Nick Chong · 2 days ago · 2 min read
Market Cap $450,343,119
24 Volume $58,960,699
Circulating Supply 2,561,279 COMP
Total Supply 10,000,000 COMP
Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.
By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance.