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Compound TVL has been on a decline since the mid of 2022 and is currently near $1.84 Billion - 2
COMP price is currently favoring a bearish momentum. It has seen a decline of 10% in the past seven days.
Compound is a defi lending protocol that allows users to earn interest on their deposited crypto. When users deposit in the protocol they receive cTokens which can be redeemed. Meanwhile, a borrower can take a secured loan while depositing the collateral. Compound is an open lending platform that allows users to deposit and earn interest in a trustless way. One …
Source: https://www.thecoinrepublic.com/2023/06/08/compound-price-falls-10-in-7-days-will-it-continue-to-fall/