UMEE Price Today
Umee price today is $0.032156652988 with a 24-hour trading volume of $483,848. UMEE price is down -8.1% in the last 24 hours. It has a circulating supply of 1.3 Billion UMEE coins and a total supply of 10.5 Billion. If you are looking to buy or sell Umee, Gate.io is currently the most active exchange.
What was the highest price for Umee?
Umee hit an all time high of $0.359554 on Feb 16, 2022 (3 months).
What was the lowest price for Umee?
Umee had an all time low of $0.032040968169 on May 24, 2022 (1 hour).
What was the 24 hour trading volume of Umee?
The 24 hour trading volume of Umee is $483,848.
Where can Umee be traded?
What is Umee?
Umee is a cross chain DeFi hub that interconnects between blockchains.
As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. The Umee Blockchain facilitates interoperability for a Tendermint Proof of Stake protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols.
As a Cosmos SDK blockchain, the Umee Network is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.
Why was Umee created?
Umee was created to address three main issues that exist in DeFi:
1) Detached Yields
2) Concentrated Systematic Risks
3) Isolated Capital
Umee plans to break the inherent silos between blockchains by utilizing bridging solutions towards interconnecting blockchains and encouraging better capital efficiency. The eventual goals will be to enable interchain lending and borrowing, multi-chain staking and delegations, plus cross chain defi rates.
What is the native UMEE token?
The native Umee token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.
UMEE tokens are used to pay for network fees on the Umee blockchain, to provide Proof of Stake consensus to the Umee network, and for protocol governance.
You can learn more about the native UMEE token and how to use it here: