What Is CoW Protocol (COW)?
CoW Protocol is an innovative decentralized finance (DeFi) platform on the
Ethereum Mainnet, designed to enhance trading outcomes through a combination of strategies. It utilizes batch auction mechanisms and peer-to-peer trades to achieve optimal pricing for users. Central to its design is the Coincidence of Wants (CoWs) concept, which seeks to maximize liquidity by identifying overlapping trade desires. This unique structure not only facilitates better pricing but also helps reduce gas costs and execution risks by allowing trades to be processed in batches rather than individually, ensuring a more efficient trading experience.
How CoW Protocol (COW) Works
CoW Protocol operates through solvers that identify the best exchange rates for trades, creating a competitive environment that ensures optimal pricing by accessing various on-chain liquidity sources, including decentralized exchanges (DEXs) and DEX aggregators. User-friendly features include waiving fees for failed transactions and charging fees in the sell token, enhancing the trading experience. The governance of the protocol is facilitated by the COW token, which grants holders decision-making rights within CowDAO and offers benefits like fee discounts on CowSwap. Overall, CoW Protocol enhances trading efficiency on the Ethereum blockchain through its innovative batch auctions, peer-to-peer trading, and competitive solver system.
How Many CoW Protocol (COW) Tokens Are in Circulation?
COW has a total supply of 1,000,000,000. The current circulating supply of COW is 271,414,202.
How to Buy CoW Protocol (COW)
Check out the available CO
W trading pairs on Bitget!
Spot market
CoW Protocol (COW) Resources