Proof of Usefulness Report

Umbrella Network

Analysis completed on 2/1/2026

+25
Proof of Usefulness Score
You're In Business

Umbrella Network is a legitimate but micro-cap decentralized oracle project with extremely low market activity (daily trading volume <$10, market cap <$70k). While the technology (Layer 2 Merkle Trees) is valid, the submission contains significant falsehoods, claiming 'most people have used my product' and 'everyone' as the audience, which contradicts the reality of its niche, developer-focused user base and zombie-chain status. The project appears to be in a state of low maintenance despite a published roadmap.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+7.5
Audience Reach Impact+1.0
Technical Innovation+9.0
Evidence Of Traction+1.25
Market Timing Relevance+3.0
Functional Completeness+0.25
Subtotal+22
Usefulness Multiplierx1.14
Final Score+25

Project Details

Project URL
Description
Umbrella Network, accessible via its domain umb.network, is a decentralized oracle service that provides secure and scalable data solutions for blockchain applications. The company focuses on delivering reliable and real-time data feeds to smart contracts, enhancing the functionality and trustworthiness of decentralized applications (dApps). By leveraging a network of validators and a unique consensus mechanism, Umbrella Network ensures data accuracy and integrity, making it a vital component for developers seeking to integrate off-chain data into their blockchain projects. The platform is designed to support a wide range of industries, including finance, insurance, and supply chain, by offering a robust infrastructure for data management and distribution.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline