Measuring the trading performance of top Compound traders on Merlin by VALK
A look into some of the top performing wallets on Compound, using Debank’s leaderboard. Merlin by VALK tracked the wallets and has reported calculations related to their PNL, position performance and more!
Wallet number 1:
0x741aa7cfb2c7bf2a1e7d4da2e3df6a56ca4131f3
Debank: Top 5 trader
Nansen: 0x Market Maker
This wallet doesn’t currently have assets deployed on Compound; in fact all deployed assets (~$44M) are on Uniswap V3, as shown on the dashboard below, with the rest ($29M). However, Merlin has calculated historical PNL on Compound to be $9.5M.
Wallet number 2:
0x2baba0cba8241fda56871589835e0b05ec64ca41
Debank: Top 5 trader
Nansen: Elite DEX Trader
Another top performing wallet is very much active on Compound. Out of its net worth of ~$70M, $66M is deployed on Compound, with the rest split between Aave and held in the wallet.
This wallet on Compound is primarily focused on ETH, with over $6M USDC borrowed. Let’s dive into its most recent transactions on Compound, which have taken place between April and July 2022.
Wallet number 3:
0xabde2f02fe84e083e1920471b54c3612456365ef
Debank: Top 5 trader
Nansen: Token Millionaire
This wallet, with a net worth of $139M, has ~100% of assets deployed on Compound.
Analysing its two most recent positions on Compound, Merlin shows it has deposited into Compound and USDT lending pools, receiving cComp and cUSDT in return.
The Compound position has an unrealised PNL of -$5,587, and the USDT position has an unrealised PNL of $7,998:
Wallet number 4:
0xb99cc7e10fe0acc68c50c7829f473d81e23249cc
Debank: Top 5 trader
Nansen: High activity
This wallet, with a net worth of $58M, has almost all assets deployed on Compound. As helpfully shown by the pie chart, the majority of deployed assets are stablecoins: TUSD (60.80%), USDT (27.98%) and USDC (10.87)
Let’s view these deployed assets in more detail. Total PNL on Compound is $2.6M, with the best performing asset (in terms of yield accrued and PNL) being USDT with $3.2M PNL:
Merlin’s data analytics engine doesn’t just track aggregate market/transactional activity, but provides institutional-grade wallet reporting for individual portfolios, including net worth, PNL & total fee calculations.
