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Compound Price
Compound price

Compound Price(COMP)

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COMP
1 COMP =
USD $54.27
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Last updated 2024/04/29 01:49 (UTC)
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$ 54.27
-4.88%
1D
Page last updated: 2024-04-29 13:49 (UTC+0)
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Price of COMP today

The live price of Compound is $ 54.27 per (COMP / USD) with a current market cap of $ 440.21M USD. 24-hour trading volume is $ 25.38M USD. COMP to USD price is updated in real-time. Compound is -4.88% in the last 24 hours with a circulating supply of 8.11M.
COMP Price History USD
Date ComparisonAmount Change% Change
Today$ -2.786816-4.88%
30 Days$ -24.25-30.89%
60 Days$ -41.17-43.14%
90 Days$ -1.324396-2.38%

COMP Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 54.19
High: $ 57.06
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 911.20
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-1.01%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-4.88%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-8.67%
The percent change in trading volume for this asset compared to 7 days ago.

COMP Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#144
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 440.21M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 25.38M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
8.11M
81.12%
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
10.00M
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 542.66M
The total number of coins that will ever be created for the crypto asset, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Compound (COMP)

Compound is a decentralized cryptocurrency borrowing and lending platform built upon the Ethereum blockchain network. Compound was founded by avid serial entrepreneurs Robert Leshner and Geoffrey Hayes in 2017.  In January 2018, the platform was reportedly launched and followed by significant fundraising success in both 2018 and 2019.

Compound is a decentralized protocol that  seeks to incentivize users to borrow and lend on the peer-2-peer finance platform. Since Compound is built on Ethereum, the protocol primarily supports ERC20-based coins. Additionally, Ethereum gives the Compound network smart contract capability, which is a relevant feature in the network design scheme.

Since Compound seeks to remain fully decentralized, borrowing and lending done on the platform are all automated without an intermediary, executed by smart contract technology. The Compound network design implements incentives for both borrowers and lenders. The technology renders depositors who choose to lend to other borrowers on the platform an issued version of the cryptocurrency deposited, such as cETH, or cDAI.

The other token that comes into the incentivization system is the Compound network token, known by its token ticker - $COMP. $COMP is an ERC20 token and assists in the Compound ecosystem by being awarded to users who borrow, withdraw or repay assets to the platform. COMP is also rewarded to lenders who hold the issued pegged tokens as collateral for their deposited funds. Furthermore, $COMP is used for the governance of the network. As COMP is an ERC-20 token,  it utilizes a Proof-of-Stake (PoS) mechanism following the Ethereum Merge. Compound price is updated and available in real-time on Binance.

People Also Ask: Other Questions About Compound

  1. What is COMP Used For?

    $COMP is the network token for the Compound decentralized finance platform. $COMP is used to incentivize borrowers to withdraw and repay loaned crypto funds. $COMP is also used to incentivize lenders who assist in the network by making cryptocurrency assets available to borrowers in the P2P network infrastructure design.

    COMP is also a governance token, allowing holders the opportunity to vote on network decisions. The most notable governance decision of COMP holders participating in the voting system is a voice concerning percentage rates offered and produced on the platform.

  2. Who are the Compound Founders?

    The co-founders of Compound are businessmen and serial entrepreneurs who worked together on successful ventures prior to Compound. In 2017, Compound was founded by Robert Leshner and Geoffrey Hayes. The duo went on to launch the full version of Compound on Ethereum in 2018.

  3. What is the Maximum Token Supply of COMP?

    The circulating supply of COMP at the time of writing is 7.3 Million.. The total maximum token supply of COMP tokens is 10,000,000.

  4. What Makes Compound Different From Others?

    Built on Ethereum, Compound is fully compatible with other dApps built on the Ethereum platform. It allows users to access a wide range of financial services and applications. Additionally, Compound provides users with access to a deep pool of liquidity, making it easy for them to find counterparties for their trades.

    Compound's decentralized infrastructure, real-time interest rates, security, liquidity and interoperability make it a unique project in the DeFi space.

  5. How to Buy Compound (COMP)?

    Compound (COMP) can be purchased directly from Binance by using a debit or credit card. Compound (COMP) can also be traded for other cryptocurrencies on Binance. Live Compound price is updated in real-time on Binance. Additionally, COMP price and purchase information is available on our How to Buy Compound (COMP) Guide.

  6. How Much Will Compound Be Worth in Future?

    Check out our Compound Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

COMP to Local Currency

FiatPriceOperation
1 COMP to USD$ 54.27
1 COMP to TRY$ 54.27
1 COMP to RUB$ 54.27
1 COMP to EUR$ 54.27
1 COMP to AED$ 54.27
1 COMP to AUD$ 54.27
1 COMP to BRL$ 54.27
1 COMP to VND$ 54.27
1 COMP to IDR$ 54.27
Last updated 2024/04/29 01:49 (UTC)

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