Express

DeFi Lending Protocol Compound Saw Its Total Supply Hits $10 Billion

Summary: According to the data from the official website, there is $10 Billion supplied to the Compound protocol, earning interest. The top three tokens in terms of supply are ETH, DAI, and WBTC,  Compound governance tokens rank eighth. Leshner, the founder of the popular DeFi lending protocol, celebrates the milestone on Twitter, he said: "When we first built ...

According to the data from the official website, there is $10 Billion supplied to the Compound protocol, earning interest. The top three tokens in terms of supply are ETH, DAI, and WBTC,  Compound governance tokens rank eighth.

Leshner, the founder of the popular DeFi lending protocol, celebrates the milestone on Twitter, he said: "When we first built Compound, this number was a fantasy; DeFi was not a term, and the idea of a smart contract autonomously managing assets was almost absurd."

Last Update:

Tags: ,
Link: DeFi Lending Protocol Compound Saw Its Total Supply Hits $10 Billion   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago

    • You need to login to comment.