Compound Price

(COMP)
USD($)
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Compound Live Price Data

The live price of Compound is $93.5, with a total trading volume of $ 641,241 in the last 24 hours. The price of Compound changed by +1.68% in the past day, and its USD value has increased by +39.12% over the last week. With a circulating supply of 8,084,417 COMP, the market cap of Compound is currently 678.17M USD, marking a --% increase today. Compound currently ranks #86 in market cap.
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Note: This data is for reference only.
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Compound(COMP) Profile

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Contract
Ethereum 0xc00e94...888BNB Smart Chain (BEP20) 0x52ce07...7e8Avalanche C-Chain 0xc3048E...437Solana AwEauVaT...Fom
Audited By
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Code & Community
Investors
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$89.61
$95.72
$911.19
-1.25%
+1.68%
+39.12%
$678.17M 
$641,241 
8,084,417
10,000,000

About COMP

How can I buy Compound (COMP)?

Buying COMP on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Compound (COMP) for more information.

What Is Compound (COMP) Crypto?

Compound is an EVM-compatible decentralized finance (DeFi) lending protocol where users can earn interest by depositing their cryptocurrency holdings into various pools on the platform. COMP is the governance token of the Compound protocol. It empowers token holders to delegate their holdings, submit proposals, and vote on other users’ proposals to implement upgrades to the platform.

The Compound dApp works on the Ethereum blockchain and allows users to lend their cryptocurrencies to liquidity pools and generate interest. Users who deposit a specific, supported cryptocurrency into a lending pool receive a cToken representing the deposit.

These cTokens can be used for trading or conducting transactions without the need to lock up liquidity. However, they can only be redeemed for the cryptocurrency they locked in Compound.

COMP is an ERC-20 token designed on the Ethereum network and functions as the native cryptocurrency and governance token of the Compound ecosystem. All users interacting with the Compound protocol through lending or borrowing receive COMP tokens as incentives.

How Does Compound Work?

Compound is a decentralized protocol that establishes money markets - pools of cryptocurrencies with algorithmically derived interest rates that fluctuate based on the supply and demand for each asset. Unlike conventional financial platforms, Compound users do not have to deal with any intermediaries. There is complete transparency in how the floating interest rate gets set for lenders and borrowers, depending on the activity level.

Each of the supported crypto assets that the Compound protocol has liquidity pools for offering a transparent and verifiable ledger to the public. Users can access this information to review historical data about all pool transactions and interest rates.

Compound works differently from a peer-to-peer platform as it aggregates the supply of each user, converting all supplied digital assets into fungible resources. In this manner, the platform provides more liquidity in the market than direct lending protocols offer.

This mechanism also allows users to pull liquidity out of the pools and withdraw their assets at any time instead of locking them up for specific periods. The cTokens provided to lenders within the Compound protocol represent the token supplied, which keeps growing as it accrues interest.

History of Compound and COMP Token

Compound launched on the Ethereum mainnet in September 2018. The protocol was founded by entrepreneurs Robert Leshner and Geoffrey Hayes.

Their project raised $8.2 million worth of funding in 2018. Early investors in the DeFi protocol include Andreessen Horowitz and Bain Capital Ventures.

In 2019, the platform raised an additional $25 million in funding from early investors and Paradigm Capital. In May 2019, Compound v2 was announced, offering several new features, such as support for additional assets, individual risk models for each supported asset, and a smart contract gateway.

In October 2019, the team of developers reduced their administrative privileges and started the process of decentralized ownership and management of the protocol. In April 2020, COMP token holders were given the right to handle the decentralized governance of the Compound protocol.

The initial set of COMP holders comprised shareholders of Compound Labs, Inc. In June 2020, the distribution of COMP tokens among Compound users began. The process would continue for a period of four years.

Compound (COMP) Price Movements ($)
PeriodChangeChange (%)
Today$1.491.62%
7 Days$26.2939.12%
30 Days$39.4172.86%
3 Months$34.5458.58%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Compound Conversion Rate
  • 1 COMP to USD$93.5
  • 1 COMP to EUR€86.26
  • 1 COMP to AUD$143.31
  • 1 COMP to KRW₩124,544.47
  • 1 COMP to JPY¥14,039.09
  • 1 COMP to GBP£73.88
  • 1 COMP to INR₨7,746.92
  • 1 COMP to IDRRp1,470,289.44
  • 1 COMP to CAD$126.79
  • 1 COMP to RUB₽8,535.46

FAQ

How much is 1 Compound (COMP) worth?
KuCoin provides real-time USD price updates for Compound (COMP). Compound price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time COMP to USD exchange rates.
Is Compound (COMP) a Good Investment?

COMP is an interesting crypto asset to include in your portfolio if you believe in the potential of decentralized finance and wish to diversify into this sector of the crypto market. The growth and maturing of the DeFi market could drive up the value of COMP token, the governance token of one of the leading DeFi protocols in the market.

