Compound's COMP jumps 27%, outpacing Bitcoin and Ether

Compound's COMP governance token rose 27.3% over 24 hours on October 20, outpacing Bitcoin and Ether, The Defiant reported . The token also led both benchmarks over the past seven and 28 days.No announcement, governance vote or partnership has been identified as a catalyst for the move. COMP had traded around $21.60 on October 17, according to CoinMarketCap data .The rally has not been matched by activity on the lending protocol. Compound's total value locked remains below its late-September level, according to The Defiant.Compound's protocol TVL stood at about $1.53 billion in early September, when the Compound Foundation launched an Institutional Market for USDC lending on Compound v3. The market accepts ETH collateral at loan-to-value ratios of up to 87%, as well as wstETH, WBTC and cbBTC, and is part of a $52 million institutional program.No link between the institutional push and this week's price move has been reported.