Old #Defi run coming back?
Big whales getting ready!
Attention fams.
A brand-new wallet has been loading up heavy
– $57.8M in $UNI
– $12.1M in $COMP
All offloaded from #Binance over just 10 days
Whale?
Fund?
Insider?
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Thomas (Tom) Lee (not drummer) FSInsight.com
Congrats @TheCompoundNews !!!
The Compound
EPISODE 200!!! Thank You Compound Nation💙🎙️💸
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sealaunch.xyz
A clear way to understand onchain liquidity flows is by analyzing the top holders of major tokens.
For WBTC on Ethereum, Aave protocol leads holding 32% of the total supply, driven by users depositing WBTC as collateral to borrow other assets (net of borrowed WBTC).
It’s the primary DeFi destination for wrapped Bitcoin assets on Ethereum.
Other major holders are linked to bridges, other lending protocols and DEXs like Uniswap, Curve and Flow.
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Avocado Crypto Trading
Buy back $COMP tour 2
The first pump tour was too fast at 10%, calculated in minutes, now it has returned to a nice backtest zone, the defi assets are recovering, likely to pull $COMP along.
👉 Entry: 52.8
👉 Stl 50.4
This is a personal opinion, not investment advice.
#comp
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看不懂的sol
A picture tells you when the copycat season will break out! What trading opportunities do retail investors have?
What is a copycat season, my understanding is simple
1. First break through the price high in March last year.
2. Break through the 21-year record high.
3. ETH breaks through 4800
4. SOL breaks through 300
Otherwise, there would be no real copycat season.
Capital inflows into BTC ➩ BTC dominance increased ➩ altcoins were drawn blood ➩ altcoins fell
Capital outflows from BTC ➩ BTC dominance declines ➩ altcoins absorb reserves ➩ skyrocket
🤖 This may be an opportunity, how to choose the target?
-As long as the project is still in operation, the codebase and social media updates are not interrupted, TG, discord and administrators, and there is a high probability that some institutions have already intervened to achieve control.
-Profit and loss are suitable, when the time comes, 7 days or even a day can pull out three or five times for you, and within a month, you can accumulate the momentum of three or four years of shock, and erupt into place for you at one time. The outbreak of the altcoin season can complete the 2-year bull market process of Bitcoin in 7 days.
🤖 From an emotional point of view, it is still a bear market mood.
Now the only wish in the hearts of each group of friends is to be able to recover their money. Although the price of Bitcoin continues to hit new highs, the assets in the wallets of the group members are shrinking.
When you are really at the end of a bull market, you have already lost your mind. Not only did they put all their savings into the market, but they even went around looking for relatives and friends to borrow money, borrow studs, and pour in desperately. People who buy Bitcoin will envy those who buy altcoins, and in that frenzied atmosphere, as soon as they sell their coins, they will immediately go short and never have the opportunity to buy them back at the selling price. The dealer will use all kinds of news and various means to create this atmosphere, and obviously it is not in the state of the end of the cow at present.
🤖 How to judge the copycat season, 4 indicators you must know
1️⃣ Altifier index
Tracking whether market sentiment points to Bitcoin or altcoins, if 75% of the top 50 altcoins have outperformed Bitcoin in the last 90 days, it's altcoin season, otherwise it's bit season.
🔗
2️⃣BTC dominance rate (market capitalization ratio)
Capital inflows into BTC ➩ BTC dominance increased ➩ altcoins were drawn blood ➩ altcoins fell
Capital outflows from BTC ➩ BTC dominance declines ➩ altcoins absorb reserves ➩ skyrocket
🔗
3️⃣TOTAL 2
TOTAL2 represents the total market capitalization of the top 125 altcoins excluding BTC, which can be seen as a case of capital inflows into altcoins.
🔗
4️⃣ETH/BTC exchange rate
From the perspective of the market cycle, the flow of funds is generally as follows:
BTC - ETH/SOL - mainstream altits - sub-mainstream altcoins - memes
BTC is faith, Ethereum is the leader, and the strength of Ethereum is the premise of altcoin rampage
The bull market is most afraid of: greed, fear, blindness, conformity, following the crowd, chasing the rise and fall, because it is a place where a few people make money.
This round of copycat season only belongs to some high-quality representatives, and it will not break out as fully as in 21 years, and it is recommended that you choose the top 50 by market capitalization.
If you are afraid of missing out on the copycat season, then the only thing you can do is to find a cost-effective entry point and set a stop loss.
