$AAVE vs $COMP since 2021:

- $AAVE +447%

- $COMP -61%

AAVE is now 10x the market cap of $COMP

Surprisingly, both trade at same FDV-to-TVL ratio as Compound TVL stands at $2.6b vs Aave's $26B

But Compound's growth has stagnated: Aave's TVL reaching ATL while Compound hasn't grown for 2 years straight.

This is despite a controversial decision to launch Polygon vaults using rival Morpho's tech after a Gauntlet-proposed deal.

Goal was to capture Aave’s marketshare after it left Polygon market.

The deal included paying $3M in $COMP/$MATIC incentives to bootstrap liquidity.

Personally, Compound was one of the first DeFi apps I've ever used.

When Compound launched liquidity mining, it was my one of the top "WTF" memorable moments in DeFi.

Now, Compound's mindshare on X is basically nonexistent.

I guess this is what 'exiting to the community' looks like.

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