#COMP #Compound #DeFiOldGun #BlueChip
$22.61, down 11% in 24 hours, market cap 224 million.
Compound, as a pioneer in the DeFi lending protocol, was once the first in locked value. Now, although it is not as good as Aave, it is still a blue chip.
Circulating supply 9.97 million, total supply 10 million, almost fully circulated. No unlocking pressure.
Futures trading volume 101 million, spot trading 7.5 million, a 13.5 times difference. OI 32.24 million.
The DeFi summer has passed, and COMP has fallen 97.5% from its historical high of $911. The advantage of old blue chips is stability, while the downside is low elasticity.
Those seeking stability can allocate, but those wanting to get rich quickly should stay away.
$COMP