UMA is a distributed financial contracts platform built to enable Universal Market Access. UMA builds infrastructure for “priceless” financial contracts: DeFi contracts that minimize oracle usage, avoiding many of the security and scalability issues that have plagued distributed finance.
In practice, the first contracts built with UMA are priceless synthetic tokens: ERC20 tokens that can track anything while minimizing the need for on-chain price data. The UMA project token powers the system in two ways: protocol governance: UMA token holders govern what types of contracts can access the system, which asset types are supported, and key system parameters and upgrades. Latest snapshot shows market cap near $36,323,951, 24h volume around $10,412,928, 24h change down 4.83%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. Live pricing and venue coverage on this page currently come from a single public market feed.
Contract references point to Ethereum as the primary asset platform. UMA's primary project footprint is tied to the Ethereum network. UMA is commonly screened under Decentralized Finance (DeFi), Oracle, and Derivatives. Tracked contract metadata currently maps across Ethereum, Avalanche.