CoW ProtocolCOW

Fees measures the total value paid by users to execute trades on CoW Protocol. These fees represent the DAO's Gross Revenue (including passthrough revenue), compensating solvers and integration partners for order settlement services and represent the economic cost users incur to access CoW Protocol's intent-based trading infrastructure. Fees are collected across several distinct mechanisms: protocol fees extracted from trade surplus and volume, fees imposed by integration partners, network fees covering gas costs. MEV Blocker fees charged to Builders for the reference of traffic by integrators is also accounted for. All fees are denominated in native or ERC-20 tokens and converted to USD. Known data gaps exist: protocol fees are unavailable for January–September 2024 due to API data limitations, and approximately 6,500 Ethereum orders (July–September 2024) and 94,000 Gnosis orders (July–October 2024) are missing from the CoW Protocol API.Learn more