Compound Price Data
Compound (COMP)
currently has a price of
$20.09
and is
up
5.022%
over the last 24 hours. The cryptocurrency is ranked
179
with a market cap of
$200.9M.
Over the last 24 hours, it saw
$9.9M
of trading volume. The token has a circulating supply of
10M
tokens out of a total supply of
10M
tokens.
Compound (COMP) is a decentralized lending protocol on the Ethereum blockchain that offers users the opportunity to earn interest on their cryptocurrency holdings through lending or borrowing. It operates on algorithmically determined interest rates that adjust according to supply and demand dynamics. With the governance token COMP, holders can propose and vote on changes to the protocol, fostering a sense of community ownership and decentralized decision-making. Additionally, Compound supports a wide range of cryptocurrencies, enabling users to diversify and utilize multiple tokens within the platform.
