Current Compound (COMP) Market Overview
The live price of Compound (COMP) stands at $42.01**, with a 24-hour trading volume of **$295,801. Over the past week, COMP has experienced an 8.73% decrease in value. With a circulating supply of 9,391,338 COMP, its market capitalization is $392.82 million, ranking it #88 among cryptocurrencies.
Key Metrics:
- 24h Price Change: -5.78%
- 7d Price Change: -8.73%
- All-Time High: $911.19 (95.39% below current price)
- All-Time Low: $25.54 (64.44% above current price)
- Max Supply: 10,000,000 COMP
👉 Track real-time COMP price movements
Why Invest in Compound (COMP)?
1. Governance Participation
COMP holders actively shape the protocol's future through voting on proposals like interest rate adjustments or new asset integrations.
2. DeFi Sector Growth
As a foundational DeFi protocol, COMP offers exposure to innovations in decentralized finance:
- Liquidity mining incentives
- Dynamic interest rate models
- Cross-platform composability
3. Earning Opportunities
- Lending rewards: Earn interest by supplying assets
- COMP distributions: Receive tokens for borrowing/lending activities
- Governance incentives: Proposals that enhance protocol value
COMP Price Influencers
| Factor | Impact on Price |
|---|---|
| DeFi adoption | Increased usage → Higher COMP demand |
| Governance activity | Positive upgrades → Price appreciation |
| Market sentiment | Crypto bull runs → COMP price surges |
Historical Performance Table
| Period | Price Change | Change (%) |
|---|---|---|
| 24 Hours | -$2.59 | -5.79% |
| 7 Days | -$3.94 | -8.56% |
| 30 Days | -$5.09 | -10.79% |
| 90 Days | +$0.55 | +1.33% |
How to Earn with COMP
1. Lending Assets
Supply cryptocurrencies to Compound to:
- Earn interest via cTokens
- Qualify for COMP distributions
2. Staking for Governance
Delegate COMP tokens to:
- Vote on protocol upgrades
- Propose new features (minimum 1% of total supply required)
3. Advanced Strategies
👉 Explore yield optimization techniques
FAQ: Compound (COMP) Essentials
Q: Is COMP a good long-term investment?
A: COMP's value ties closely to DeFi adoption. Its governance utility and earning mechanisms provide fundamental value beyond pure speculation.
Q: How does Compound's interest model work?
A: Rates adjust algorithmically based on asset supply/demand. Lenders earn higher yields when borrowing demand increases.
Q: What wallets support COMP storage?
A: COMP is ERC-20 compatible. Recommended options include:
- MetaMask (self-custody)
- Ledger Nano X (hardware)
- KuCoin custodial wallet (exchange-based)
Q: Can I convert COMP to fiat directly?
A: Yes, through P2P platforms or crypto-fiat gateways supporting COMP trading pairs.
Q: What's COMP's inflation rate?
A: Current emission is ~0.50 COMP/block (about 2,880 COMP daily), with distribution decreasing over time.
Final Thoughts
While COMP's price has declined from its ATH, its role in DeFi governance and innovative lending models maintain long-term potential. Investors should:
- Monitor DeFi sector growth
- Participate actively in governance
- Diversify across lending/borrowing strategies