Umbrella Network (UMB) Price

Umbrella Network is a decentralized oracle service designed to provide scalable and secure data for modern DeFi applications. As a community-governed oracle network, UMB aims to offer cost-effective and reliable off-chain data to blockchain ecosystems. Key features of Umbrella Network include: - Decentralized data provision using a network of validators - Scalable architecture to handle high volumes of data requests - Cost-effective oracle services compared to alternatives - Community governance allowing token holders to participate in decision-making Umbrella Network was launched in February 2021 on the Ethereum blockchain. The native token UMB is used for governance, staking, and accessing oracle services. Currently, UMB is ranked #6074 with a price of $0.000092 and a 24-hour trading volume of $6.74K. The circulating supply is 429.01M UMB UMB tokens out of a total supply of 447.53M UMB. The all-time high price was $2.620000 on February 10, 2021. As a relatively new project in the oracle space, Umbrella Network aims to compete with established players by offering improved scalability and lower costs for DeFi protocols and other blockchain applications requiring off-chain data.

Umbrella Network was created on February 9, 2021. The project launched its token on the Ethereum blockchain on this date, marking the official creation of the UMB cryptocurrency. Since then, Umbrella Network has been operating as a decentralized oracle service aimed at providing scalable and cost-effective data solutions for DeFi and blockchain applications. The launch price was $0.3 per token. As of 2026-05-07, Umbrella Network is trading at $0.000092 with a market cap of $39.64K and a circulating supply of 429.01M UMB.

The founders of Umbrella Network are Sam Kim and Noah Kershner. They established the project in 2020 with the goal of creating a scalable and cost-effective decentralized oracle solution for the DeFi and blockchain ecosystem. Sam Kim serves as the CEO, bringing extensive experience in blockchain technology and distributed systems. Noah Kershner takes on the role of CTO, leveraging his expertise in cryptography and smart contract development. Together, they lead the Umbrella Network team in developing innovative oracle services that aim to provide secure and reliable data for decentralized applications.

Umbrella Network works as a decentralized oracle service for the DeFi and blockchain ecosystem. Here's how it operates: 1. Data Collection: Umbrella Network aggregates off-chain data from multiple sources. 2. Consensus Mechanism: It uses a community-driven consensus model to validate and verify the collected data. 3. Merkle Tree: Validated data is organized into a Merkle tree structure for efficient storage and retrieval. 4. On-chain Publishing: The Merkle root is published on-chain, ensuring data integrity and transparency. 5. Data Accessibility: DeFi applications can access this verified data through smart contracts. 6. Scalability: Umbrella Network's architecture allows for handling large volumes of data cost-effectively. 7. Cross-chain Support: It operates across multiple blockchain networks, including Ethereum and BNB Chain. 8. Token Utility: The UMB token is used for governance, staking, and accessing oracle services. By providing reliable, scalable, and cost-effective oracle services, Umbrella Network aims to support the growth of decentralized applications in the blockchain space.

Umbrella Network utilizes a hybrid architecture combining on-chain and off-chain components: 1. On-chain: Smart contracts on Ethereum and other blockchains for data storage and consensus. 2. Off-chain: A network of validator nodes that collect, verify, and submit data to the blockchain. 3. Merkle tree data structure: Allows efficient storage and verification of large datasets. 4. Layer-2 scaling: Implements optimistic rollups for improved throughput and lower costs. 5. Cross-chain interoperability: Bridges to connect multiple blockchain networks. 6. Decentralized governance: UMB token holders can participate in protocol decisions. 7. Oracle system: Provides reliable external data to smart contracts. This architecture enables Umbrella Network to offer scalable, cost-effective, and secure oracle services for DeFi and blockchain applications across multiple networks.

