Compound price

in USD
$46.63
-$1.870 (-3.86%)
USD
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Market cap
$440.92M #82
Circulating supply
9.44M / 10M
All-time high
$911.64
24h volume
$31.43M
3.8 / 5
COMPCOMP
USDUSD

About Compound

COMP is the native cryptocurrency of the Compound protocol, a decentralized finance (DeFi) platform built on blockchain technology. Compound allows users to lend and borrow cryptocurrencies without needing a traditional bank or intermediary. By depositing assets into the platform, users can earn interest, while borrowers can access funds by providing collateral. COMP plays a key role in this ecosystem by giving holders the ability to participate in governance decisions, such as proposing and voting on changes to the protocol. This makes COMP more than just a token—it’s a tool for shaping the future of decentralized finance. Whether you're exploring earning passive income or learning about DeFi, COMP introduces you to a world of financial innovation powered by blockchain.
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Last audit: 8 Apr 2021, (UTC+8)

Compound’s price performance

Past year
+10.44%
$42.22
3 months
+9.20%
$42.70
30 days
-7.17%
$50.23
7 days
-11.52%
$52.70
72%
Buying
Updated hourly.
More people are buying COMP than selling on OKX

Compound on socials

sri | srimisra.eth
sri | srimisra.eth
Great post by @Satyams2468 on DeFi lending $100b in lending protocols is a milestone - but the bigger shift is that DeFi makes credit markets transparent and uniform. No hidden spreads, no geography-based penalties. the same collateral rules, the same rates - whether you’re in New York or Nairobi. > that’s the real disruption
Satyam Singh
Satyam Singh
Total deposits into Lending Protocols have surpassed $100 billion. It has reached ~$100.2 billion, up from $32 billion, a 3.13× increase in the last year. Aave holds $64.6 billion, representing 64% of the lending market. Over the past year, @Aave has seen 3–4x growth across all key metrics such as TVL, fees, revenue, and active loans. I believe the lending protocol has more potential than we think. Its adoption has only just started. We haven’t even reached 1% of the deposits we may see in the next 10 years. Deposits will compound in the coming years. Why Lending Protocols Will Become the World's Largest Banks 1/ Borderless Access to Capital: If you have an internet connection, you can borrow or lend — no matter where you are. 2/ Better Yields for Lenders: Banks typically pay just 1–3% interest on savings, while DeFi lending protocols offer significantly higher rates. 3/ 24/7 Instant Liquidity: Need a loan or want to repay? It happens in minutes, any time of day, anywhere in the world. No paperwork. No waiting. 4/ More Types of Collateral: Crypto, NFTs, tokenized stocks, gold, silver, and more can be used as collateral. 5/ Global Rate Opportunities: Borrow where rates are lowest, lend where returns are highest. Example: Use Apple stock to borrow on Aave at 5%, or lend USDT on another protocol offering higher yields. 6/ Everyone Will Join In: Hedge funds, corporations, banks, pension funds, sovereign wealth funds, universities, endowments, insurance companies, non-profit organizations, and even governments. Everyone can join Aave is a leader in lending protocols. Now, let's understand Aave's potential with an example. What if you want to buy Apple stock and don’t live in the U.S.? 1st Step First of all, choose a broker that allows you to trade U.S. stocks and complete KYC with Proof of address. You may also need to submit tax forms (e.g., W-8BEN) for U.S. tax compliance and reduced dividend withholding. 2nd Step Fund your account with your local currency (e.g., INR, EUR) or GBP if you have a foreign account. The broker will convert your funds to USD when you buy Apple shares. Pay Fees: - Currency conversion: 0.5–2% - Brokerage fees: 0.1–0.5% Restrictions: Some countries under U.S. sanctions can't buy the US stocks. Because of tokenization, anyone can buy U.S. stocks from anywhere, without KYC or proof of address, and at low fees, which could drive greater demand for U.S. equities. If anyone wants to borrow money for a short or long period, Aave will offer loans at around 4–6%. Similarly, in TradFi, we can pledge our stocks as collateral to borrow. The best thing is that the interest rates would be the same for everyone, whether you’re from America or Burundi. Many countries charge higher interest rates to their citizens, and their stock markets are often stagnant. Thanks to tokenization, they would be able to invest in the best-performing stock markets and use their stocks as collateral for borrowing. Today, the combined market cap of the top 10 U.S. stocks is $23 trillion. If just 10% of that market cap comes on-chain in the next five years, it would amount to $2.3 trillion. If only 10% of that goes into Aave for lending, it would be $230 billion. I am not assuming any growth in these stocks, even though they are likely to grow at least 2x over the next five years. I’m pretty sure Aave will reach at least $500–700 billion in TVL by 2030.
Superchillen eth/acc
Superchillen eth/acc
I genuinely think AAVE reaches $1,000 before year end.
Satyam Singh
Satyam Singh
