2023-08-16
Compound, a DeFi lending
and borrowing platform expands to Base, an Ethereum layer 2 from
Coinbase. Now Compound supports Ethereum, Polygon, Arbitrum, and Base.
Currently, Compound has
a TVL of $2.201 billion. Compound’s governance token, COMP is the 90th largest
crypto by market cap. It has a fully diluted market cap of $500 million. On the
other hand, Base has a TVL of $166 million. Base is an Ethereum layer 2
solution built using OP Stack from Optimism.