The future and roadmap of Umbrella Network (UMB) looks promising. Key developments include: 1. Expanding oracle services across multiple blockchains to increase interoperability. 2. Launching new DeFi products leveraging Umbrella Network's decentralized data feeds. 3. Enhancing scalability and throughput of the network to handle growing demand. 4. Implementing governance upgrades to further decentralize decision-making. 5. Partnering with major DeFi protocols to integrate Umbrella Network oracles. 6. Developing privacy-preserving features for sensitive data feeds. 7. Exploring layer-2 scaling solutions to reduce transaction costs. 8. Introducing staking and yield farming opportunities for UMB token holders. 9. Expanding the core development team and community contributors. 10. Conducting regular security audits to maintain network integrity. With these initiatives, Umbrella Network aims to become a leading oracle solution in the Web3 ecosystem by 2031. The team is focused on driving adoption, improving technology, and creating value for stakeholders. As the DeFi space grows, Umbrella Network's role in providing reliable off-chain data could become increasingly vital.

Umbrella Network is experiencing an upward trend due to increased adoption in DeFi applications, positive market sentiment, and recent protocol upgrades enhancing its oracle capabilities. The current price of $0.000092 represents a -22.28% gain in the last 24 hours, with trading volume reaching $6.74K.

Umbrella Network is dropping due to market volatility and decreased investor confidence. The current price of $0.000092 represents a -22.28% decline in the last 24 hours. Factors like overall crypto market trends, project developments, and macroeconomic conditions are likely influencing UMB's downward movement.

Based on current market trends and projections, Umbrella Network (UMB) could potentially reach -- by 2027, -- by 2026 + 3, and -- by 2031. However, cryptocurrency prices are highly volatile and these estimates are speculative.

Umbrella Network price movements are unpredictable, but it may rise in the future based on market conditions and project developments. Current price is $0.000092 with a -22.28% change in the last 24 hours. Analysts project potential increases to -- by 2027 and -- by 2031.

The current price of Umbrella Network (UMB) is $0.000092. As the #6074 cryptocurrency by market cap, UMB has seen a -22.28% change in the last 24 hours with a trading volume of $6.74K.

The highest price Umbrella Network has ever reached is $2.620000. This all-time high was recorded on February 10, 2021.

The lowest price Umbrella Network has ever reached is $0.000066. This all-time low was recorded on June 13, 2025.

Currently, 1 UMB is worth $0.000092.

Umbrella Network is valuable as a decentralized oracle service providing scalable and cost-effective data for DeFi and blockchain applications. Its community-governed network ensures reliable off-chain data feeds, crucial for smart contract functionality. With a current price of $0.000092 and market cap of $39.64K, UMB shows potential for growth in the expanding oracle sector.

The total supply of Umbrella Network (UMB) is 447.53M UMB, with a circulating supply of 429.01M UMB. The maximum supply is set at 447.53M UMB.

Mining Umbrella Network (UMB) is currently not profitable due to its low price of $0.000092 and market cap of $39.64K. The coin's ranking at 6074 suggests limited mining rewards. However, future profitability may change if UMB's value increases significantly.

Umbrella Network was launched on February 9, 2021. This decentralized oracle service aims to provide scalable and cost-effective data solutions for the DeFi and blockchain ecosystem.

Currently, one UMB costs $0.000092.

You can buy Umbrella Network through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy UMB at $0.000092.

To purchase UMB, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to UMB trading pair, enter purchase amount, and confirm your transaction. Store your UMB in a secure wallet for safekeeping.

Yes, Umbrella Network is generally considered safe and legitimate. It's a decentralized oracle service built on Ethereum with a strong development team and community backing. Umbrella Network has been operational since 2021 and is currently ranked 6074 by market cap at $0.000092. As with any cryptocurrency, investors should do their own research and be aware of potential risks.

The current price of 1 Umbrella Network (UMB) is $0.000092. This represents a -22.28% change in the last 24 hours. The 24-hour trading range for UMB is between $0.000135 and $0.000218, with a trading volume of $6.74K.

Umbrella Network is a decentralized oracle service providing scalable and cost-effective data solutions for DeFi and blockchain applications. It uses a community-governed model to deliver secure and reliable off-chain data to smart contracts.

Umbrella Network is a decentralized oracle service providing scalable and cost-effective data solutions for DeFi and blockchain applications. It aims to offer the security and reliability needed for modern decentralized finance protocols. Umbrella Network's native token UMB is used for governance and staking within the network ecosystem.

Umbrella Network is a token, not a coin. It operates on the Ethereum blockchain as an ERC-20 token with the contract address 0x6fC13EACE26590B80cCCAB1ba5d51890577D83B2.