With Base’s integration, Compound could see an improvement in on-chain activity. However, this depends on a number of factors.
] integrated with Base. But with Compound’s appearance, what effect will Base have on the open-lending platform?
The first stop is to consider the Total Value Locked . For context, the TVL measures the health and trust given to a protocol by considering the unique smart contract deposits entering it. And over the last 30 days,This left the value at $2.20 billion. And in turn, implied that liquidity flowing into chains under Compound hasn’t been much. But with Base’s integration, Compound could see an improvement in on-chain activity.for the better.
When the metric increases, it means new addresses are increasingly making their first transactions. And when it decreases, it implies that a dearth of transfers by new addresses.Over the last 30 days, Compound’s network growth has been decreasing. This means that traction on Compound has not been splendid. But in the coming days, when Base users flood to lend and borrow on Compound III, there could be a positive change in the network growth.had a similar trend.
Therefore, the decrease in this metric suggests that participants familiar with the Compound protocol have not really been exchanging assets on the platform. But now, Compound can look to Base to change the status quo.
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