🌎 The World's largest Index of Cryptoassets. Get listed →
UMA Price
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
UMA logo
United States Dollar logo
Verify address & DYOR
Verify address w/ multiple resources & DYOR
UMA is a protocol that was created on the basis of the Ethereum platform allowing users to create synthetic tokens which...Read more

UMA Price (UMA)

UMA Daily Performance

Today's UMA price is $2.1458, which is up 1% over the last 24 hours. UMA's market cap is $148.71M. 24 hour UMA volume is $8.39M. It has a market cap rank of 207 with a circulating supply of 69,301,494 and max supply of 112,691,043. UMA is traded on exchanges. UMA had an all-time high of $33.95 about 2 years ago. Over the last day, UMA has had 0% transparent volume and has been trading on 380 active markets with its highest volume trading pairs being .

Want Daily UMA Price Updates?

  • Delivered when you want
  • Track additional assets & more
Privacy GuaranteedSecure Submission

This site is protected by reCAPTCHA and the Google  Privacy Policy and  Terms of Service apply.

UMA Statistics

UMA Price (24hr)$2.1458 (+0.67%)
Market Cap$148.71M (+0.67%)
Trading Volume (24hr)$8.39M (-16.13%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating Supply69,301,494 (61.50%)
All-Time High
7D Price Prediction


Price Change
$0.014293 (0.67%)

All-Time High

Date of ATH
Days Since ATH
% of ATH6.32%
Price vs ATH

Market Cap

Mkt Cap Change
$990,545$990,545 (0.67%)
Mkt Cap Rank207
Mkt Dominance
Mkt Dominance

Circulating Supply

Max Supply112,691,043
% in Circulation61.50%
% in Circulation

About UMA

UMA is a protocol that was created on the basis of the Ethereum platform allowing users to create synthetic tokens which are collateral backed tokens with fluctuating value. Such tokens have a price identifier, collateralization requirement, and expiration date.

UMA tokens are governance tokens used for participation in a community-owned and community-operated network protocol. The asset entitles its holders to take part in voting when the decisions are made by the community.

The platform markets itself as a platform for financial innovation. UMA project borrowed the concept from fiat financial derivatives and came up with an open-source protocol enabling two counterparts to create their own contracts.

The background of the UMA project

The company behind this digital asset is Risk Labs Foundation headquartered in the United States that was founded in 2017 by Hart Lambur, a Wall Street former executive. He has invited highly professional financial experts to his team to work over the UMA project. The team included Allison Lu who previously took the position of VC in Goldman Sachs, Regina Cai, analyst and financial engineer who studied in Princeton. The project was presented to the public in December 2018. The members of the team are driven by the passionate belief that financial markets should be universally accessible, clear from censorship, and enabling equal opportunities to pursue prosperity and create financial independence. The values pursued by the team include integrity, openness, education, and smart risk-taking.

UMA platform

The name ‘UMA’ is an abbreviation that stands for ‘Universal Market Success’. UMA doesn’t use a price oracle to establish that the issuer of tokens is undercollateralized. Instead, it delivers a financial incentive to its users to figure it out and liquidate the undercollateralized issuers. Such an approach is applied because, in the opinion of UMA founders, oracles are not trustworthy enough for this mission. They can be easily manipulated, or disabled during hackers’ attacks. UMA project doesn’t use oracles to function on a day-to-day basis.

There are three main components needed to create UMA. The synthetic token is founded on the framework for the creation of synthetic token contracts. It requires DVM which stands for data verification mechanism, and the governance protocol.

Any person can become a token facility owner and create a smart contract for synthetic tokens. It’s enough to deposit collateral to become a token sponsor and participate in the smart contract. The price feed is not needed to make the protocol work, therefore the mechanism that is launched by the protocol is called “priceless”. The token holders are urged by the mechanism to check the amount of collateral locked to make sure the contract is properly collateralized. Otherwise, the liquidation of the collateral can follow.

The liquidation claim can be disputed by the token facility owner. To do this, the person should stake a bond in UMA tokens or resort to the assistance of DVM oracle for resolving disputes and checking the price of the collateral. It’s important to mention that incorrect liquidation is penalized by the system, while the Disputer gets reward instead. In the opposite case, the Disputer loses the bond that was staked, while a Liquidator obtains collateral in the smart token.

The products of the UMA project

In May 2020, the platform launched a synthetic token ETHBTC, which is the first token built on a synthetic token infrastructure. The token ETHBTC is a decentralized product that no one can control, even the development team. The token was launched on Uniswap v2. The code was audited before the release by Open Zeppelin, but it wasn’t tested in the wild as the developer says, therefore, asks users to be cautious with it. This synthetic token tracks the ETHBTC ratio. Its value goes up when ETH outperforms BTC and decreases when the situation is the opposite. The token expired on August 1st, 2020.

On July 23, 2020, the team announced the launch of the first yield token built on UMA’s infrastructure. The asset resembles a stablecoin but it has an expiry day and each token is redeemable for 1 USD. In other words, the token with a ticker yUSD is a fixed-rate, fixed-term loan.

UMA token

UMA is an ERC20 token that was created for governing the platform’s protocol. The initial supply was 100 million tokens. Uniswap was the first exchange that hosted UMA tokens. After the protocol issued the token on April, 29th, 2020, it sold 100 million UMA tokens on this platform.

However, the token features a soft cap and can be either inflationary or deflationary depending on its value. The foundation planned to deposit 2 million tokens into the Uniswap market, to allocate 35 million tokens to developers and users of the UMA network. 14.5 million tokens were reserved for future token sales. It’s worth mentioning that the plan was not finalized and is going to be discussed and approved by the community.

The founders, investors, and early contributors are holders of 48.5 million UMA tokens, and this raises some controversy in the crypto community. These tokens are transfer restricted until 2021. All individual token grants are distributed according to a 4-year vesting schedule.

The token can be acquired on several exchanges such as Uniswap, Balancer, Gate.io, OKEx, Coinbase, and others. It is convenient to store UMA on such hardware wallets as Trezor and Ledger. As for the other options, it is recommended to use Metamask, Atomic wallet, available in desktop and mobile versions, or Exodus that can also be used as a desktop or a mobile wallet.

UMA team and investors

Hart Lambur is a co-founder of the UMA protocol. He has a Bachelor’s Degree in Computer Science and used to be a professional trader at Goldman Sachs. There he got acquainted with Allison Lu who also worked for Goldman Sachs and became a co-founder of Risk Labs. It’s also worth mentioning Clayton Roche, Head of Community Development with UMA, and Adrian Li, Tech Evangelist of the project.

The list of investors contributing to the UMA project includes Coinbase Ventures, Box Group, Bain Capital Ventures, Blockchain Capital, Dragonfly Capital Partners, Fintech Collective, and others.

Read More

UMA Markets

(Top 10)

UMA Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current UMA price? How much is 1 UMA worth?

    The price of 1 UMA is $2.1458. Over the last 24 hours, a UMA is worth 0.67% more. Visit our currency converter page to convert UMA prices to currencies other than USD.
  • When did UMA start?

    The earliest trading data for UMA is on April of 2020 (based on current exchange data).
  • How high can the UMA price go?

    UMA’s price has gone as high as $33.95 (which is UMA’s all-time high). It achieved this price about 2 years ago. Speculations abound for how high UMA’s price will get in the future.
  • What's the smart contract address for UMA?

    UMA's smart contract address is 0x04fa0d235c4abf4bcf4787af4cf447de572ef828.

Today's UMA / UMA News for February 4, 2023


Similar Assets

(By Market Cap)