UMA

UMA's AcrossProtocol, a bridge built and secured by UMA, is gaining market share and is set to become the largest non-canonical bridge.

UMA is proud to announce the 5 winners of the ETHGlobal Istanbul hackathon. The event was a success for the UMA team and some impressive products were built using the UMA infrastructure.

Over the last two years, there has been a steady increase in traffic from ETH mainnet to Optimistic Oracle. With the deployment of #oSnap on Arbitrum, there is speculation on whether Arbitrum assertions will surpass mainnet.

The UMA community has introduced AcrossProtocol as the standard for bridging. Across is an EVM compatible bridge that is designed to be the fastest and cheapest option, while also optimizing gas efficiency. The bridge relies on 3rd party relayers to fulfill user intentions and benefits from the security provided by UMA's Optimistic Oracle.

October 2023 has witnessed a significant increase in OO disputes, tackling controversial topics and demonstrating the strength of the dispute process. The UMA community is pushing the boundaries of what can be brought on-chain.

UMA stakers utilize shielded votes to resolve disputes and distribute bonds when assertions to the Optimistic Oracle are disputed.

The UMA team will be attending the EFDevconnect Istanbul event to promote the oSnap project. Hackers building on the AcrossProtocol platform may have the opportunity to see something exciting. Additionally, UMA is partnering with The Rollup Co. to provide exclusive content at the event.

ForeProtocol, a prediction market that allows users to create and resolve their own markets, will be launching on November 30th. The platform will utilize UMA's Optimistic Oracle for dispute resolutions.

UMA has achieved a significant milestone as their Optimistic Oracle has successfully validated 10,000 truths onchain. This includes results for oSnap by Snapshot Labs, liquidity balancing for Across Protocol, natural language statements for Polymarket, and soon for Fore Protocol.

The oSnap TVS has reached over $125 million, solidifying its position as a leader in decentralized governance. This milestone is a result of the support from the community, and more achievements are expected in the future. Follow the live TVS for real-time updates.