Total deposits into Lending Protocols have surpassed $100 billion. It has reached ~$100.2 billion, up from $32 billion, a 3.13× increase in the last year. Aave holds $64.6 billion, representing 64% of the lending market. Over the past year, @Aave has seen 3–4x growth across all key metrics such as TVL, fees, revenue, and active loans. I believe the lending protocol has more potential than we think. Its adoption has only just started. We haven’t even reached 1% of the deposits we may see in the next 10 years. Deposits will compound in the coming years. Why Lending Protocols Will Become the World's Largest Banks 1/ Borderless Access to Capital: If you have an internet connection, you can borrow or lend — no matter where you are. 2/ Better Yields for Lenders: Banks typically pay just 1–3% interest on savings, while DeFi lending protocols offer significantly higher rates. 3/ 24/7 Instant Liquidity: Need a loan or want to repay? It happens in minutes, any time of day, anywhere in the world. No paperwork. No waiting. 4/ More Types of Collateral: Crypto, NFTs, tokenized stocks, gold, silver, and more can be used as collateral. 5/ Global Rate Opportunities: Borrow where rates are lowest, lend where returns are highest. Example: Use Apple stock to borrow on Aave at 5%, or lend USDT on another protocol offering higher yields. 6/ Everyone Will Join In: Hedge funds, corporations, banks, pension funds, sovereign wealth funds, universities, endowments, insurance companies, non-profit organizations, and even governments. Everyone can join Aave is a leader in lending protocols. Now, let's understand Aave's potential with an example. What if you want to buy Apple stock and don’t live in the U.S.? 1st Step First of all, choose a broker that allows you to trade U.S. stocks and complete KYC with Proof of address. You may also need to submit tax forms (e.g., W-8BEN) for U.S. tax compliance and reduced dividend withholding. 2nd Step Fund your account with your local currency (e.g., INR, EUR) or GBP if you have a foreign account. The broker will convert your funds to USD when you buy Apple shares. Pay Fees: - Currency conversion: 0.5–2% - Brokerage fees: 0.1–0.5% Restrictions: Some countries under U.S. sanctions can't buy the US stocks. Because of tokenization, anyone can buy U.S. stocks from anywhere, without KYC or proof of address, and at low fees, which could drive greater demand for U.S. equities. If anyone wants to borrow money for a short or long period, Aave will offer loans at around 4–6%. Similarly, in TradFi, we can pledge our stocks as collateral to borrow. The best thing is that the interest rates would be the same for everyone, whether you’re from America or Burundi. Many countries charge higher interest rates to their citizens, and their stock markets are often stagnant. Thanks to tokenization, they would be able to invest in the best-performing stock markets and use their stocks as collateral for borrowing. Today, the combined market cap of the top 10 U.S. stocks is $23 trillion. If just 10% of that market cap comes on-chain in the next five years, it would amount to $2.3 trillion. If only 10% of that goes into Aave for lending, it would be $230 billion. I am not assuming any growth in these stocks, even though they are likely to grow at least 2x over the next five years. I’m pretty sure Aave will reach at least $500–700 billion in TVL by 2030.
Stani.eth
Stani.eth
Aave currently dominates 64% of the lending market share and we are still early. Great write-up on how Aave will scale to 1 trillion TVL.
Satyam Singh
Satyam Singh
Total deposits into Lending Protocols have surpassed $100 billion. It has reached ~$100.2 billion, up from $32 billion, a 3.13× increase in the last year. Aave holds $64.6 billion, representing 64% of the lending market. Over the past year, @Aave has seen 3–4x growth across all key metrics such as TVL, fees, revenue, and active loans. I believe the lending protocol has more potential than we think. Its adoption has only just started. We haven’t even reached 1% of the deposits we may see in the next 10 years. Deposits will compound in the coming years. Why Lending Protocols Will Become the World's Largest Banks 1/ Borderless Access to Capital: If you have an internet connection, you can borrow or lend — no matter where you are. 2/ Better Yields for Lenders: Banks typically pay just 1–3% interest on savings, while DeFi lending protocols offer significantly higher rates. 3/ 24/7 Instant Liquidity: Need a loan or want to repay? It happens in minutes, any time of day, anywhere in the world. No paperwork. No waiting. 4/ More Types of Collateral: Crypto, NFTs, tokenized stocks, gold, silver, and more can be used as collateral. 5/ Global Rate Opportunities: Borrow where rates are lowest, lend where returns are highest. Example: Use Apple stock to borrow on Aave at 5%, or lend USDT on another protocol offering higher yields. 6/ Everyone Will Join In: Hedge funds, corporations, banks, pension funds, sovereign wealth funds, universities, endowments, insurance companies, non-profit organizations, and even governments. Everyone can join Aave is a leader in lending protocols. Now, let's understand Aave's potential with an example. What if you want to buy Apple stock and don’t live in the U.S.? 1st Step First of all, choose a broker that allows you to trade U.S. stocks and complete KYC with Proof of address. You may also need to submit tax forms (e.g., W-8BEN) for U.S. tax compliance and reduced dividend withholding. 2nd Step Fund your account with your local currency (e.g., INR, EUR) or GBP if you have a foreign account. The broker will convert your funds to USD when you buy Apple shares. Pay Fees: - Currency conversion: 0.5–2% - Brokerage fees: 0.1–0.5% Restrictions: Some countries under U.S. sanctions can't buy the US stocks. Because of tokenization, anyone can buy U.S. stocks from anywhere, without KYC or proof of address, and at low fees, which could drive greater demand for U.S. equities. If anyone wants to borrow money for a short or long period, Aave will offer loans at around 4–6%. Similarly, in TradFi, we can pledge our stocks as collateral to borrow. The best thing is that the interest rates would be the same for everyone, whether you’re from America or Burundi. Many countries charge higher interest rates to their citizens, and their stock markets are often stagnant. Thanks to tokenization, they would be able to invest in the best-performing stock markets and use their stocks as collateral for borrowing. Today, the combined market cap of the top 10 U.S. stocks is $23 trillion. If just 10% of that market cap comes on-chain in the next five years, it would amount to $2.3 trillion. If only 10% of that goes into Aave for lending, it would be $230 billion. I am not assuming any growth in these stocks, even though they are likely to grow at least 2x over the next five years. I’m pretty sure Aave will reach at least $500–700 billion in TVL by 2030.

