Compound
About Compound
Compound (COMP) is an Ethereum-based algorithmic lending protocol that basically provides numerous accessible crypto lending and borrowing opportunities for everyone. As this decentralized market is built on Ethereum, it mostly supports ERC-20. It is worth mentioning that Compound does offer various Decentralized Finance (DeFi) solutions for other ecosystems, too. Compound works pretty similar to traditional loans: borrowers pay interest on the amount they receive, while lenders earn yields from the funds they allocate. Also, users who don’t feel comfortable with the potentially complex crypto lending have the chance to earn up to 4.00% annual percentage rate (APR) simply by depositing everyday U.S. Dollars to the Compound Treasury. COMP, the crypto token of Compound, unlocks governance rights to its holders, who can then participate in the vote-based decision making of the protocol.
In the last hour, Compound's price has seen a change of -1.19%, and over the past 24 hours, its price has moved by -3.63%. Over the previous week, Compound's price has moved by +4.31%. The current price of Compound is $24.36, accompanied by a trading volume of 17.49M in the last day. Compound's price is currently 97.33% below its all-time high of $911.20, which remains the highest price Compound has achieved since its launch. The circulating supply of Compound stands at 10.000M, translating to a total market capitalization of 243.6M.
Market stats
Frequently asked questions
What is the market cap of Compound?
With a market capitalization of 243.6M, Compound is ranked 120 among other crypto assets.
What is the all-time high of Compound?
The highest valuation of Compound since its launch was at $911.20, marking its all-time high.
What is the 24-hour trading volume of Compound?
The trading activity of Compound over the last 24 hours was at 17.49M, highlighting its liquidity in the market.
How many Compound are there in circulation?
There are approximately 10.000M units of Compound currently in circulation, affecting its market dynamics.
What is the relative popularity of Compound?
Compound market cap is around 243.6M.
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