Compound: Ethereum Data and Analysis of its App-Specific Chain
Quick Take
- $4.4 billion in outstanding loans on Compound right now — with a 144% increase in overall debt since the start of 2021
- On March 1st, Compound launched a prototype of its application-specific chain Gateway, built on the Substrate (Polkadot’s) framework
- Application-specific chains offer more sovereignty for protocols, as well as increases potential profits creates a common liquidity base
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Author: Mika Honkasalo
