Across the broader cryptocurrency market, Compound (COMP) token takes the lead in terms of gaining most value in the last week. Though the decentralized finance (defi) market has nothing to give COMP token price any push, the reason is said primarily to be internal.
The popular reason behind the surge in Compound defi protocol’s native token is the founder’s newly announced project. Founder Robert Leshner notified on June 28 of a company dubbed Superstate. The company aims for creating regulated financial products and intends to …
Source: https://www.thecoinrepublic.com/2023/07/03/compound-comp-token-rose-70-in-a-week-superstate-effect/