Compound’s token is the largest DeFi token by market cap. Compound with its $756M surpassed Maker Dao with its $552M after the first day of trading.

Moreover, the launching of Compound has pushed the total market cap of DeFi tokens above $3 billion.

8 days ago, Cryptorank has reported that DeFi tokens reached $2 billion in market cap.

Compound is an algorithmic, autonomous interest rate protocol on the Ethereum blockchain that is made for developers building open source financial applications.