Compound
COMP Price
How is the price of Compound (COMP) calculated?
The price of Compound (COMP) is calculated in real-time by aggregating the latest data across 127 exchanges and 178 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Compound Price Chart (COMP)
1h | 24h | 7d | 14d | 30d | 1y |
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0.6% | 4.5% | 1.1% | 5.1% | 1.6% | 11.3% |
COMP Converter
Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$398,278,143 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.88 |
Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
0.2 |
Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$453,337,929 |
Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
0.22 |
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$43,742,619 |
Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$2,038,607,854 |
Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
8,785,458
|
Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
10,000,000 |
Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
10,000,000 |
COMP Historical Price
24h Range | $43.32 – $45.73 |
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7d Range | $42.43 – $45.63 |
All-Time High |
$910.54
95.0%
May 12, 2021 (over 3 years)
|
All-Time Low |
$25.74
76.1%
Jun 10, 2023 (over 1 year)
|
How do you feel about COMP today?
What is the Compound Protocol?
Compound is a decentralized blockchain protocol that allows users to lend or borrow selected cryptocurrencies. It establishes money markets by pooling assets together and algorithmically setting interest rates based on supply and demand of assets.
To supply or lend crypto assets on Compound, users will have to deposit their crypto assets into the Compound protocol and it will be aggregated into a liquidity pool. Once users have made the deposit, they will receive cTokens in return. Users will start accruing interest by holding the cTokens.
Once assets are supplied to Compound, users are allowed to use the assets as collateral. Based on the collateral factor of the assets deposited, users can start borrowing from Compound. Because Compound uses an overcollateralization model, you can never borrow more than what is collateralized.
Who founded Compound?
Compound was founded by long-time business partners Robert Leshner and Geoffrey Hayes in 2017. Compound was officially launched on the Ethereum mainnet in 2018, and their headquarters is in San Francisco.
What is COMP?
COMP is the governance token for Compound Protocol and it was distributed since June 2020. It is an ERC-20 token issued on Ethereum.
COMP tokens are mainly used for protocol governance. COMP holders can suggest, debate, and implement changes to Compound - without relying on, or requiring, the Compound team whatsoever. COMP also allows its owner to delegate voting rights to an address of their choice.
How is Compound different from traditional finance?
Compound behaves similarly to a bank but it is more easily accessible. To use Compound, users are not required to provide personal and private information. Anyone with an internet connection could sign up for Compound and start interacting with the protocol. All they need is some crypto assets stored on a crypto wallet like Metamask.
In addition, the return rates for Compound are more attractive compared to traditional banks. For example, if you store money in a savings account, it will only generate a measly 0.05% APY. On the other hand, Compound would offer up to 4% APY depending on the assets supplied.
Do note that the higher interest rate offered is due to the additional risks incurred by using the Compound smart contract.
Who are competitors of Compound Protocol?
Any services that facilitate lending of money is a competitor of Compound. In centralized finance, there are banks, money markets, and crypto lending services such as Nexo, Crypto.com, Celsius Network, Binance, and more. In DeFi, there are other competing services such as Aave.
How did Compound contribute to the yield farming / liquidity mining craze?
Yield farming is a process that allows users to earn a return on their crypto assets by providing it to Decentralized Finance (DeFi) protocols such as Compound. Liquidity mining is an additional incentive structure given through the reward of governance tokens to incentivize users to provide more liquidity to DeFi protocols.
The release of COMP tokens in June 2020 jump started the yield farming and liquidity mining movement during the summer of 2020. COMP tokens were given to users who lent and borrowed assets on the Compound platform. This incentive made Compound extremely popular and significantly increased the assets lent and borrowed on Compound.
How to farm for COMP?
If you supply or borrow assets on Compound, you will be rewarded with an allocation of COMP, of which 2,880 COMP are distributed daily. COMP tokens are distributed among the various money markets based on the dollar value of assets borrowed. Currently DAI has the highest demand, receiving about 60% of the daily COMP distribution. The allocation is then split equally between suppliers and borrowers.
