Compound (COMP) Metrics
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Compound (COMP)
What is Compound?
Compound (COMP) is a decentralized finance (DeFi) protocol launched in 2018 by Compound Labs, Inc. It was designed to facilitate the lending and borrowing of cryptocurrencies without the need for intermediaries. Operating on the Ethereum blockchain, Compound allows users to supply assets to liquidity pools and earn interest, while borrowers can take out loans by providing collateral. The protocol employs smart contracts to automate these processes and ensure transparency. The native token, COMP, plays a crucial role in the governance of the protocol. Token holders can propose and vote on changes to the protocol, influencing its development and operation. This decentralized governance model empowers the community to manage the system collaboratively. Compound distinguishes itself through its algorithmic interest rate model, which adjusts rates based on supply and demand dynamics, ensuring efficient capital allocation. This innovation positions Compound as a significant player in the DeFi space, offering a robust platform for decentralized financial services.
When and how did Compound start?
Compound originated in 2017 when it was founded by Robert Leshner and Geoffrey Hayes. The project aimed to create a decentralized finance platform that allows users to lend and borrow cryptocurrencies. Compound's whitepaper was released in that year, outlining its vision for an autonomous interest rate protocol built on the Ethereum blockchain. The project's development progressed with the launch of its testnet in 2018, which allowed for initial testing and feedback from the community. Compound's mainnet went live in September 2018, marking its official entry into the decentralized finance space. The initial distribution of Compound's native token, COMP, took place in June 2020 through a governance token distribution model. This model was designed to incentivize participation and decentralize control of the protocol by distributing COMP tokens to users who interacted with the platform. These foundational steps set the stage for Compound's growth and its role in the burgeoning DeFi ecosystem.
What’s coming up for Compound?
According to official updates, Compound is preparing for the launch of its new protocol version, Compound III, which is focused on enhancing capital efficiency and user experience. This upgrade is expected to be rolled out in phases over the next few quarters. Additionally, the Compound governance community is considering proposals to integrate with various layer-2 scaling solutions, aiming to reduce transaction costs and improve scalability. These initiatives are designed to bolster the protocol’s performance and accessibility. Progress and specific timelines for these developments are actively tracked through Compound’s governance forums and GitHub repositories, ensuring transparency and community involvement in the decision-making process.
What makes Compound stand out?
Compound distinguishes itself through its decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies seamlessly. Built on the Ethereum blockchain, Compound utilizes smart contracts to automate the management of collateral and interest rates, ensuring transparency and efficiency. A key differentiator is its algorithmic interest rate model, which dynamically adjusts rates based on supply and demand, optimizing the utilization of assets. Compound's governance is community-driven, allowing COMP token holders to propose and vote on protocol changes, fostering a decentralized decision-making process. The ecosystem includes integrations with various DeFi platforms and wallets, enhancing its interoperability and accessibility. These features position Compound as a prominent player in the DeFi space, offering a unique blend of technology and community engagement.
What can you do with Compound?
Compound is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies. The primary utility of the COMP token is governance; holders can propose and vote on changes to the protocol, influencing its future development and operations. Additionally, users can supply their crypto assets to the Compound protocol and earn interest, while borrowers can take out loans against their supplied assets as collateral. Developers can build decentralized applications (dApps) that integrate with Compound to offer financial services, leveraging its open-source smart contracts. The ecosystem supports a variety of wallets that allow users to interact with the protocol, such as supplying assets, borrowing, and participating in governance. Compound's infrastructure is built on the Ethereum blockchain, utilizing the ERC-20 token standard for COMP. This ensures compatibility with a wide range of Ethereum-based applications and services.
Is Compound still active or relevant?
Compound remains active and relevant, evidenced by its ongoing development and governance activities. As of recent updates, Compound has been focusing on enhancing its protocol with the introduction of new features and improvements to its decentralized finance platform. In September 2023, a new version of the protocol was released, which included optimizations for gas efficiency and security enhancements. The project continues to maintain a strong presence across major cryptocurrency exchanges, ensuring its tokens are widely accessible for trading. Additionally, Compound is integrated into numerous DeFi platforms and applications, reinforcing its role within the decentralized finance ecosystem. Governance remains a core aspect of Compound's activity, with recent proposals and votes demonstrating active community involvement. These factors collectively underscore Compound's sustained relevance and influence in the DeFi sector.
Who is Compound designed for?
Compound is designed for both individual cryptocurrency users and institutional investors, enabling them to earn interest on their digital assets or borrow against them. The platform primarily serves users looking for decentralized finance (DeFi) solutions, allowing them to lend their cryptocurrencies in exchange for interest or to borrow assets by providing collateral. Compound offers a straightforward interface for these activities, making it accessible to a wide range of users, from casual investors to more sophisticated financial entities. Secondary participants, such as liquidity providers and governance token holders, play a crucial role in the Compound ecosystem. Liquidity providers supply assets to the protocol, facilitating borrowing and lending activities, while governance token holders participate in decision-making processes, influencing the future development and policies of the platform. This decentralized governance model empowers users to have a say in the protocol's evolution, ensuring it meets the community's needs.
