8.95141 USD +9.27713% 0.00023269 BTC

Main factors UMA

  • Rank: 106
  • Market Cap: 555136000 $
  • 24 Hour Volume: 31697800 $
  • Total Supply: 103949000
  • Circulating Supply: 62016600 (60%)
  • Max Supply: 101173000

UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. UMA was launched in December 2018. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain. In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies.

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