UMA (UMA) currently has a price of $1.97 and is up 0.90% over the last 24 hours. The cryptocurrency is ranked 255 with a market cap of $146.8M. Over the last 24 hours, it saw $8.7M of trading volume. The token has a circulating supply of 74.5M tokens out of a total supply of 116M tokens.
UMA is a decentralized financial contracts platform built on Ethereum. The platform uses its native token, UMA, to support a decentralized oracle system and ecosystem. UMA allows users to create and trade synthetic assets using smart contracts, eliminating the need for intermediaries and reducing counterparty risk. It also provides templates and tools for easy creation of financial contracts.
Disclaimer: The content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.