Compound’s New Token Tops DeFi Rankings on First Day

[Tanimariya]

A single day of trade has seen Compound’s COMP emerge as the largest DeFi token by market capitalization.
After a single day of trading, Compound’s COMP token has emerged as the largest decentralized finance (DeFi) token by market capitalization.

COMP overtook MakerDAO’s MKR token by market cap as it rallied by more than 60% over just a few hours. The token’s price has since pulled back around 20% from its local highs over $100. Compound’s market cap of nearly $740 million is 35% greater than Maker’s $547.1 million, according to market data aggregator DeFiMarketCap.io.
Read more: https://cointelegraph.com/news/compounds-new-token-tops-defi-rankings-on-first-day