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COMP’s incentive crisis and what lies ahead for alt’s price
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The DeFi space has accelerated at a pretty good pace of late, despite some setbacks in the first half of the year. In 2021 alone, the ecosystem reported a growth rate of over 20x.
A lot of upcoming protocols like Abracadabra have made star entries recently too. Even so, platforms like Maker, Aave, and Compound are ruling the roost, still maintaining their spot in the top five in terms of total value locked.
Maker and Aave have had their fair share of price pumps over the last couple of months. However, COMP’s price still has been unable to break away from its downtrend.
According to data from Messari, COMP’s price hit an ATH of $911.93 in May. However, at the time of writing, the asset was down 66.42%. Until late October, the asset was
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