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UMA
![ETH Protocol]()
UMA
![ETH Protocol]()
UMA refers to Universal Market Access. The team behind this project strongly believe that financial markets must be fair and accessible. This means that everyone should be granted the same financial opportunities. The main purpose of this project is to allow everyone to securely move any form of risk through UMA protocol. In turn, giving them an opportunity to be part of an open financial system.
UMA dApp Analysis
Get the most important UMA dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!
UMA Smart Contract Statistics
UMA dApp Technical Analysis
UMA dApp is a crypto asset from the DeFi category built on the Ethereum protocol. Now it’s ranked as #101 in general dApp rankings according to the user count, and #49 in the DeFi category, which gives you a good idea of how UMA dApp performs among its competitors.
By analyzing UMA dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $145,604, and the Volume is stable with $0. UMA has generated 3.8K Transactions with a 79.43% drop in the 30-day period. Clearly, the Volume has been steady by 0% in comparison to the previous 7-day period. The data of the last 7 days show that the UMA user base is 1.98K & has been decreasing by 39.33%.
We also recommend taking a look at the UMA Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.
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FAQ
What sort of information can I get about UMA with the BDG Crypto Portfolio Tracker tool?
The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to UMA, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you'll learn that Ethereum-powered UMA is ranked as the #101 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.
How should I know if the UMA dApp is worth tracking?
The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how UMA compares with other dApps, as well. Depending if the results satisfy you or not, you'll have a much better idea of whether or not UMA is worth tracking!
How has the UMA volume changed over time?
In the last 24 hours, UMA had a volume of $0. This is a 0% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by 0%. Lastly, if you were to look at the 30-day period, the change is around 0%.
What is a dApp?
A dApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled by tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no single entity has control over the network. Also, dApps are transparent as data is kept public and smart contracts are open-sourced. This is true no matter if the dApp is a crypto wallet, an exchange platform, or else.
What are the main benefits of dApps?
The main benefit of dApps is that they're completely free from the control of any single authority and operate by the logic of smart contracts. This means that no individual, no matter how powerful, can control the dApp after its smart contract is launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. dApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.
Where can dApps be applied?
dApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, the Internet of Things, elections & voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it's unclear what more the future will bring. BitDegree's approach makes dApp & other Web3-related information well-accessible and easily understandable for everyone globally.
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