Umbrella NetworkPrice(UMB)
Details Umbrella Network (UMB) Price information (USD)
The current real-time price of UMB is $0.0{4}7378. In the past 24 hours, UMB has traded between $0.0{4}7363 and $0.0{4}7395, showing strong market activity. The all-time high of UMB is $2.62, and the all-time low is $0.0{4}6699.
From a short-term perspective, the price change of UMB over the past 1 hour is
Umbrella Network (UMB) Market Information
Umbrella Network (UMB) Today's Price
The live price of UMB today is $0.0{4}7378, with a current market cap of $31,653.02. The 24-hour trading volume is 4.95. The price of UMB to USD is updated in real time.
Umbrella Network (UMB) Price History (USD)
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What is UMBRELLA NETWORK (UMB)?
When is the right time to buy UMB? Should I buy or sell UMB now?
Before deciding whether to buy or sell UMB, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s UMB technical analysis can provide you with trading references.
Future price trend of UMB
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for UMB.
How much will UMB be worth tomorrow, next week, or next month in ? What about your UMB assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! UMB Price Prediction
How to buy UMBRELLA NETWORK (UMB)
Convert UMB to local currency
UMB Resources
To learn more about UMB, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xb1bb...53d042  | 121.642M | 27.18% |
ethereum | 0x1541...3fd2b4 | 50.887M | 11.37% |
ethereum | 0x2d9d...0b85be | 36.243M | 8.1% |
ethereum | 0x0d07...b492fe | 26.496M | 5.92% |
ethereum | 0x9642...2f5d4e | 20.427M | 4.56% |
Other | 191.833M | 42.86% |
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UMBRELLA NETWORK (UMB) FAQ
What is Umbrella Network (UMB) and how does it differentiate itself from other oracle services?
Umbrella Network is a decentralized Layer-2 oracle service designed to bring real-world data into smart contracts. Unlike traditional oracle solutions that update one feed at a time, Umbrella utilizes 'Merkle Trees' to bundle thousands of data points into a single transaction. This technical approach ensures massive scalability and lower costs, allowing for frequent updates and a vast library of data pairs. By utilizing Layer-2 technology, it provides high data throughput while maintaining cryptographic security and decentralization.
Which blockchain networks are currently supported by Umbrella Network?
Umbrella Network is blockchain-agnostic, meaning it can function across various ecosystems. Currently, it has successfully integrated with several major networks, including Ethereum, BNB Chain, Polygon, Arbitrum, Avalanche, Solana, Base, and Linea. This multi-chain compatibility allows developers across different platforms to access decentralized data feeds efficiently.
What is the primary utility of the UMB token within the ecosystem?
The UMB token serves four primary functions. First, it is used for staking, where holders secure the network and earn rewards. Second, it is a governance token, allowing holders to vote on protocol upgrades and validator selection. Third, it acts as a payment method for data users accessing oracle services. Finally, it provides security, as validators must stake a minimum amount to participate in the consensus process and verify data accurately.
What are the differences between the UMB, rUMB, and veUMB tokens?
Umbrella utilizes a multi-token system to manage liquidity and governance. UMB is the native, liquid utility token. rUMB (Reward UMB) is primarily distributed as staking rewards and is generally locked or redeemable for UMB based on specific milestones. veUMB (vote-escrowed UMB) is a non-transferable token obtained by locking UMB. It represents a user's voting power in the ecosystem and often provides higher reward multipliers for long-term participants.
How can users earn rewards and participate in staking on the network?
Users can participate through 'Streams' or staking pools. The Hadley Stream offers single-sided UMB staking, while the Polar Stream is for Liquidity Provider (LP) staking on decentralized exchanges. While base staking often has no mandatory lock-in, users can choose to lock tokens for set periods to earn multipliers on rewards and voting power. Rewards are not auto-compounded and must be manually claimed and re-staked by the user.
What is the 'On-Demand' oracle solution and how does the revenue model work?
The On-Demand solution allows decentralized applications to 'pull' specific data only when needed, rather than relying on constant data 'pushes' at set intervals. This further reduces latency and operational costs. The project’s revenue model involves transitioning from subsidized rewards to a sustainable system where data users, such as DeFi protocols and gaming applications, pay fees in stablecoins or UMB tokens to access the oracle’s data feeds.