Which assets are supported on Compound?
As of December 2020, there are 9 tokens available on Compound. The supported assets are DAI, ETH, USDC, ZRX, USDT, WBTC, BAT, UNI, COMP.
How does Compound Governance work?
A user must have 100,000 COMP tokens on hand or delegated from other users to table a proposal. Once submitted, there is a 3-day voting period wherein a minimum of 400,000 votes must be cast. If a majority of the votes support the proposal, the new change will be implemented after a 2-day waiting period.
These proposals may include adding support for a new asset, changing an asset’s collateral factor, changing a market’s interest rate model, or changing any other protocol parameter or variable. These proposals will be in the form of executable codes, not suggestions for the team to implement.
To see the list of current and previous proposals, you may read it here.
Where can you buy Compound?
COMP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Compound is Azbit, where the most active trading pair COMP/USDT has a trading volume of $1,766,403.57 in the last 24 hours. Other popular options include HashKey Global and WhiteBIT.
What is the daily trading volume of Compound (COMP)?
The trading volume of Compound (COMP) is $43,672,857.71 in the last 24 hours, representing a 51.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Compound (COMP)?
The highest price paid for Compound (COMP) is BTC0.03986, which was recorded on May 12, 2021 (over 3 years). Comparatively, the current price is -95.00% lower than the all-time high price.
What is the all-time low for Compound (COMP)?
The lowest price paid for Compound (COMP) is BTC0.0006559, which was recorded on Jun 10, 2023 (over 1 year). Comparatively, the current price is 76.10% higher than the all-time low price.
What is the market cap of Compound (COMP)?
Market capitalization of Compound (COMP) is BTC6,037.3049 and is ranked #186 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of COMP tokens (8.8 Million tokens are tradable on the market today).
What is the fully diluted valuation of Compound (COMP)?
The fully diluted valuation (FDV) of Compound (COMP) is BTC6,871.9295. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Million COMP tokens are in circulation today. Depending on how the emission schedule of COMP tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Compound compare against its peers?
With a price increase of 1.10% in the last 7 days, Compound (COMP) is underperforming the global cryptocurrency market which is up 5.80%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
How to add Compound (COMP) to MetaMask?
Adding Compound (COMP) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import COMP as a token. You can copy COMP’s contract address (0xc00e94cb662c3520282e6f5717214004a7f26888) and import it manually, or if you've installed MetaMask's chrome extension, add COMP to MetaMask with one click on CoinGecko.
Add COMP to MetaMask.
Compound Markets
# | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
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1 |
CEX
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$45.38 | 0.02% | $133,349 | $125,086 | $1,766,403 | 4.04% |
Recently
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2 |
CEX
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$45.39 | 0.24% | $14,452 | $17,147 | $7,454,742 | 17.05% |
Recently
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3 |
CEX
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$45.36 | 0.04% | $100,010 | $46,553 | $1,110,404 | 2.54% |
Recently
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4 |
CEX
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$45.31 | 0.07% | $9,694 | $14,732 | $1,602,804 | 3.67% |
Recently
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5 |
CEX
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$45.30 | 0.07% | $56,860 | $47,532 | $1,150,483 | 2.63% |
Recently
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6 |
CEX
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$45.33 | 0.02% | $5,847 | $4,694 | $368,920 | 0.84% |
Recently
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7 |
CEX
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$45.32 | 0.07% | $48,341 | $50,388 | $416,489 | 0.95% |
Recently
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8 |
CEX
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$45.30 | 0.04% | $54,533 | $51,298 | $209,859 | 0.48% |
Recently
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9 |
CEX
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$45.31 | 0.35% | $22,350 | $27,750 | $1,453,363 | 3.33% |
Recently
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10 |
CEX
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$45.35 | 0.09% | $40,122 | $55,387 | $194,140 | 0.44% |
Recently
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