UMA Price Prediction 2023-2030: Will UMA Reach $100?
UMA Protocol Latest Price
UMA Protocol Price Prediction: Is UMA a Good Investment?
UMA is an optimistic rollup-based oracle whose purpose is to record any verifiable truth on the blockchain platform.
UMA’s Optimistic Oracle allows for the quick request and reception of data. It operates as an escalation game between contracts requesting price data and UMA’s dispute resolution system, the Data Verification Mechanism (DVM). Proposed prices from the Optimistic Oracle are only forwarded to the DVM if disputed.
The Optimistic Oracle serves as an initial layer, optimistically verifying data pieces rapidly and it’s safeguarded by the UMA DVM, as disputes can be escalated to the DVM for resolution.
An Asserter can post a bonded assertion about a real-world fact. This assertion includes the price identifier requested, timestamp of the fact, claim (additional information about the assertion), currency (ERC20 token used for payment of rewards and fees, which must be DVM-approved), and a bond size representing the stake the Asserter places on the correctness of their statement.
Disputers can challenge an Asserter’s data within a predetermined liveness period. If no dispute is raised within this period, the assertion is optimistically considered accurate. If disputed, the assertion is referred to UMA’s DVM for arbitration.
The DVM serves as a backstop for the UMA Optimistic Oracle, resolving any disputes that arise when data is challenged. In case of a dispute, a price request is submitted to the DVM, prompting a vote from UMA token holders on the asset’s price at a specific timestamp, which is determined after a 48-96 hour voting period.
The DVM aggregates votes from UMA token holders to ascertain the final price of the asset for the given timestamp. It integrates an element of human judgment, ensuring contracts are managed securely and accurately in volatile markets.
UMA’s oracle system is designed with economic guarantees around the cost of corrupting the DVM. It ensures that the cost to corrupt the oracle (obtain 51% or more UMA tokens) exceeds any potential profit from corrupting the oracle (i.e., stealing contract funds on UMA).
- On the Uma platform, any user can dispute a statement.
- Users can earn a reward if they dispute the statement successfully.
- UMA stakers can help in securing the UMA’s OO (Optimistic Oracle).
- On the platform, the successful voters get a higher percentage of rewards while the inactive voters are penalized.
UMA currently has a Total Value Locked (TVL) of $71.7 million. Some of its prominent projects include Across, the most secure and fastest bridge between L1 and L2s with a TVL of $48.35 million. Other projects include Polymarket, a decentralized information market platform with a TVL of $6.2 million; ACX Success Token [30 June 2025] with a TVL of $5.65 million; Sherlock, a risk management platform with a TVL of $3.07 million; and Jarvis Network with a TVL of $2.61 million.
Across is a cross-chain bridge designed for Layer 2 solutions and rollups, underpinned by UMA’s optimistic oracle. It has managed over $2.2 billion in total volume with more than 1 million transactions, with an average fill time under 0 minutes, and it costs less than $1 to bridge 1 ETH.
The bridge is safe due to its optimistic design – even with many participants, it only takes one honest actor to challenge a false claim. Across also provides speedy bridging, with plans to offer next-block bridging in the future.
Across encourages community participation, offering numerous ways to contribute to its mission, earn ACX rewards, and influence Across DAO’s direction
Key to Across’s design is capital efficiency, which it views as the most crucial metric of a cross-chain bridge. This efficiency translates into lower costs and less risk for users.
The following are the primary use cases of the UMA tokens:
- UMA token holders can participate in the governance of the network through voting processes.
- UMA tokens can be staked to earn rewards (i.e., passive income).
- UMA token holders can earn higher APYs by voting correctly.
UMA Performance so far
- This Year: +7.8%
- Last 12 Months: -45.7%
- Since Launch: +39.9%
UMA is a quite unique concept in the market that verifies the data on the blockchain. Considering the key features and the use cases of the UMA, it is a moderate case for investment.
Note that UMA token staking incentivizes correct voting, discourages inactivity or incorrect voting, and encourages long-term commitment through a seven-day cooldown period. This also increases security by increasing the cost of corrupting the oracle. The change from discrete to streaming rewards eliminates a potential griefing vector. Overall, these measures create a more engaged community of token holders and enhance the protocol’s security.
UMA Crypto Price Prediction: Will UMA Reach $100?
To reach a value of $100, the UMA token would need to increase by almost 53.76 times its current market price. It’s important to note that the UMA token reached its all-time high price of $32 in February 2021, which represented a growth of almost 4 times in just two months (starting from the lowest price of $8 in December 2020).
Based on its 2 times growth in one month, it would take approximately 26.88 months (a little more than 2 years) for UMA to reach a price of $100. However, this might be influenced by market conditions and other economic factors.
Thus, UMA can certainly reach $100, but not sooner.
UMA Price Prediction Today
- Uma Price Prediction Price Prediction in the next 24 hours is between $1.36 and $1.38
- Uma Price Prediction Price Prediction this week is between $1.31 and $1.43
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
UMA Price Prediction 2023, 2025 and 2030
- UMA Price Prediction 2023 is $3.51
- UMA Price Prediction 2025 is $6.70
- UMA Price Prediction 2030 is $31.14
Also Read: Injective Price Prediction
UMA Crypto Price Prediction: Where Can I Buy UMA Protocol Crypto?
UMA tokens can be bought from various centralized and decentralized crypto exchanges such as Binance, Coinbase Exchange, KuCoin, Bitstamp, Kraken, Gemini, OKX, Bybit, Gate.io, Crypto.com Exchange, Poloniex, WazirX, SushiSwap and Uniswap.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.