USDC Market Surpasses USDT Market on the Compound Protocol
With 5,826 suppliers and 782 borrowers, USDC is one of the most active lending markets on the Compound protocol. The supply of Compound USDC has almost quadrupled from $53.6M at the start of COMP distribution, to over $203M as of today.
For comparison, the number of suppliers on Compound USDT market is under 3000, the number of borrowers is under 700, and the current total supply doesn’t exceed $130M.
Interesting that, as of June 19-20, the situation was different: Compound USDT had the supply of $245-$235M, while Compound USDC’s supply was $199-$207M.