Compound: Ethereum Data and Analysis of its App-Specific Chain

Compound is one of the “Big 3” (in addition to MakerDAO and Aave) lending protocols on Ethereum, with $4.6 billion in outstanding debt. This is the highest figure among lending protocols — MakerDAO’s DAI supply is at $2.6 billion and Aave has $1.5 billion in outstanding debt (split evenly between v1 and v2 of the protocol).

The rise of activity on Compound was triggered by the introduction of COMP rewards in July 2020.