COMP Token Soars 27.77% as DeFi Optimism Grows After SEC Chairman’s Supportive Remarks

Compound (COMP) experienced a significant price surge in the last 24 hours, primarily attributed to increased optimism in the decentralized finance (DeFi) sector following supportive statements from the U.S. SEC Chairman regarding DeFi and regulatory modernization. This positive sentiment, combined with a broader rally in DeFi tokens, drove heightened trading activity and strong price gains for COMP.

As of the latest Binance data, COMP is trading at $59.68, reflecting a 27.77% increase over the past 24 hours from an opening price of $46.71. Trading volume has been robust, and the token has shown notable volatility, with strong upward momentum compared to both its recent and historical performance.