Compound
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Compound in numbers
Compound (COMP) ranks #123 by market capitalization, at $240.09M. It belongs to the DeFi sector (Decentralized Lending). It has traded since Jun 15, 2020, across 338 markets on 54 exchanges, with $22.50M of volume in the last 24 hours. Its all-time high of $905.04 was reached on May 12, 2021; the current price is 97.8% below that peak. Its cycle low of $14.83 came on Jun 25, 2026.
100.0% of the maximum supply of 10.00M COMP is in circulation. 8 investors are recorded as backers, including Coinbase Ventures, Polychain Capital, Andreessen Horowitz. Development data lists 15 core developers and 16,130 code commits. On Ethereum, 219,792 addresses hold COMP. It is available on 9 networks.
About Compound
Compound Finance is a decentralized money market and lending protocol built on Ethereum. Its Compound III (Comet) protocol enables users to borrow or lend from single-collateral pools of “base assets.” Compound III supports base assets (e.g., USDC, WETH, etc.) on Ethereum, Polygon, Base, and Arbitrum. Compound III has dynamically adjusted interest rates, which are algorithmically determined based on the supply and demand dynamics within the market.
Background
Compound Finance was founded in 2017 by Robert Leshner and Geoffrey Hayes to create a decentralized protocol for algorithmic money markets on Ethereum. The project launched on mainnet on Sept. 27, 2018, later upgrading to its Compound v2 in May 2019. The upgrade introduced additional assets, individual risk models, and smart contract gateways for each asset, among other features. Compound’s initial version, Compound v1, was deprecated in June 2019.
The ERC-20 COMP token was deployed on Ethereum in March 2020, and the project transitioned to community governance in June 2020 following the token’s launch.
Compound III went live on mainnet in August 2022 following a successful COMP Governance proposal. The deployment enabled borrowing of USDC using ETH, WBTC, LINK, UNI, and COMP as collateral.
Additional deployments are detailed below:
Compound v2, has completed its ninth Phase towards its deprecation. Based on a commercially reasonable search, no verifiable information on the total planned number of phases could be found.