Softwr

Cryptocurrency & Blockchain · head to head

Phantom vs Compound

Phantom logo

Phantom

Cryptocurrency & Blockchain

The friendly crypto wallet for Solana and beyond

From
Free
Rated
-
Compound logo

Compound

Cryptocurrency & Blockchain

Autonomous interest rate protocol

From
Free
Rated
-

The short version

  • They diverge on capability: Phantom covers Wallet, Compound covers Lending.

Where they differ

Only the attributes on which Phantom and Compound actually diverge.

Attributes where Phantom and Compound differ
AttributePhantomCompound
Pricing modelfreeUnknown
PlatformsChrome, Firefox, Ios, AndroidEthereum
Founded20212017

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Cryptocurrency & Blockchain).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Phantom

  • Wallet
  • NFT Gallery
  • Token Swaps
  • Staking
  • dApp Browser
  • Solana
  • Polygon
  • Chrome support

Only in Compound

  • Lending
  • Borrowing
  • cTokens
  • Governance
  • COMP Token
  • Web support

Both cover

  • Ethereum

What people use each for

The jobs each tool is most often brought in to do.

Phantom

  • Walletsnot Compound
  • Solananot Compound
  • Nftnot Compound

Compound

  • Decentralised finance (DeFi) lending and borrowing protocol on Ethereumnot Phantom
  • Cryptocurrency collateral management for USDC borrowingnot Phantom
  • Interest earning through crypto asset supplynot Phantom
  • Algorithmic interest rate determination based on supply and demandnot Phantom

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Phantom

Nothing recorded yet. See the Phantom review.

Compound

  • Compound is a decentralized, non-custodial protocol governed by COMP token holders rather than a company; interest rates on supplied and borrowed assets are set algorithmically by pool utilization rather than published as a price list, so there is no vendor pricing page to compare against

Pricing, plan by plan

Phantom

Free
  • FreeFree
    • Multi-chain wallet
    • NFT gallery
    • Swaps

Compound

Free

No published plan breakdown. See the Compound review.

Which should you pick?

Choose Phantom if

  • You need wallet.
  • You want to start without paying.
  • You work on Chrome, Firefox, Ios, Android.
  • You also want nft gallery.

Choose Compound if

  • You need lending.
  • You want to start without paying.
  • You work on Ethereum.
  • You also want borrowing.

Questions people ask

Is Phantom or Compound better?
Neither clearly leads. Phantom starts at Free and Compound at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Phantom or Compound?
Phantom starts at Free and Compound at Free.
Does Phantom or Compound run on more platforms?
Phantom runs on Chrome, Firefox, Ios, Android. Compound runs on Ethereum.
Can I use Phantom for free?
Both have a free tier, so you can try either at no cost before committing.
What is Phantom best used for?
Phantom is most often used for wallets, solana, nft. Of those, wallets and solana are not what Compound is typically brought in for.
What can Phantom do that Compound cannot?
Phantom covers Wallet, NFT Gallery, Token Swaps, Staking. Compound covers Lending, Borrowing, cTokens, Governance. Both handle Ethereum.

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