Introduction to Compound (COMP) dApp in DeFi
Compound stands as the second-largest application on Ethereum, offering an open-source, autonomous protocol designed for developers. It unlocks innovative financial applications within the open finance ecosystem, fostering decentralized financial solutions.
Compound DeFi Statistics and Analysis
Key Metrics (30-Day Overview)
- COMP Price: $41.83 (stable trend).
- Market Cap: $392,804,183 (-21.86% change, indicating a loss in overall token value).
- Total Value Locked (TVL): $2,143,892,297 (0.29% decrease).
- CAP/TVL Ratio: Declined by 3.78%, signaling long-term asset potential.
These metrics provide actionable insights into COMP’s market performance and intrinsic value.
In-Depth Compound dApp Analysis
Smart Contract and Technical Performance
- Protocol: Built on Ethereum (DeFi category).
- Rankings: #6338 overall dApp, #82 in DeFi.
30-Day Data:
- Balance: $0.
- Transaction Volume: Stable at $0 (0% change).
- User Base: 0 (0% growth).
👉 Explore Compound’s real-time analytics
FAQ Section
1. How does Compound compare to other DeFi dApps?
Compound ranks #82 in DeFi by user activity. Compare metrics like TVL, transaction volume, and CAP/TVL ratio to assess its competitiveness.
2. What drives Compound’s transaction volume?
Demand for COMP tokens and DeFi utility. Past 24-hour volume: $0 (0% change).
3. Why choose DeFi dApps like Compound?
DeFi eliminates intermediaries via blockchain, ensuring transparency and resilience. Top DeFi projects include Uniswap and Chainlink.
4. What are the benefits of dApps?
- Decentralization: No single entity controls the network.
- Transparency: Open-source smart contracts and public data.
Conclusion
Compound remains a pivotal player in Ethereum’s DeFi landscape, though recent metrics suggest cautious optimism. Analyze trends like TVL and market cap to gauge its future potential.
For real-time updates, leverage portfolio trackers to monitor COMP alongside other dApps.
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