Compound
- Rank #92
- #19 in DeFi
COMP Price
Performance
- Market Cap
- $349.38 M
- FDV
- $442.00 M
- Volume 24h
- $24.34 M-15.62%
Key Backers
Investors
Twitter Followers
Twitter Performance
Rank by Twitter #1942051- 0
- 100
- 1000
- 4000
About COMP
About COMP
Overview of Compound
COMPPrice Statistics
- COMPPrice
- $44.39
- 24h Change
- $0.3012-0.68%
- Market Cap
- $349.38 M
- Volume 24h
- $24.34 M-15.62%
- 24h Low/High
- $43.22 /
$44.53 - All-Time High
- $911.2220.53x to ATH
- All-Time Low
- $24.001.85x to ATL
- Trade Launch Date
- 1204 days ago
COMPto USD Converter
Detailed Performance
COMP shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
Detailed Performance
COMP shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
Exchanges
Exchanges type
About COMP
Compound is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It allows users to lend and borrow various cryptocurrencies by providing liquidity to the platform. Users who deposit their crypto assets into Compound can earn interest on their deposits, while borrowers can use these assets as collateral to borrow other cryptocurrencies. Compound is known for its algorithmic interest rates, which fluctuate based on supply and demand dynamics. The protocol also allows developers to build applications and integrate with Compound through its open-source infrastructure.
What makes Compound unique?
Compound is unique compared to other cryptocurrencies because it is a decentralized finance (DeFi) protocol that allows users to lend and borrow digital assets. It operates as a decentralized lending platform, enabling users to earn interest on their idle crypto assets by supplying them to the protocol. Additionally, users can borrow assets by collateralizing their existing crypto holdings.
What sets Compound apart is its algorithmic interest rate model, where interest rates are determined dynamically based on the market supply and demand for each asset. This ensures that interest rates are always competitive and reflect the current market conditions. Compound also allows for instant access to funds, without the need for approval from a central authority.
Furthermore, Compound has gained popularity due to its open and permissionless nature, as anyone can interact with the protocol without requiring any KYC (Know Your Customer) procedures. This openness and accessibility have attracted a wide range of users, from individual investors to institutional players.
Overall, Compound's unique features of decentralized lending, algorithmic interest rates, instant access to funds, and permissionless nature distinguish it from other cryptocurrencies and make it a prominent player in the DeFi space.
Live Compound Price Data
The current price of Compound (COMP) is approximately $44.39, reflecting a decrease of -0.68% in the last 24 hours. The COMP trading volume in the last 24 hours stands at $24.34 million. Compound's market cap is currently $349.38 million, accounting for about 0.03% of the total crypto market cap. The circulating supply of COMP is 7.90 million.
If you're wondering how to buy Compound, top cryptocurrency exchanges such as Bibox, MEXC Futures, HTX (previously Huobi), Binance and BTSE (Futures) offer trading options. For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Compound's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on COMP, check out our crypto insights page.
COMPPrice Statistics
- COMPPrice
- $44.39
- 24h Change
- $0.3012-0.68%
- Market Cap
- $349.38 M
- Volume 24h
- $24.34 M-15.62%
- 24h Low/High
- $43.22 /
$44.53 - All-Time High
- $911.2220.53x to ATH
- All-Time Low
- $24.001.85x to ATL
- Trade Launch Date
- 1204 days ago