Compound jumps 27%, outpacing Bitcoin and Ether

Compound’s governance token, COMP, had the kind of day most large-cap crypto assets only daydream about. On October 20, 2026, it climbed approximately 27.3% in 24 hours, comfortably beating both Bitcoin and Ether. The rally came without an obvious trigger. Meanwhile, the protocol’s own deposits have been drifting the other way. A 27% move with no clear spark COMP pushed to intraday highs near $29 before cooling off. It finished the session in the mid-to-high $20s, which still left holders sitting on a very good day. Trading activity picked up sharply alongside the price. Volume over the 24-hour window ranged between $43 million and $88 million, pointing to strong buy-side demand across several exchanges. COMP also outperformed Bitcoin and Ether over the trailing seven and 28 days. Still, the reason behind the jump remains unclear, according to The Defiant. No announcement, governance vote or partnership was identified as the catalyst. The deposits tell a different story While the token rose, the protocol underneath it shrank. Compound’s total value locked, or TVL, has fallen roughly 8.7% since late September. Compound V3, the newer version of the protocol, held somewhere between $1...