Lenders deposit funds into Compound and receive interest payments from borrowers (supply-side fees).

Compound is a non-custodial lending protocol built on Ethereum. Compound was founded by Robert Leshner & Geoffrey Hayes and launched in 2017.

 COMP tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue). Compound’s investors include a16z, Paradigm, Polychain, etc.

governance

github

twitter

discord

etherscan

website

Lending

Compound

# Compound Active users (daily) Methodology

## 1. Overview

Daily active users (DAU) for Compound measures the number of unique wallet addresses that interact with the Compound protocol on any given day. This metric counts distinct users who perform any lending, borrowing, depositing, withdrawing, or repaying action across both Compound v2 and v3 versions. The calculation captures user activity across multiple blockchains where Compound operates, providing a comprehensive view of protocol engagement. Each user is counted only once per day regardless of how many transactions they perform.

## 2. Data sources

The calculation uses the following raw blockchain data sources:

- **Compound v2 Ethereum events**: Parsed smart contract events from CEther, CErc20, and CErc20Delegator contracts including `Borrow`, `Mint`, `Redeem`, and `RepayBorrow` events
- **Compound v3 multi-chain events**: Parsed Comet contract events including `SupplyCollateral`, `Supply`, `WithdrawCollateral`, and `Withdraw` events from Ethereum, Arbitrum, Base, and Polygon networks
- **Blockchain transaction metadata**: Block timestamps and transaction hashes from the respective blockchain networks
- **Chain availability data**: Information about which blockchain networks are currently active and supported for the metric calculation

## 3. Step-by-step calculation

### Component A: User interaction identification
- **Purpose**: Identifies all user interactions with Compound protocol across v2 and v3 versions
- **Logic**: Extracts user addresses from various smart contract events across multiple chains. For Compound v2 on Ethereum, captures CEther events (for ETH interactions), CErc20 events (for ERC20 token interactions), and CErc20Delegator events (for delegated token interactions). For Compound v3, captures Comet contract events across Ethereum, Arbitrum, Base, and Polygon networks. Each event type maps to specific user address parameters - `borrower` for borrow events, `minter` for mint/deposit events, `redeemer` for redeem/withdrawal events, `payer` for repayment events, `dst` for supply destination addresses, and `src` for withdrawal source addresses
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for transaction identification, extracted user addresses from event parameters, `chain` designation, and derived `user_type` classification

### Component B: User type classification
- **Purpose**: Categorizes each interaction by the type of user behavior performed
- **Logic**: Maps each smart contract event to a specific user behavior category. Borrow events classify users as 'Borrower', mint and supply events classify as 'Depositor', redeem and withdrawal events classify as 'Withdrawer', and repayment events classify as 'Repayer'. This classification provides insight into what types of activities drive user engagement
- **Key fields**: `user_type` derived from event mapping, `market_sector_id` set to 'lending', `business_segment_id` set to 'lending'

### Final aggregation
- **Combining components**: All user interactions are unionized into a single dataset containing every user action across all supported chains and protocol versions
- **Time aggregation**: Block timestamps are truncated to daily boundaries using day-level granularity, grouping all interactions within a 24-hour period
- **Deduplication**: The calculation applies DISTINCT counting to each unique user address per day, ensuring that users who perform multiple transactions on the same day are counted only once
- **Chain filtering**: A chain availability filter is applied to include only data from currently active and supported blockchain networks
- **Final calculation**: The final DAU count represents the number of unique wallet addresses that performed at least one interaction with Compound protocol on each day, aggregated across all supported chains and protocol versions

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique revenue-generating users over a fixed 24-hour window.

CompoundCOMP

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown