$COW 🌔 The COW Protocol is a decentralized exchange (DEX) protocol on Ethereum that uses batch auctions to find the best prices. Its token, COW, is primarily for governance, and those who hold it can participate in decision-making for the ecosystem through the CoW DAO. Integration with Aave (December 4):
The network of CoW "solvers" was integrated into Aave.com, allowing for MEV protected swaps and flash loans.
· Cross-Chain Expansion: The protocol has been deployed on new networks like A Base and L Chain (the latter with gasless transactions).
· Record Volume: The protocol has consistently processed over $10 billion in monthly volume, capturing a significant share of the DEX aggregator market.
· Governance Debate: There is a proposal (CIP-73) to sell the 50% stake of CoW DAO in M Blocker, a product that generates recurring revenue, which has sparked discussion in the community.
The COW token is used to vote on proposals from the CoW DAO, which decides on development, treasury usage, and protocol partnerships.
Price: Approximately $0.22.
· Market Capitalization: Around $120 million, ranking close to #200 among cryptocurrencies.
· Circulating Supply: About 546 million COW tokens.
· All-Time High: $1.23 (December 2024). The current price is 81% below that level.
Cryptocurrencies are volatile. The information presented here is not financial advice. It is crucial to thoroughly research, understand the risks (such as the concentration of holdings mentioned in some analyses), and only invest money you can afford to lose.