How is Compound secured?
Compound is secured through a combination of mechanisms designed to ensure network integrity and participant trust. The protocol operates on the Ethereum blockchain, utilizing Ethereum's proof-of-stake (PoS) consensus mechanism to validate transactions and maintain decentralized control. This involves validators who stake their Ether to propose and attest to new blocks, aligning their incentives through staking rewards while imposing penalties for dishonest behavior. Cryptographic security in Compound is achieved using techniques such as Elliptic Curve Digital Signature Algorithm (ECDSA), which ensures that transactions are authenticated and data integrity is maintained. This cryptographic foundation is crucial for securing user interactions and protecting against unauthorized access. Compound also implements governance safeguards, allowing token holders to vote on protocol upgrades and changes, which helps in managing risks and evolving the system. Regular audits and a robust bug bounty program further enhance security by identifying and mitigating vulnerabilities. These layers of security contribute to the resilience and reliability of the Compound protocol.
Has Compound faced any controversy or risks?
Compound has faced notable controversies and risks, particularly involving technical and governance factors. In September 2021, a significant incident occurred when a bug in a recent upgrade to the protocol's smart contracts led to the erroneous distribution of approximately $90 million in COMP tokens. The Compound team addressed this by pausing further distribution of tokens and encouraging users to return excess funds. Additionally, they expedited a governance proposal to fix the bug. In terms of governance risks, Compound relies heavily on decentralized decision-making, which can lead to disputes or delays in implementing critical changes. The team has implemented measures such as regular audits and a bug bounty program to mitigate technical risks. However, as with any DeFi platform, ongoing risks include potential smart contract vulnerabilities and regulatory scrutiny, which Compound seeks to mitigate through transparency and proactive community engagement.
Compound (COMP) FAQ – Key Metrics & Market Insights
Where can I buy Compound (COMP)?
Compound (COMP) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the COMP/USDT trading pair recorded a 24-hour volume of over $4 241 659.48. Other exchanges include BitMart and WhiteBIT.
What's the current daily trading volume of Compound?
As of the last 24 hours, Compound's trading volume stands at $10,073,420.50 , showing a 16.56% increase compared to the previous day. This suggests a short-term increase in trading activity.
What's Compound's price range history?
All-Time High (ATH): $913.49
All-Time Low (ATL): $14.97
Compound is currently trading ~98.15% below its ATH
.
What's Compound's current market capitalization?
Compound's market cap is approximately $150 077 711.00, ranking it #222 globally by market size. This figure is calculated based on its circulating supply of 8 870 007 COMP tokens.
How is Compound performing compared to the broader crypto market?
Over the past 7 days, Compound has declined by 14.86%, underperforming the overall crypto market which posted a 0.58% decline. This indicates a temporary lag in COMP's price action relative to the broader market momentum.
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Compound Basics
| Development status | Working product |
|---|---|
| Org. Structure | Semi-centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
17 June 2020
over 5 years ago |
|---|
| Website | compound.finance |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (8) | etherscan.io bscscan.com polygonscan.com explorer.harmony.one |
|---|
| Tags |
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|---|
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Compound Exchanges
Compound Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Compound
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 11 | Hyperliquid HYPE | $10 611 573 210 | $31.78 | $238 592 506 | 333,928,180 | |||
| 23 | Chainlink LINK | $5 591 248 189 | $8.92 | $375 645 989 | 626,849,970 | |||
| 38 | Dai DAI | $3 329 912 173 | $1.000206 | $947 621 961 | 3,329,226,824 | |||
| 40 | Official World Liberty Financial WLFI | $2 739 078 634 | $0.111033 | $150 768 371 | 24,669,070,265 | |||
| 43 | Uniswap UNI | $2 104 524 611 | $3.51 | $113 598 343 | 600,425,074 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | XRP XRP | $87 910 809 200 | $1.44 | $3 188 708 809 | 60,917,315,351 | |||
| 6 | USDC USDC | $72 927 823 443 | $1.000129 | $13 114 017 732 | 72,918,386,448 | |||
| 7 | Solana SOL | $49 689 001 390 | $87.57 | $3 328 505 452 | 567,402,200 | |||
| 10 | Dogecoin DOGE | $14 361 377 841 | $0.096290 | $909 153 750 | 149,147,696,384 | |||
| 12 | Bitcoin Cash BCH | $10 578 326 450 | $532.49 | $371 275 691 | 19,865,787 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 354 951 523 | $0.999632 | $62 821 821 786 | 177,420,277,588 | |||
| 6 | USDC USDC | $72 927 823 443 | $1.000129 | $13 114 017 732 | 72,918,386,448 | |||
| 9 | Lido Staked Ether STETH | $20 819 435 347 | $2 125.65 | $31 184 332 | 9,794,399 | |||
| 14 | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 271 480 907 | $2 607.48 | $14 259 291 | 3,555,731 | |||
| 15 | Wrapped Bitcoin WBTC | $9 216 165 003 | $70 256.94 | $376 565 765 | 131,178 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Compound



