No forecast can reliably tell you where COMP will trade in 2026, 2027 or 2030, and this article does not offer one. Here are the facts. On 25 October 2026 at 08:54 UTC, CoinGecko showed COMP at about $22.99 and a market value of about $230 million. That is down roughly 39% over one year. It is also about 97% below the all-time high of $854.45 set on 11 May 2021. The all-time low of $14.86 came on 25 June 2026. Over the past month the main story has been a fight over who controls Compound's treasury, and a chart pattern won't settle that.
Where COMP stands on 25 October 2026
| Metric | Value (CoinGecko, 25 Oct 2026) |
|---|---|
| Price | ~$22.99 |
| Market capitalisation | ~$229.9 million |
| Circulating / max supply | 10,000,000 / 10,000,000 COMP |
| 1-year change | about −39% |
| All-time high | $854.45 (11 May 2021) |
| All-time low | $14.86 (25 June 2026) |
CoinGecko lists the whole 10 million supply as circulating. So the "remaining emissions" argument used in older COMP forecasts no longer applies to supply.
The newest development: the Guardian cancels proposals
22 October 2026: Proposal 618 cancelled before voting
On 22 October the Community Multisig cancelled Proposal 618 before voting opened. The multisig acts as Compound's Proposal Guardian. Proposal 618 followed up on the cancelled Proposal 613, came from the same proposer and concerned the same fund, the Ecosystem Protection and Continuity Fund (EPCF). The Guardian wrote that "Sending each new proposal from the same source through a full vote only prolongs the disruption." It compared the pattern to Proposal 289 from 2024.
7 October 2026: Proposals 612 and 613 cancelled after passing
Delegate Ugur Mersin submitted Proposal 612 on 2 October 2026. According to Crypto Briefing on 5 October, it would have:
- raised the Treasury Escrow withdrawal cooldown and the Treasury Timelock minimum delay from 2 days to 10;
- set a 17-day Escrow expiration;
- given the Governor Timelock the executor and canceller roles over the Treasury Timelock.
Crypto Briefing reported 1.75 million COMP for and 921,000 against while voting was still open. Tally now lists Proposal 612 as "Canceled".
The Community Multisig explained its decision on 7 October. It said the deciding 1.75 million COMP on both 612 and 613 came from the dCOMP delegate, and "a single entity controlled the vote." It also said both proposals passed despite more than 1 million COMP voting against. It cited two criteria from its mandate, which Proposal 304 set and Proposal 538 extended. Only one criterion has to be met.
Mersin replied on 8 October. He said the Governor already owns these contracts, and that the change only closed a timing gap: treasury withdrawals clear in 2 days, but a governance vote takes about 7. He also said the cancellation came less than nine hours after the proposal was queued.
Why this matters for the token
The Compound Foundation posted a timeline on 2 October 2026. It says one address with about 1.77 million COMP of delegated voting power decided several September votes:
- Proposal 608 passed with about 1.8 million for and 984,000 against.
- Proposal 609, the Comet v1.2.1 security patch, was defeated 627,000 to 1.77 million.
- A Snapshot vote to renew the security service providers was defeated 627,011 to 1,799,026.
The Foundation is a party to this dispute, and the person it names has denied the separate allegations the post mentions. For a token whose main use is governance, it matters who holds the votes and whether a multisig can override them. That shapes what COMP is worth to holders.
What else happened in 2026
- February: The Foundation's timeline says Proposal 538 extended the Proposal Guardian's term to 28 February 2030.
- May: The same timeline says Proposals 580 (Treasury Management Committee) and 582 (a two-year, $52 million V4 programme) each passed with 1.88 million votes and none against. Some news reports give a different approval date, so treat the month as the Foundation's account.
- 8 September: The Foundation says Compound's Institutional Market launched that day and passed $50 million in deposits and collateral within seven days. The Defiant reports that the market takes ETH, wstETH, WBTC and cbBTC as collateral against USDC at loan-to-value ratios of up to 87%. Reports disagree on who may borrow.
- 29 September: Crypto Briefing reports that the Treasury Management Committee moved $3 million in stablecoins. It then placed $2 million USDC into a COMP liquidity position on a decentralised exchange. Proposal 612 was a response to this.
