Aave

Compound

Coin

<ul class="news-points"> 
 <li>COMP increased by 155% in the last 30 days and the TVL followed suit.</li> 
 <li>Bulls’ attempt to revive demand at $72.12 has been neutralized by selling pressure.</li> 
 <li>COMP may pull back to $65.56 depending on EMAs and Stoch RSI trend.</li> 
</ul> 
In the last 30 days, <a href="https://coinedition.com/tag/compound-comp/" target="_blank" rel="noopener noreferrer nofollow">Compound Finance’s (COMP)</a> Total Value Locked (TVL) has grown by 22.09%. According to TVL aggregator DefiLlama, Compound’s TVL growth was much more than <a href="https://coinedition.com/ldo-uni-aave-3-defi-coins-poised-for-breakout-rallies/" target="_blank" rel="noopener noreferrer nofollow">Lido Finance (LDO)</a> and Aave (AAVE) within the same period. 
<h2 class="wp-block-heading" id="h-tvl-and-price-spike"><a></a>TVL and Price Spike</h2> 
For context, the TVL shows the total value of assets locked or staked in decentralized Applications (dApps) operating under a <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">DeFi protocol</a>. Therefore, the increase in Compound’s TVL means that investors perceived the protocol to be more trustworthy. 
<figure class="wp-block-image size-full"> 
 <img decoding="async" width="1241" height="310" src="https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama.png" alt="" class="wp-image-322529" srcset="https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama.png 1241w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-300x75.png 300w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-313x78.png 313w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-380x95.png 380w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-768x192.png 768w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-696x174.png 696w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-127x32.png 127w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-159x40.png 159w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-255x64.png 255w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-795x199.png 795w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-440x110.png 440w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-414x103.png 414w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-326x81.png 326w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-377x94.png 377w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-328x82.png 328w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-144x36.png 144w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-123x31.png 123w, https://coinedition.com/wp-content/uploads/2023/07/Compound-Finance-TVL-Source-DefiLlama-129x32.png 129w" sizes="(max-width: 1241px) 100vw, 1241px"> 
 <figcaption class="wp-element-caption">
 Compound Finance TVL (Source: <a href="https://defillama.com/protocol/compound-finance?tokenLiquidity=true" target="_blank" rel="noopener noreferrer nofollow">DefiLlama</a>) 
 </figcaption> 
</figure> 
Like the TVL, the liquidity in Compound also followed the same path. The growth in liquidity suggests that there has been an increase in token swaps and the slippage require was not extremely high. 
Similarly, <a href="https://coinedition.com/compound-comp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">COMP’s price</a> has incredibly grown over the last 30 days. According to CoinMarketCap, <a href="https://coinedition.com/compound-comp-climbs-more-than-21-and-may-continue-to-rise/" target="_blank" rel="noopener noreferrer nofollow">COMP increased</a> by over 155% within the said period. But with the TVL exceeding the market cap, CO… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/compound-finances-comp-tvl-may-not-stop-a-pullback-heres-why/">Compound Finance’s [COMP] TVL May Not Stop a Pullback, Here’s Why</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Compound Finance’s [COMP] TVL May Not Stop a Pullback, Here’s Why

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