Compound (COMP) is the governance token of the decentralized lending protocol Compound Finance, used for voting on protocol changes and incentives.

It currently trades around ~$24 USD, a steep drop (~97%) from its all-time high near $911 in 2021, reflecting broader crypto market pressures.

The token’s price has been sideways to slightly bearish recently, with modest daily moves and mixed sentiment in DeFi markets.

Compound has faced governance controversies (e.g., proposals and whale voting claims) that have weighed on price action and community confidence.

Market watchers suggest that protocol updates, staking products, and DAO participation could be catalysts if adoption grows.

@Compound Labs $COMP #compounding

COMP
COMPUSDT
22.75
-5.01%

#comp