How Compound's governance fight unfolded in 2026
Step through the dated events behind COMP's October 2026 dispute over who controls Compound's treasury.
- February 2026Proposal 538 extends the Guardian's termpassed
The Compound Foundation's timeline says Proposal 538 extended the Proposal Guardian's term to 28 February 2030.
- May 2026Proposals 580 and 582 pass unopposedpassed
By the Foundation's account, Proposal 580 (Treasury Management Committee) and Proposal 582 (a two-year, $52 million V4 programme) each passed with 1.88 million votes and none against. Some news reports give a different approval date.
- 8 September 2026Institutional Market launcheslaunched
The Foundation says Compound's Institutional Market launched and passed $50 million in deposits and collateral within seven days. Reports disagree on who may borrow.
- 29 September 2026Treasury committee moves stablecoinsreported
Crypto Briefing reports the Treasury Management Committee moved $3 million in stablecoins, then placed $2 million USDC into a COMP liquidity position on a decentralised exchange.
- 1 October 2026Foundation reports dCOMP collateralreported
The Foundation reported 1,773,738 dCOMP posted as collateral on a lending market against about $13.3 million of USDC borrowed.
- 2 October 2026Proposal 612 submittedsubmitted
Delegate Ugur Mersin submitted Proposal 612 to raise treasury withdrawal delays from 2 days to 10 and set a 17-day Escrow expiration. The same day, the Foundation said one address with about 1.77 million COMP of delegated votes decided several September votes.
- 7 October 2026Proposals 612 and 613 cancelled after passingcancelled
The Community Multisig, acting as Proposal Guardian, cancelled both, saying the deciding 1.75 million COMP came from the dCOMP delegate and a single entity controlled the vote.
- 8 October 2026Proposer disputes the cancellationdisputed
Mersin replied that the change only closed a timing gap, since treasury withdrawals clear in 2 days while a governance vote takes about 7, and that the cancellation came less than nine hours after queuing.
- 22 October 2026Proposal 618 cancelled before votingcancelled
The Guardian cancelled Proposal 618, a follow-up on the same fund from the same proposer, before voting opened, comparing the pattern to Proposal 289 from 2024.
This timeline lists events as reported by parties to the dispute and news outlets; it does not judge who is right or say anything about COMP's future price.
How COMP governance works
The Compound documentation says:
- Proposal threshold: a proposer needs 25,000 COMP of delegated votes.
- Quorum: a proposal needs at least 400,000 votes cast in favour.
- Voting period: voting lasts 3 days.
- Timelock: a passed proposal can be implemented 2 days later.
- Delegation: a holder delegates to one address at a time. Votes count from the current block onward until the holder delegates again or transfers their COMP.
Compound III (Comet) is governed by COMP holders and delegates. In each Comet market, users supply collateral to borrow a single base asset. On the first Ethereum deployment the base asset is USDC. COMP holders choose the Pause Guardian, a role held by the Community Multisig.
What to watch instead of price targets
- The next proposals about the EPCF and the treasury. Whether the Guardian keeps cancelling them, and whether delegates try to change its mandate.
- Concentration of voting power. As of 1 October, the Foundation reported 1,773,738 dCOMP posted as collateral on a lending market against about $13.3 million of USDC borrowed. If that position is unwound or liquidated, voting power could shift.
- Use of the Institutional Market and the V4 programme. Deposits and borrowing on the new market show whether the $52 million spend is producing demand.
- Security patches. Proposal 609 was defeated. Watch whether the Comet v1.2.1 fix is resubmitted and passed.
Why published COMP forecasts disagree so widely
Algorithmic sites mostly extend past price trends forward. Sentiment-based "bull case" targets assume DeFi lending keeps growing. Neither approach accounts for a governance dispute like Compound's in October 2026. When forecasts for the same year range by a factor of ten or more, read them as guesses, not as estimates.
Limitations: much of the governance detail comes from forum posts by the Compound Foundation, the Community Multisig and one delegate, who are all parties to the dispute. Market data comes from a single tracker, CoinGecko, as of 25 October 2026.
