{
  "url": "https://blockindex.ai/coin/uma",
  "name": "UMA",
  "links": {
    "github": "https://github.com/UMAprotocol/whitepaper",
    "website": "https://uma.xyz/",
    "whitepaper": "https://github.com/UMAprotocol/whitepaper"
  },
  "dScore": 43,
  "market": {
    "priceUsd": 0.40399170457738065,
    "marketCapUsd": 36628491.04945755,
    "volume24hUsd": 2846828.33598541,
    "priceChange7dPct": 1.3369745,
    "priceChange24hPct": -2.80512524
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 90666443.48000893,
    "circulatingPct": null
  },
  "ticker": "UMA",
  "founder": "Allison Lu, Hart Lambur",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:22.476017+00:00",
  "fairLaunch": false,
  "launchYear": 2018,
  "description": "UMA (Universal Market Access) is a decentralized protocol and token ecosystem founded in 2018 to enable permissionless creation of synthetic financial contracts and a human-in-the-loop optimistic oracle. At its core UMA provides an Optimistic Oracle (OO) design where assertions are accepted as true unless disputed within a liveness window; disputes are resolved by UMA tokenholders through vote-weighted governance. The protocol was conceived by members of Risk Labs and the founding team of Allison Lu and Hart Lambur, who drew on derivatives and traditional finance experience to design contract primitives and dispute mechanisms that allow teams to encode arbitrarily complex off-chain data and one-off contract outcomes on-chain. UMA's design emphasizes composability and developer tooling — for example, oSnap for governance — to integrate oracle functionality into DeFi protocols, prediction markets, and cross-chain products.\n\nTechnically, UMA is primarily an ERC-20 token on Ethereum used to secure and govern the Optimistic Oracle and associated protocol components. The OO allows proposers to post claims along with economic bonds and lets tokenholders challenge proposals; if disputes occur, finalization is performed by UMA tokenholder votes. UMA’s contracts and developer docs are open-source and the oracle/gov components have been audited (OpenZeppelin audits are referenced in source material), improving confidence in the core dispute and bonding logic. The protocol references Optimistic Oracle V3 in developer materials and promotes integration patterns for cross-protocol dispute resolution. UMA itself does not run an independent blockchain consensus — it operates as smart contracts on Ethereum — and therefore many chain-level metrics (blocks, TPS, native block rewards) are not applicable to UMA as a token.\n\nUMA’s principal use cases are in DeFi tooling, synthetic and derivative contracts, prediction markets, insurance primitives, and dispute resolution for cross-chain bridges and bespoke contract outcomes. The Optimistic Oracle has been integrated into a range of projects (Across, Polymarket, Outcome.Finance) where human-led, tokenholder-driven dispute resolution is required. UMA’s governance enables tokenholders to vote on protocol upgrades, allocate DAO treasury funds, and adjudicate disputes; oSnap and related tooling aim to streamline DAO decision flows. Market presence on major centralized and decentralized venues and tracking on market-data sites (CoinMarketCap, CoinGecko) reflects broad accessibility for traders, with widely used wallets and exchanges supporting UMA trading and custody.\n\nTokenomics and economic design: UMA tokens function as the economic security for proposers and disputants in the OO and as governance tokens for voting and treasury decisions. Snapshot market data in the provided material shows a total supply of approximately 127.12M UMA and a circulating supply snapshot of roughly 89.08M UMA. Price and market snapshots cited in the source material include a quoted price of $0.7054, market cap ~ $62.84M, and 24h volume ~ $89.68M. No definitive premine percentage or initial public issuance percentage (PIP) was provided in the source excerpts. The protocol’s monetary policy is therefore best described operationally: UMA is used to post bonds, stake for governance, and economically penalize incorrect proposers; specific long-term inflation or emission schedules were not provided in the provided sources.\n\nGovernance, decentralization and future outlook: UMA is governed by the UMA DAO and tokenholder voting is central to dispute resolution and upgrades. The DAO structure is active in on-chain proposals, committee renewals, and emissions/governance votes seen across 2024–2025. The project emphasizes integrations and tooling to increase voter participation and broaden adoption of the OO. Forward-looking priorities include continued OO integrations across DeFi and cross-chain contexts, improvements in governance tooling to reduce proposal friction, and ongoing security hardening via audits and formal verification where applicable.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": true,
    "consensus": "PoS",
    "parentChain": "ETH"
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 25,
    "nodeDistribution": 0,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Moderately Decentralized"
}