |
Network | Ethereum |
UMA price performance over time
Historical prices compared with the price of $5.1042.
1 hour | 2.99% |
---|---|
24 hours | 4.15% |
7 days | 15.47% |
14 days | -31.52% |
30 days | -40.13% |
---|---|
60 days | -52.40% |
200 days | -70.04% |
1 year | -73.42% |
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Disclaimer: Cryptocurrencies, including UMA, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of UMA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the UMA or any other cryptocurrency discussed.
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