Audio compressors & compression tutorial - Part 8 - Peak & RMS are two different settings for the sidechain detector circuit of the compressor, which effects the way the compressor responds to signal going over threshold.
Audio Compressors & Compression Tutorials Playlist: https://youtube.com/playlist?list=PLr9cxz51sxbxm9BVD16p-nl5qWF5zh-2X