Compound (COMP)
Compound is a decentralized creating a safe positive-yield approach to storing assets. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Each money market is unique to an Ethereum asset, and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.
1. COMP Basic Info
| Symbol | COMP |
| Name | Compound |
| Web Site | https://compound.finance/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://etherscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 10000000 |
| Available Supply | 8896920 |
| Market Cap | 376695592.8 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 10000000 |
| Release Date | 2020-06-16 |
2. COMP Technical Info
2.1 COMP Kline Chart Price
2.2 COMP Technical Analysis
The market will likely experience a period of consolidation in the short term. A minor upward correction is anticipated, potentially reaching a resistance level around 43.50. Following this, the price may experience a period of decline, possibly testing the support around 41.00. There is a possibility of a further drop to 40.00, a key support level, if the bearish momentum continues. Overall, the short-term trend is expected to be bearish with moderate volatility. Investors should watch for potential breakout signals and consider risk management strategies.
3. COMP News Info
3.1 COMP News List
- 20250309
Data: A whale’s 5472.8 ETH on Compound is on the verge of being liquidated, equivalent to about 11.92 million US dollars
A whale is about to liquidate 5,472.8 ETH on Compound at a price of $1,863 📉
3.2 COMP News Analysis
The imminent liquidation of a substantial ETH position on Compound signals heightened market volatility. The specific event, representing millions in potential sell-offs, could trigger cascading liquidations across the decentralized finance landscape. This action acts as a cautionary tale, suggesting a bearish short-term outlook for ETH s price and a potential decline in broader market sentiment. Increased risk aversion and amplified downward pressure on cryptocurrency valuations seem likely. Investors should brace for price swings and consider risk management strategies. DeFi protocols, particularly those with high collateralization ratios, may experience heightened stress tests.
