CoW Protocol (COW) USD Price

CoW Protocol Price Data

CoW Protocol (COW) currently has a price of $0.19 and is up 8.58% over the last 24 hours. The cryptocurrency is ranked 429 with a market cap of $102.2M. Over the last 24 hours, it saw $10.7M of trading volume. The token has a circulating supply of 529.5M tokens out of a total supply of 1B tokens.

Cow Protocol is a decentralized exchange (DEX) protocol built on Ethereum and other EVM-compatible blockchains. It is designed to enable peer-to-peer trading of tokens without relying on traditional order books.

Batch Auctions: Cow Protocol matches trades using batch auctions, where multiple buy and sell orders are collected and settled simultaneously. This approach allows for more efficient price discovery compared to continuous order matching.

Coincidence of Wants (CoWs): The protocol identifies when two or more traders’ orders naturally offset each other (e.g., one wants to sell Token A for Token B while another wants the opposite). These orders can be matched directly without requiring liquidity from external markets.

Solvers: Independent third-party actors called solvers compete to find the most efficient settlement of trades. They can route orders through external liquidity sources (such as Uniswap or Balancer) when direct matches are not possible, ensuring competitive pricing for users.