Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Uma token soars 90% after hinting at MEV-centric solution.
ADOPTION NEWS

Uma token soars 90% after hinting at MEV-centric solution.

By Crypto FlexsJanuary 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Uma token soars 90% after hinting at MEV-centric solution.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

The Uma protocol’s native token has surged in price after laying out potential plans for a solution focused on protecting the lending protocol from maximum extractable value (MEV).

According to The Block’s pricing page, the Uma token has surged 90% since the announcement, from $2 in price to its current price of $3.80. Uma’s market capitalization is nearing $300 million, its highest since mid-2022.

Details about the proposed MEV solution, known as Oval, are limited at this stage. However, Uma said the product will focus on protecting lending protocols. Introduction of this solution is expected next week. According to Co-founder Hart Lambur.

MEV is a concept in blockchain technology where participants in the block production process earn additional revenue by rearranging transactions to suit third parties. According to Uma, lending protocols lose significant amounts of money each year, estimated at tens of millions of dollars, due to MEV.

The upcoming launch aims to solve this problem, as hinted in Uma’s statement about regaining lost value. “Every year, lending protocols lose tens of millions of dollars due to MEV. “Now is the time to regain that value” project decided At X.

Uma’s existing products

Uma started as an Ethereum-based DeFi protocol focused on synthetic assets. It currently operates primarily optimistic oracle products, allowing users to verify on-chain data with economic incentives and dispute resolution.

Uma’s price surge comes despite the overall cryptocurrency market experiencing a downturn. The overall market capitalization has decreased by 2.3% in the last 24 hours and is now worth $1.71 trillion. Bitcoin is currently trading around $41,000, reflecting a slight pullback from its recent upward trajectory.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Coinbase leads the cryptographic revolution with millions of users in more than 100 countries in 2025.

August 27, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Origin Summit Debuts In Seoul During KBW As Flagship Gathering On IP, AI, And The Next Era Of Blockchain-enabled Real-World Assets

August 26, 2025

ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems

August 26, 2025

Complete re -creation practice guide -AcKee Blockchain

August 26, 2025

Newcastle United Announce Multi-year Partnership With BYDFi

August 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025
Most Popular

Hyperliquid DEX trading volume reduces CEX market share: data

March 31, 2025

Dogecoin rally to $0.50 imminent after DOGE’s ‘overbought’ condition subsides

December 11, 2024

Bitcoin analysis shows that ‘risk aversion’ appears to be lower as retail demand increases by 13%.

October 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.