<p>Compound has overtaken MakerDAO, Saturday, June 20, to become the largest decentralized finance protocol by total value locked according to data from DeFi Pulse. There is approximately $500M in cryptocurrency locked on Compound compared to $486M on MakerDAO.</p> <div id="attachment_69078"class="wp-caption alignnone" style="max-width: 2786px;"><a href="https://www.theblockcrypto.com/linked/69077/screen-shot-2020-06-20-at-5-16-13-pm" rel="attachment wp-att-69078"><img class="has-caption wp-image-69078 size-full" src="https://www.tbstat.com/wp/uploads/2020/06/Screen-Shot-2020-06-20-at-5.16.13-PM.png" alt="" width="2776" height="1266" /></a><p class="wp-caption-text">Source: <a href="https://defipulse.com/">DeFi Pulse</a></p></div> <p>Compound began distributing its native governance token, COMP, on June 15, to token borrowers and suppliers on its platform. Following its distribution, COMP's token started trading on decentralized exchange Uniswap at a price of approximately $30. The tokens are now trading at $249, per data from CoinGecko.</p> <p>The COMP token was first <a href="https://www.theblockcrypto.com/linked/57044/defi-compound-governance-token-decentralization-lending-protocol">unveiled</a> in February and went live on Ethereum in <a href="https://www.theblockcrypto.com/post/62126/defi-compound-decentralized-governance-token-coinbase-live">mid-April</a>.</p>