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What is CoW Protocol
CoW Protocol is a meta-DEX aggregation protocol that acts as a batch settlement layer on top of all other AMMs & DEX aggregators. CoW Protocol is a spin off from Gnosis DAO that launched in February 2021.
How does CoW Protocol work
CoW Protocol batches trades and auctions them between public and private liquidity sources. It aims to achieve better prices than other exchanges by matching trades via Coincidences of Wants (CoWs) and protecting from MEV.
Who governs CoW Protocol
CoW DAO is responsible for the development of CoW Protocol. CoW DAO is governed by COW token holders, who also receive discounts when trading with CoW Protocol (and CoW Swap, its public interface).
Daily fully diluted market cap vs. daily fees in the past 180 days.
|Fully diluted market cap||+1.4%||+13.8%||-6.0%||-31.3%||-52.6%|