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Compound (COMP)

Compound (COMP)

The price of Compound is $62.29, a +6.99% change over the last 7 days. Learn more about Compound’s price history, how it works, and how to invest.

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Updated: Mar 21, 2023
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Overview
Markets
Historical Data
Price Statistics
Compound price today
24h Change $3.84
24h Low $54.52
24h High $59.06
Market Cap $513.80M
Trading Volume (24h) $52.48M
Market Dominance 0%
Market Rank #135
Circulating Supply 8.25M
Max Supply 10M

Compound markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
WhiteBIT WhiteBIT
COMP/USDT $52.85 $579.76 $50,658.37 276,316 Recently
2
Hotcoin Hotcoin
COMP/USDT $52.82 $151,892.51 $171,905.86 313,583 Recently
3
DigiFinex DigiFinex
COMP/USDT $52.89 $39,780.35 $40,250.51 363,732 Recently
4
CoinW CoinW
COMP/USDT $52.96 $54,870.57 $55,626.86 274,857 Recently
5
Biconomy Exchange Biconomy Exchange
COMP/USDT $52.88 $62,876.01 $64,889.35 397,083 Recently
6
Currency.com Currency.com
COMP/USD $52.79 $79,338.28 $79,391.18 0 Recently
7
Poloniex Poloniex
COMP/USDT $53.17 - - 214 Recently
8
BitVenus BitVenus
COMP/USDT $52.88 $154,159.31 $148,112.20 801,117 Recently
9
P2B P2B
COMP/USDT $52.91 $326,294.09 $390,275.55 1,904,681 Recently
10
Currency.com Currency.com
COMP/USDT $52.83 $79,338.28 $79,444.07 0 Recently
1
BlueBit BlueBit
COMP/USDT $52.83 - - 103,743,398 Recently
2
BTCC BTCC
COMP/USDT $65.02 - - 4,632,551 Recently
3
Zedxion Exchange Zedxion Exchange
COMP/USDT $52.81 - - 5,812,750 Recently
4
StormGain StormGain
COMP/USDT $53.94 - - 150 Recently
5
BYDFi BYDFi
COMP/USDT $52.82 - - 172,419 Recently
6
Coincall Coincall
COMP/USD $52.86 - - 21,922 Recently
7
Bitunix Bitunix
COMP/USDT $52.83 - - 2,650,203 Recently
8
Zedcex Exchange Zedcex Exchange
COMP/USDT $52.90 - - 121,629,797 Recently
9
BIKA BIKA
COMP/USDT $52.82 - - 2,599,502,781 Recently
10
CoinCatch CoinCatch
COMP/USDT $52.84 - - 382,401 Recently
No data found
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About Compound

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Resources

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What is the Compound price today?

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The COMP price is currently $62.29. The price of Compound is +0.04% over the last 30 days. You can use the live Compound chart to track the COMP/USD price in real time above, or compare the Compound value today to its past performance using the Compound price history tab at the top of this page.

What is the total supply of COMP?

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The circulating supply is 8,248,283.41 COMP, out of a total maximum supply of 10,000,000.00 COMP.

What is the price prediction for Compound?

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The average Compound price prediction values the coin at $30 by the end of 2023. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Compound?

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Compound is software that lets you borrow and lend cryptocurrency. Anyone can take out a loan or deposit coins and start earning interest instantly, without needing the approval of a financial institution. 

It uses the COMP token as an incentive to reward those who provide liquidity or pay off their loans on time.

How does Compound work?

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Compound works by calculating interest rates based on supply and demand. These interest rates are an incentive: the less of a particular coin there is staked on the platform, the higher the interest rate on offer for depositing yours.

The principle works in reverse, as borrowing a coin with plenty of supply is cheaper.

How is the Compound network secured?

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Compound operates on the Ethereum blockchain. It is secured by the blockchain’s proof of work consensus mechanism. This means that other users on the network, known as nodes, verify and secure all transactions.

The algorithm requires nodes on the network to solve complex mathematical problems to validate new transactions and add them to the blockchain. Once a block of transactions has been verified, it is added to the previous block via a chain, forming a blockchain.

What is Compound used for?

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Compound is a key player in the growing world of decentralised finance. It has multiple uses, including loans without things like credit checks and a place to earn interest on crypto assets. Since 2018 it has raised over $30m in a series of funding rounds and the Coinbase exchange is a notable early backer.

Why does COMP have value?

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The Compound platform allows you to borrow and earn using cryptocurrency. When you deposit coins to earn interest, you are returned tokens that correspond to its value, which you can then loan, deposit, or stake elsewhere while still earning interest. You also have to post collateral (in the form of another cryptocurrency) to be able to borrow.

Who created Compound?

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Robert Leshner and Geoffrey Hayes founded Compound in 2017. Leshner and Hayes previously worked at online food delivery service, Postmates. Leshner is Compounds’ current CEO, while Hayes is its CTO.

Where can I buy Compound?

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You can buy Compound on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited.

Are there any other ways to invest in Compound?

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The simplest way to invest in Compound is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF. These are financial instruments that give you exposure to a group of leading cryptocurrencies more suited to high net worth individuals.

Are there any Compound alternatives?

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There are several platforms around that offer a similar service to Compound and below you can find a selection of a few alternatives.

  • Crypto.com. You can stake 100+ cryptocurrencies on Crypto.com
  • Binance. There are 300+ cryptocurrencies available to stake on Binance.
  • Nexo. Nexo is a popular crypto lending and borrowing platform.

More crypto guides

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Is Compound safe?
Has Compound been hacked?
James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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Latest Compound news

Compound’s COMP token rises as futures open interest jumps
July 26, 2023
Compound pauses use of four tokens as collateral
October 25, 2022
Compound (COMP) targets $250 as it gains over 10% in 24 hours
December 18, 2021
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Compound (COMP) welcomes multi-chain future with testnet
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