Measuring the trading performance of top Compound traders on Merlin by VALK

Build On Merlin
3 min readJul 26, 2022

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:


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:


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:


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:


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.

Access the free app from our website below:



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