Compound is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies in a secure and efficient manner. By utilizing smart contracts on the Ethereum blockchain, Compound allows for interest rates to be algorithmically adjusted based on supply and demand dynamics. This innovative approach provides users with the flexibility to earn interest or access liquidity without the need for traditional banking intermediaries.
more informationOntology Gas serves as a vital utility token within the Ontology ecosystem, facilitating transactions and supporting decentralized applications. Designed to enhance the functionality of the Ontology network, it plays a crucial role in governance and incentivizing participation from users. As the demand for decentralized solutions grows, Ontology Gas is positioned to play an increasingly significant role in shaping the future of digital identity and data sharing.
more informationGeneral Information |
|
---|---|
Title
Compound
|
Title
Ontology Gas
|
Symbol
comp
|
Symbol
ong
|
Whitepaper
-
|
Whitepaper
-
|
Website
|
Website
|
Community
-
|
Community
-
|
Last Updated
2025-01-21 23:51
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
79.88
$
|
Current Price $
0.316192
$
|
High 24h
82.99
$
|
High 24h
0.327478
$
|
Low 24h
77.43
$
|
Low 24h
0.30104
$
|
Price Change 24h
-1.9502897949833
$
|
Price Change 24h
0.00358145
$
|
Price Change % 24h
-2.38319
%
|
Price Change % 24h
1.14566
%
|
Market Data |
|
Market Cap
709418000
|
Market Cap
127532515
|
Total Volume
80264041
|
Total Volume
4472810
|
Market Cap Change 24h
-25395508.876012
|
Market Cap Change 24h
1435750
|
Market Cap Change % 24h
-3.45605
%
|
Market Cap Change % 24h
1.13861
%
|
Return on Investment (ROI)
-
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
8868955.2519017
|
Circulating Supply
403586195.84144
|
Total Supply
10000000
|
Total Supply
1000000000
|
Max Supply
10000000
|
Max Supply
1000000000
|
Historical Data |
|
All Time High (ATH)
910.54
|
All Time High (ATH)
4.39
|
ATH Change %
-91.19922
%
|
ATH Change %
-92.79073
%
|
ATH Date
2021-05-12 02:29
|
ATH Date
2018-09-28 10:22
|
All Time Low (ATL)
25.74
|
All Time Low (ATL)
0.04242318
|
ATL Change %
211.32038
%
|
ATL Change %
645.60722
%
|
ATL Date
2023-06-10 16:15
|
ATL Date
2020-03-13 02:24
|
Compound (COMP) is a prominent player in the decentralized finance (DeFi) space, offering a protocol that allows users to lend and borrow cryptocurrencies. Founded by Robert Leshner and Geoffrey Hayes in 2018, Compound has established itself as a critical infrastructure in the DeFi ecosystem, operating on the Ethereum blockchain.
The Compound protocol operates by creating money markets with algorithmically set interest rates. Users can supply assets to the protocol and earn interest, or borrow against their crypto collateral. These transactions are facilitated through the use of smart contracts, which eliminate the need for intermediaries and provide users with control over their funds.
One of the primary advantages of Compound is its decentralized nature, which enhances security and transparency in financial transactions. Additionally, the platform offers interest rates that adjust continuously based on supply and demand, ensuring competitive and fair returns.
Compound's user interface is intuitive and accessible, allowing even those new to DeFi to engage with the protocol effectively. Moreover, COMP token holders have governance rights, enabling them to vote on proposals and changes to the protocol.
Despite its advantages, Compound faces several challenges. The volatility of cryptocurrencies can lead to sudden changes in collateral value, posing risks for borrowers during sharp market downturns. Additionally, like many DeFi platforms, Compound is susceptible to smart contract vulnerabilities that can be exploited if not addressed adequately.
Another downside is the rising competition within the DeFi space, with new protocols offering similar services, which can potentially siphon away users from Compound if it does not continue to innovate and improve.
Compound has experienced significant fluctuations in its market performance. Its all-time high occurred on May 12, 2021, when its price soared to $910.54. However, like many cryptocurrencies, Compound's price has seen a decline from its peak, experiencing a drop of over 95% since then. The all-time low was recorded on June 10, 2023, at $25.74, showcasing the inherent volatility of the crypto market.
As of the latest data, the price hovers around $44, demonstrating a recovery from its lowest point but still far from its historical peak. The market cap stands at approximately $386 million, with a circulating supply nearing 8.7 million COMP tokens.
Looking ahead, Compound's prospects seem promising if it continues to capitalize on the growing DeFi sector. The increasing acceptance of decentralized financial products and the development of Layer 2 solutions on Ethereum could significantly bolster Compound's utility and adoption.
However, its success will depend on maintaining security, offering competitive rates, and possibly expanding its offerings to include more diverse assets and integrations. The involvement and active participation of the community through governance will also play a crucial role in its ongoing development and sustainability.
In conclusion, while there are notable challenges, Compound remains a foundational platform in the DeFi landscape, providing essential services to users and continuing to innovate in the crypto space. Its past performance and future potential make it a project worth watching for investors and crypto enthusiasts alike.
Ontology Gas, denoted by the symbol ONG, is a native token of the Ontology ecosystem, designed to support decentralized applications (dApps) with essential functionalities such as transaction fees and performance incentives. As part of the Ontology Blockchain framework, ONG aims to facilitate better interoperability, scalability, and privacy in digital asset management.
ONG has experienced significant fluctuations since its inception, with an all-time high (ATH) of $4.39 reached on September 28, 2018. This monumental peak was part of a broader market trend where many cryptocurrencies saw their prices surge. However, the crypto market is notoriously volatile, and Ontology Gas faced a downturn, currently trading at approximately $0.296. Notably, this price represents a staggering decline of over 93% from its ATH. Conversely, ONG witnessed an all-time low (ATL) of $0.0424 on March 13, 2020, which highlights its potential for recovery, as it has since gained over 597% from those lows.
Ontology Gas brings several advantages to the table:
Like any cryptocurrency, Ontology Gas also faces its share of challenges:
The future outlook for Ong remains cautiously optimistic. With ongoing developments within the Ontology ecosystem, including improvements in governance, privacy features, and the expansion of its dApp ecosystem, there are catalysts that could drive interest and adoption. Initiatives aimed at enhancing DeFi capabilities and partnerships with enterprises for real-world applications may further bolster its utility and value as a digital asset.
Moreover, as the trend toward decentralization and blockchain technology continues to gain traction, Ontology appears well-positioned to capitalize on these trends, provided it navigates the competitive landscape effectively. By focusing on user experience, ease of access, and innovative solutions, ONG could reclaim some of its lost value in the coming years.
Overall, Ontology Gas presents a compelling case for both investors and users within the blockchain space. While it has faced considerable challenges, the underlying utility, strong community support, and ongoing development could sustain its relevance in the constantly evolving cryptocurrency landscape. As always, investors should conduct thorough research and consider their risk tolerance when engaging with any digital assets.