Market Cap
$145,410,873.1
Fully Diluted Valuation
$211,588,495.0
24 Hour Trading Vol
$27,769,463.6
Circulating Supply
84,676,251.1
Total Supply
123,213,073.0
Max Supply
∞
UMA Price
$1.72
24h Range
$1.59 - $1.72
Percent Change 1h
0.61%
Percent Change 24h
-2.22%
Percent Change 7d
0.24%
All-time high
$41.56
All-time low
$0.304
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7D
1M
1Y
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UMA, which stands for Universal Market Access, is a decentralized financial contract platform that enables users to create and trade synthetic assets. Built on the Ethereum blockchain, UMA leverages smart contracts to allow the creation of derivatives that can track the value of real-world assets or indexes. This protocol aims to provide anyone with access to financial markets, promoting inclusivity and transparency in the DeFi landscape. As of 2024, UMA has seen significant growth in its user base and adoption, with a total value locked (TVL) exceeding $300 million.
UMA was co-founded by Hart Lambur and Allison Lu in 2018. Hart Lambur has a background in finance and quantitative trading, having previously worked at Goldman Sachs and as a co-founder of the risk management platform, Risk Labs. Allison Lu has an extensive experience in software engineering and product management, having worked at companies like Google and Uber. Together, they aimed to democratize access to financial derivatives and bring innovative solutions to the blockchain space.
UMA operates by allowing users to create synthetic assets through a system of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Here’s a simplified overview of how UMA functions:
UMA has several compelling use cases, including:
Ensuring the safety of your UMA tokens and assets on the platform requires a few best practices:
Investing in UMA (UMA) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy UMA: Once your account is funded, you can purchase UMA directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in UMA using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
UMA (UMA) is currently trading at $1.72 and exhibits good potential for future growth. Check the latest UMA (UMA) price prediction.
Recent Big Transactions
Recent Big Transactions
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