Hey folks,
A new short post to inform you that Compound Governance Token (COMP) reached new high-time level in less than 3 days after it public release to all Protocol Users.
After falling to almost 60 USD yesterday, COMP reached on this 19th June 170 USD and still maintain at 165 USD.
With this development, COMP became a top 30 Capitalization market with 431 276 038 $US and a daily volume up to 8 015 376 $US. It also the best DeFi app application in market capitalization, ahead Maker (MKR).
To remember, COMP is an Ethereum token that governs the Compound protocol. The protocol allows anyone to supply or borrow Ethereum tokens through a decentralized market. Suppliers earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.
Since distribution begun, Crypto locked in the COMPOUND Protocol reached a new high-time level : almost on half billion USD.
It's quite a rapid growth and need to be confirmed in a near future, but I am also quite confident in the strenght and the team behind COMPOUND.
COMP is available on numerous exchange like Uniswap, Poloniex or IDEX. Coinbase Pro and Coinbase also announced they will support COMP in a near future.