Compound
Market Open
9 Jun, 18:38
$
18. 39
+0.2
+1.0995%
$
72,415 Volume
$ 18.19
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COMPUSD Overview
COMPUSD denotes the market price of Compound (COMP) quoted in US dollars, indicating how much one COMP token is worth in USD at a given moment.
Compound (COMP) is an ERC-20 governance token launched in June 2020 by Compound Labs for the Compound protocol, a decentralized finance (DeFi) lending and borrowing platform on Ethereum. The token facilitates decentralized governance of protocol parameters, was distributed to users as an incentive, and has a fixed total supply of 10,000,000 COMP tokens subject to the project’s distribution schedule.
The exchange rate for COMPUSD is formed by supply and demand across centralized and decentralized venues, including order books, liquidity pools and over-the-counter trades. Market sentiment, on-chain metrics such as lending volumes and protocol usage, broader cryptocurrency trends, macroeconomic factors like interest rates and dollar strength, and regulatory developments all influence price discovery.
COMPUSD is used by traders and investors to gain exposure to the governance token and to implement strategies such as trading, hedging, liquidity provision and arbitrage. It also serves as a barometer of activity in the Compound protocol and, more broadly, the DeFi sector.
As with other digital assets, COMP can exhibit significant volatility and liquidity varies by exchange, so execution costs and risk management are important considerations.
Compound (COMP) is an ERC-20 governance token launched in June 2020 by Compound Labs for the Compound protocol, a decentralized finance (DeFi) lending and borrowing platform on Ethereum. The token facilitates decentralized governance of protocol parameters, was distributed to users as an incentive, and has a fixed total supply of 10,000,000 COMP tokens subject to the project’s distribution schedule.
The exchange rate for COMPUSD is formed by supply and demand across centralized and decentralized venues, including order books, liquidity pools and over-the-counter trades. Market sentiment, on-chain metrics such as lending volumes and protocol usage, broader cryptocurrency trends, macroeconomic factors like interest rates and dollar strength, and regulatory developments all influence price discovery.
COMPUSD is used by traders and investors to gain exposure to the governance token and to implement strategies such as trading, hedging, liquidity provision and arbitrage. It also serves as a barometer of activity in the Compound protocol and, more broadly, the DeFi sector.
As with other digital assets, COMP can exhibit significant volatility and liquidity varies by exchange, so execution costs and risk management are important considerations.
COMPUSD Chart
Compass (COMP) Stock Plummets 12% Amid New York Antitrust Investigation Reports
Shares of Compass finished Wednesday's trading session at $7.61, marking an 11.8% decline, following a report from The Real Deal suggesting New York's Attorney General's Office is examining the company for potential antitrust violations.
Blockonomi | 5 days ago
How Compound Governance Triggered a $30M Recovery From the KelpDAO Exploit
Compound governance used an oracle fix to liquidate stolen rsETH and recover $30M funds
Blockonomi | 3 weeks ago
Compass (COMP) Shares Soar 30% on Unexpected Q1 Earnings Beat
Shares of Compass (COMP) skyrocketed approximately 30% during premarket hours to $9.41 following the real estate firm's unexpected first-quarter profitability announcement.
Blockonomi | 1 month ago
COMPUSD FAQ
What is the current Compound price?
The current price is $18.390000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.2 (+1.0995%), showing how much the asset has moved compared to the previous close.
What is the previous close for Compound?
The previous close was $18.190000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+1.0995%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($17.500000) and highest ($18.400000) prices traded during the selected period, helping assess volatility.
Why is Compound (COMP) moving today?
Price movements in Compound are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($18.390000) is above the previous close ($18.190000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Compound?
You can view real-time charts, price updates, and market data for Compound (COMP) directly on this page.