So what other trading opportunities 👇👇 do we have?
#BTCUSD #ETH
The current price of Compound is $51.3100. Over the last 24 hours, Compound has increased by +3.41%. It currently has a circulating supply of 9,392,048 COMP and a maximum supply of 10,000,000 COMP, giving it a fully diluted market cap of $483.41M. At present, Compound holds the 44 position in market cap rankings. The Compound/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Compound (COMP) is a cryptocurrency that plays a significant role in shaping the future of borrowing and lending protocols within the decentralized finance (DeFi) industry.
What is Compound
Compound is a prominent DeFi protocol that utilizes its native token, COMP, as an integral part of its platform. COMP enables users to access and utilize the services offered by Compound seamlessly. One of the critical features of COMP is its governance functionality, which empowers token holders to participate in the decision-making process actively. By holding COMP tokens, users have the authority to propose and vote on modifications and improvements to the protocol, allowing them to shape its future development.
The Compound team
The Compound team comprises blockchain programmers and entrepreneurs driven by a shared vision of establishing an efficient and accessible financial system. Robert Leshner leads the team, bringing expertise in economics and finance to the table. The team has achieved remarkable milestones, securing more than $8 million in funding from prominent stakeholders. Currently, the Compound protocol manages assets valued at over $1 billion, showcasing the team's success in building a robust and trusted platform.
How does Compound work?
Compound operates as a DeFi protocol that facilitates the lending and borrowing of cryptocurrencies. Built on the Ethereum blockchain, users can engage in these activities transparently and securely.
The platform's native token, COMP, serves dual purposes: governance and incentives. COMP holders have the power to propose and vote on changes to the protocol, shaping its future. Additionally, COMP is a reward mechanism, encouraging users to supply assets or borrow against collateral. This incentivizes participation and contributes to the platform's overall functionality.
Compound’s native token: COMP
Compound's native token, COMP, plays a crucial role in the ecosystem by serving multiple functions. With a maximum supply of 10 million, COMP operates on the Ethereum blockchain as an ERC-20 token. It is used for governance and liquidity mining rewards within the Compound platform.
COMP token holders can propose and vote on modifications to the protocol, actively participating in the decentralized governance of the platform. This empowers the community to shape the future direction of Compound.
Additionally, COMP tokens are utilized as incentives for users who engage in the liquidity mining program of the DeFi protocol. By providing liquidity to the platform, users can earn COMP tokens as rewards, further enhancing participation and liquidity within the ecosystem.
How to stake COMP
To stake COMP tokens and maximize rewards, COMP holders should purchase COMP from reputable cryptocurrency exchanges like OKX. If an account still needs to be established, registration should be completed, along with the setup of an ERC-20 wallet.
Once these steps are taken, the COMP tokens can be sent to the chosen staking platform, such as OKX Earn, which offers a flexible staking setup. The next step involves confirming the desired amount of COMP to stake and selecting the Subscribe button to initiate the staking process.
COMP use cases
The COMP token has multiple use cases within the Compound ecosystem and the broader DeFi sector. COMP holders can participate in the Compound protocol's governance by suggesting proposals and voting on important decisions. Additionally, they can earn rewards by participating in DeFi programs or staking their COMP tokens.
Distribution of COMP
The distribution of COMP tokens is as follows:
50 percent of the tokens are allocated to Compound's liquidity mining program.
25 percent is reserved for the Compound team and advisors.
The remaining 25 percent is set aside for future needs within the Compound ecosystem.
What does the future hold for Compound
The future of Compound holds plans for platform expansion, encompassing stablecoins, fiat currencies, and additional cryptocurrencies. Geographically, Compound aims to extend its presence to promising regions like Asia and Latin America. Furthermore, the team intends to introduce new DeFi products and services, including derivatives and financial markets, and forge partnerships with other DeFi protocols.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 14K new posts about Compound, driven by 11K contributors, and total online engagement reached 15M social interactions. The sentiment score for Compound currently stands at 79%. Compared to all cryptocurrencies, post volume for Compound currently ranks at 673. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Compound.
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Posts
13,893
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79%
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X
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7,885
Interactions
2,060,490
Sentiment
68%
Compound FAQ
How much is 1 Compound worth today?
Currently, one Compound is worth $51.3100. For answers and insight into Compound's price action, you're in the right place. Explore the latest Compound charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Compound, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Compound have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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