What is the current price of UMA?
The current price of UMA is $0.3750 with a 0.80% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
UMA is an optimistic oracle protocol on Ethereum. Its job is to get facts about the outside world onto a blockchain in a form smart contracts can act on, including questions no price feed can answer: whether a specific event happened, whether a bridge relay was valid, or how an ambiguous market question should settle.
The design is "optimistic" in a precise sense. Anyone can propose an answer to an open request by posting a bond. If nobody challenges it during a defined window, the answer is accepted as true and written on chain. Only contested answers escalate to a vote of UMA token stakers, called the Data Verification Mechanism (DVM). Because most requests are never disputed, the system settles data cheaply while keeping a human backstop for the hard cases.
That backstop is why UMA comes up so often in prediction markets. When an outcome is ambiguous or contested, resolution ultimately depends on UMA's dispute process rather than on an automated feed.
Official sources:
UMA was founded in 2018 by Hart Lambur and Allison Lu, both former Goldman Sachs traders, and the name stands for Universal Market Access. Development is stewarded by Risk Labs, the foundation behind UMA and behind Across, a cross-chain bridge that uses UMA's oracle to verify relays.
The project's original framing was synthetic assets: "priceless" financial contracts designed to minimize how often an on-chain price is needed. Many older third-party summaries still describe UMA that way and are out of date. The synthetic-token contracts were the first application, not the destination. UMA's current documentation presents the protocol as an oracle for arbitrary verifiable claims, and that is what the token secures today.
Request A contract posts a request with instructions for how the question should be resolved, a proposer reward, a bond size, and a liveness period. The instructions matter enormously, because the oracle resolves what the request text asks, not what anyone intended it to ask.
Proposal A proposer submits an answer and locks a bond. Correct proposers get the bond back plus the reward; incorrect ones forfeit it.
Challenge period The proposal sits pending for the liveness window. If unchallenged, it settles as correct and is published on chain.
Dispute Anyone can dispute a pending proposal by posting a dispute bond. Each proposal can be disputed once. A correct disputer earns a share of the forfeited proposer bond; an incorrect one loses their own.
DVM resolution Disputes escalate to a token-holder vote. Stakers commit hidden votes during a commit period and reveal them afterward, so nobody can copy another voter's answer. A result stands when a supermajority of staked UMA, currently 65 percent, agrees on a single outcome. Stakers who voted against the majority, and those who did not vote at all, are slashed by a small fraction of stake, redistributed to the voters who got it right.
UMA is an ERC-20 token on Ethereum at 0x04Fa0d235C4abf4BcF4787aF4CF447DE572eF828 with 18 decimals. A direct read of that contract on Ethereum mainnet confirms the symbol and decimal precision. Bridged representations exist on other networks, including Avalanche; those are wrappers, not the canonical token.
The token does three things:
UMA's supply is not capped. The protocol mints new tokens on an ongoing basis to pay voters, and the emission rate is a governance parameter the DAO can change. Treat UMA as an inflationary, uncapped asset whose issuance is set by vote rather than fixed in code.
Most oracles answer a narrow question well: what is the price of an asset right now. UMA answers a broader and messier one: is this statement true. That makes it usable for outcomes with no feed at all, such as whether a sports event ended a particular way, whether an insured condition occurred, or whether a governance transaction matches what a vote authorized.
Compared with push-based price oracle networks, UMA is pull-based and dispute-driven. There is no continuously updating stream of UMA-signed prices. A contract asks a question, someone answers it with money at risk, and the answer stands unless challenged.
The trade-off is latency. An UMA request takes at least a liveness window to settle, and a disputed one takes days while a vote runs. It is the wrong tool for a lending market that needs a fresh price every block, and the right tool for questions where correctness matters far more than speed and where no feed exists at all. It also means the final arbiter is a token-weighted human vote rather than a set of independent data publishers, and whether that is a strength or a weakness depends entirely on how honestly and how widely the stake is distributed.
Security rests on cost of corruption rather than on cryptographic proof of truth. To force a false result, an attacker would need to control a supermajority of staked UMA and hold that position through a vote. Unstaking requires a waiting period of roughly one week, so an attacker who corrupted a result would still hold the token while the market repriced the damage they had just done. The intent is that a successful attack destroys more attacker value than it captures.
Layered on top are the bonds: proposers and disputers each risk capital, so frivolous proposals and nuisance disputes carry a direct price. Contract-level security also depends on the audited oracle contracts and on how carefully each integration words its request.
UMA occupies an unusual position in crypto infrastructure. Relatively little on-chain activity needs an oracle for arbitrary truth, but the activity that does has few alternatives, and much of it now runs through UMA, including a meaningful share of prediction market resolution. For anyone studying prediction markets, the oracle is where a market's stated question becomes a settled outcome, and the gap between those two things is where most resolution disputes actually live.
UMA trades on centralized exchanges and on Ethereum decentralized exchanges. Listings, pairs, and eligibility vary by jurisdiction and change over time, so confirm availability with the venue directly.
UMA is often available on:
Common pairs include UMA/USDT and UMA/USD where supported.
UMA is a standard ERC-20 token, so any Ethereum wallet handles it:
Staking and voting run through the official voter application and require an Ethereum wallet. Verify you are on Ethereum mainnet and that the token contract matches the canonical address before depositing or interacting.
You can compare UMA with related oracle and infrastructure projects on Coinrithm:
Track UMA live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for UMA on CoinRithm before using real money.
Use a crypto paper trading account to demo trade UMA with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading UMA with real money.
Read the complete paper trading guideThe current price of UMA is $0.3750 with a 0.80% change in the last 24 hours.
The daily trading volume is $158,423 representing a 43.87% change in the past 24 hours.
The market capitalization of UMA is $34,812,681, ranking #384 globally.
The fully diluted valuation (FDV) of UMA is $49,333,389, calculated assuming the total supply of 131,557,750 UMA is in circulation.
Circulating: 92,835,261. Total: 131,557,750. Max: N/A.
In the last 24 hours, UMA traded between a low of $0.371 and a high of $0.3833.
UMA/USDTTether USDT0.3750 USDT
