Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Compound is managed by a decentralized community of COMP token-holders and their delegates, who propose and vote on upgrades to the protocol.
The majority of cryptocurrencies sit idle on exchanges and in wallets, without yielding interest. We're on a mission to change that.
Like most Decentralized Finance (DeFi) protocols, Compound is a system of openly accessible smart contracts built on Ethereum. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time.
Built on top of that principle is cTokens, Compound's native token that allows users to earn interest on their money while also being able to transfer, trade, and use that money in other applications.
* Forex Rating accepts no liability for any errors in the Compound Price or COMP Information. For the most recent information please visit the Compound official site.
# | Cryptocurrency | 7 days | |
1 | Bitcoin | 5.77% | |
---|---|---|---|
2 | Ethereum | 0.96% | |
3 | Tether USDt | 0.01% | |
4 | BNB | 6.56% | |
5 | Solana | 3.8% | |
6 | XRP | -2.65% | |
7 | USDC | 0% | |
8 | Dogecoin | 36.62% | |
9 | Cardano | 1.15% | |
10 | Avalanche | -3.17% | |
11 | Shiba Inu | 11.14% | |
12 | Toncoin | 14.56% | |
13 | Polkadot | 3.06% | |
14 | Bitcoin Cash | 37.82% | |
15 | Chainlink | 3.1% | |
16 | Wrapped Bitcoin | 6.32% | |
17 | TRON | -0.87% | |
18 | Wrapped TRON | -0.66% | |
19 | Lido stETH | -3.32% | |
20 | Polygon | -1.56% |
# | Broker | Cryptos | |
1 | HFM | ||
---|---|---|---|
2 | Octa | ||
3 | FXCC | ||
4 | FxPro | ||
5 | Vantage | ||
6 | MultiBank Group | ||
7 | Errante | ||
8 | Efixxen | ||
9 | Exness | ||
10 | Just2Trade | ||
11 | FXTM | ||
12 | Dukascopy | ||
13 | easyMarkets | ||
14 | eToro | ||
15 | Forex4you |
Buying on dips remains the dominant tactic in the crypto market. Capitalisation rose 1.8% in seven days to $1.65 trillion. Previously, the 'what doesn't rise, falls' formula was often applied to cryptocurrencies, however, recent attempts to sell off after a period of stabilisation have been met with increased buying.
5 Feb 2024
Crypto market capitalization at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility.
29 Jan 2024
Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200...
26 Jan 2024
The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves...
25 Jan 2024
Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite...
24 Jan 2024
The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday...
23 Jan 2024
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