Currencies29224
Market Cap$ 2.48T+0.07%
24h Spot Volume$ 37.81B+6.11%
DominanceBTC51.63%-0.29%ETH17.35%-0.39%
ETH Gas11 Gwei
Cryptorank
Open report modalReport issue
Compound

Compound  COMP Price $ 49.26

Rank: 186

2225 Watchlists

DeFi

COMP Price

49.26
2.10%
(-$ 1.06)
Price Range
LowHigh
$ 49.23$ 50.88

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Compound is a DeFi lending protocol.

Compound (COMP) Chart

Compound price Index provides the latest COMP price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

COMP to USD Converter

Compound  (COMP)COMP

COMP Price Statistics

leaderboard

Market Cap

$ 337.72M

Fully diluted value

FDV

$ 492.59M

ATH Market Cap

$ 4.68B

24 Trade Vol.

$ 11.20M


Vol. (24h) / MCap

0.0331

Max Supply

COMP 10,000,000

Total Supply

COMP 10,000,000

Circulating Supply

COMP 6.86M

(68.6% of Max Supply)

Listing Date

16 Jun 2020

All Time High

$ 911.13

12 May 2021


All Time Low

$ 24.65

10 Jun 2023


From ATH

94.6%

From ATL

99.8%

What is Compound (COMP)?

Compound was founded in 2017 and is a protocol that hosts lending pools in order for users to earn interest on various cryptocurrencies. Its protocol is operated automatically through smart contracts on the network Ethereum, as such, COMP is an ERC-20 token.

What are Compound’s key features and how does it work?

Compound uses smart contracts running on Ethereum that connect lenders and borrowers, the two principal users of the platform. In simple terms, pools on Compound allow token holders to supply tokens to others who borrow those tokens at interest rates determined by supply and demand.

Lenders are those who lend a cryptocurrency on Compound. They can send tokens to an Ethereum address that is controlled by Compound in order to earn interest. A lender is rewarded with a new cryptocurrency in return for depositing into a pool. The new token is a cToken, examples of which include cETH and cDAI.

Borrowers are those who post collateral on Compound. This is in the form of a cryptocurrency. Borrowers are allowed to borrow any of the cryptocurrencies supported by Compound at a percentage of the value they post as collateral.

Compound also rewards lenders with COMP tokens based on the number of cTokens held in their wallets. The amount of reward is also dependent on interest rates, which themselves are dependent on the available supply of a particular asset. The more liquidity in a market, the lower the interest rate. 

Also worth mentioning is that users who lend assets to the protocol have the option to take out a loan in any other cryptocurrency that Compound offers, up to the amount of collateral posted. Additionally, borrowers may get liquidated if the asset that they borrow increases in value and surpasses the posted collateral. 

Finally, COMP token-holders can debate, propose, and vote on all changes to the protocol.

By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol and will be incentivized to collectively steward the protocol into the future with good governance.

Compound Price Today

Compound 's current price is $ 49.26, it has dropped -2.1% over the past 24 hours.

Compound 's All Time High (ATH) of $ 911.13 was reached on 12 May 2021, and is currently -94.6% down.

The current circulating supply of Compound is 6.86 Million tokens, and the maximum supply of Compound is 10.00 Million.

Compound ’s 24 hour trading volume is $ 11.20 Million.

Compound 's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 337.72 Million.

You can find more details about Compound on its official website and on the block explorer.

Trending Coins and Tokens Flame icon