In addition to a positive outlook towards DeFi, the COMP price could also strengthen amid a bullish mood in the crypto market. This could drive higher buying activity across the board and encourage investors to take more risks with their crypto holdings, which are suitable for the Compound protocol in general and the COMP crypto price in particular.

The Compound price also stands to gain as the protocol announces more upgrades, integrations, and investments in the future. Such developments spur investor confidence in the project and make its token worth investing in and holding.

What is the Compound Crypto Price Prediction?

While it is not possible to offer an accurate COMP price prediction over any duration, we recommend monitoring the following fundamental factors to gain a better insight into COMP price statistics:

Level of On-chain Activity on Compound

As more users sign up to lend and borrow cryptocurrencies through Compound, the higher on-chain activity could drive up the value of COMP crypto. This also increases as the Compound protocol adds support for more crypto assets or expands to new blockchain networks in the future.

Investor Outlook

A positive outlook towards decentralized finance services fosters lending and borrowing activity on Compound, supporting the COMP price. On the other hand, adverse developments in the market could keep DeFi users away, reducing the liquidity on Compound, and driving down the demand for the COMP token. This, in turn, could weaken the value of Compound cryptocurrency.

Market Sentiment

Regarding digital assets, market sentiment is significant in determining price trends. The COMP price, too, could head higher amid investors’ bullish or risk-on mood. On the other hand, a bearish or risk-off sentiment could cause sell-offs in the crypto market that could lower the Compound price.

What is COMP Token Used For?

COMP is the native cryptocurrency of the Compound ecosystem. It serves the following functions:

Governance Token

As a $COMP holder, you can participate in the decentralized governance mechanism of the Compound protocol. You can debate, submit proposals, and vote on other proposals that decide how Compound evolves and functions in the future. You can also delegate your COMP tokens to other voters and participate indirectly in Compound’s governance.

Crypto Asset to Trade and HODL

Trade Compound token against other crypto assets to profit from changing market conditions and volatility. You can buy or sell COMP against other digital assets or hold it long-term if you believe in the future potential of Compound protocol. Review the live price of Compound cryptocurrency, COMP market cap, circulating supply, 24-hour trading volume, and the latest crypto news before trading COMP in the market.

Earn Passive Income on KuCoin

KuCoin lets you earn passive income on your COMP holdings and grow your crypto portfolio conveniently. Head to the KuCoin Crypto Lending section to lend liquidity in COMP to our platform. Earn attractive daily interest over seven days, 14 days, or 28 days, and grow your COMP holdings risk-free and safe.

How to Stake COMP Crypto

While the Compound protocol doesn’t support COMP staking, several platforms let you stake COMP and grow your holdings. You can, however, lend or supply COMP on Compound and grow your holdings. Here’s how:

1. Connect your non-custodial crypto wallet to the Compound app. Ensure that you have sufficient COMP tokens to supply by buying Compound crypto on KuCoin or other supported platforms and withdrawing your tokens to your wallet.

2. On the homepage of the Compound app, select the Compound Governance Token (COMP) from the list in the Supply Markets section.

3. Check the latest Supply APYs on offer and click on Enable.

4. Enter the number of COMP tokens you wish to supply to Compound and confirm the transaction from your wallet.

5. Sit back, earn interest, and grow your COMP holdings in this manner using Compound.

How to Make Money With Compound

Compound is a decentralized lending and borrowing platform that lets you earn interest by supplying supported crypto assets. You can make money by supplying or lending liquidity to the pools of supported cryptocurrencies.

As of January 2023, you can lend/supply AAVE, COMP, DAI, ETH, LINK, SUSHI, TUSD, UNI, USDC, USDP, USDT, and WBTC on the Compound platform. Review the APYs on offer and select the crypto that offers the best returns.

Enable the Supply function after ensuring you have sufficient funds in your wallet to cover the transaction and associated gas fees. Sit back and earn interest based on the APYs to make money using Compound’s DeFi services.

What is the all-time high price of Compound (COMP)?
The all-time high price of Compound (COMP) is $911.19. The current price of COMP is down 0.90% from its all-time high.
What is the all-time low price of Compound (COMP)?
The all-time low price of Compound (COMP) is $25.54. The current price of COMP is up 2.66% from its all-time low.
How much Compound (COMP) is there in circulation?
As of 3 2, 2024, there is currently 8,084,417 COMP in circulation. COMP has a maximum supply of 10,000,000.
What is the market cap of Compound (COMP)?
The current market cap of COMP is $678.17M. It is calculated by multiplying the current supply of COMP by its real-time market price of $678.17M.
How do I store Compound (COMP)?
You can securely store your Compound in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your COMP include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Polygon (MATIC) to cash?
You can instantly exchange your Polygon (MATIC) for cash using KuCoin's Fast Trade feature. This feature enables you to convert MATIC to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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