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Compound FAQ

Currently, one Compound is worth $46.63. For answers and insight into Compound's price action, you're in the right place. Explore the latest Compound charts and trade responsibly with OKX.
Cryptocurrencies, such as Compound, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Compound have been created as well.
Check out our Compound price prediction page to forecast future prices and determine your price targets.

Dive deeper into Compound

Compound (COMP) is a cryptocurrency that plays a significant role in shaping the future of borrowing and lending protocols within the decentralized finance (DeFi) industry.

What is Compound

Compound is a prominent DeFi protocol that utilizes its native token, COMP, as an integral part of its platform. COMP enables users to access and utilize the services offered by Compound seamlessly. One of the critical features of COMP is its governance functionality, which empowers token holders to participate in the decision-making process actively. By holding COMP tokens, users have the authority to propose and vote on modifications and improvements to the protocol, allowing them to shape its future development.

The Compound team

The Compound team comprises blockchain programmers and entrepreneurs driven by a shared vision of establishing an efficient and accessible financial system. Robert Leshner leads the team, bringing expertise in economics and finance to the table. The team has achieved remarkable milestones, securing more than $8 million in funding from prominent stakeholders. Currently, the Compound protocol manages assets valued at over $1 billion, showcasing the team's success in building a robust and trusted platform.

How does Compound work?

Compound operates as a DeFi protocol that facilitates the lending and borrowing of cryptocurrencies. Built on the Ethereum blockchain, users can engage in these activities transparently and securely. 

The platform's native token, COMP, serves dual purposes: governance and incentives. COMP holders have the power to propose and vote on changes to the protocol, shaping its future. Additionally, COMP is a reward mechanism, encouraging users to supply assets or borrow against collateral. This incentivizes participation and contributes to the platform's overall functionality.

Compound’s native token: COMP

Compound's native token, COMP, plays a crucial role in the ecosystem by serving multiple functions. With a maximum supply of 10 million, COMP operates on the Ethereum blockchain as an ERC-20 token. It is used for governance and liquidity mining rewards within the Compound platform.

COMP token holders can propose and vote on modifications to the protocol, actively participating in the decentralized governance of the platform. This empowers the community to shape the future direction of Compound.

Additionally, COMP tokens are utilized as incentives for users who engage in the liquidity mining program of the DeFi protocol. By providing liquidity to the platform, users can earn COMP tokens as rewards, further enhancing participation and liquidity within the ecosystem.

How to stake COMP

To stake COMP tokens and maximize rewards, COMP holders should purchase COMP from reputable cryptocurrency exchanges like OKX. If an account still needs to be established, registration should be completed, along with the setup of an ERC-20 wallet. 

Once these steps are taken, the COMP tokens can be sent to the chosen staking platform, such as OKX Earn, which offers a flexible staking setup. The next step involves confirming the desired amount of COMP to stake and selecting the Subscribe button to initiate the staking process.

COMP use cases

The COMP token has multiple use cases within the Compound ecosystem and the broader DeFi sector. COMP holders can participate in the Compound protocol's governance by suggesting proposals and voting on important decisions. Additionally, they can earn rewards by participating in DeFi programs or staking their COMP tokens.

Distribution of COMP

The distribution of COMP tokens is as follows:

  • 50 percent of the tokens are allocated to Compound's liquidity mining program.
  • 25 percent is reserved for the Compound team and advisors.
  • The remaining 25 percent is set aside for future needs within the Compound ecosystem.

What does the future hold for Compound

The future of Compound holds plans for platform expansion, encompassing stablecoins, fiat currencies, and additional cryptocurrencies. Geographically, Compound aims to extend its presence to promising regions like Asia and Latin America. Furthermore, the team intends to introduce new DeFi products and services, including derivatives and financial markets, and forge partnerships with other DeFi protocols.

Disclaimer

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Market cap
$440.92M #82
Circulating supply
9.44M / 10M
All-time high
$911.64
24h volume
$31.43M
3.8 / 5
COMPCOMP
USDUSD
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