Wat is de huidige prijs van CoW Protocol?
De huidige prijs van CoW Protocol is € 0,1083 met een verandering van 4,53% in de afgelopen 24 uur.
CoW Protocol is a permissionless trading protocol on Ethereum and other EVM chains that settles trades through fair combinatorial batch auctions rather than routing each order straight into a liquidity pool. Users sign an intent describing what they want traded instead of an executable transaction, and independent solvers compete to settle groups of intents at the best prices. The name comes from Coincidence of Wants: when two orders in a batch want opposite sides of the same pair, they can be matched directly without touching onchain liquidity. COW is the governance token of CoW DAO and is also what solvers are paid in for winning settlements.
Official resources:
CoW Protocol did not start as an independent project. It grew out of Gnosis, developed as Gnosis Protocol v2 and exposed to users through an interface then called CowSwap. Once that interface built a community of its own, the protocol was renamed CoW Protocol.
In January 2022 a governance proposal, GIP-13, put forward an independent CoW Protocol with its own token and DAO. The spin out from GnosisDAO followed, and reporting at the time described a raise of roughly 23 million dollars, part in stablecoins from investors including Blockchain Capital, Cherry Ventures and Ethereal Ventures, and part from thousands of community participants. The COW token and CoW DAO followed in 2022.
CoW DAO's own documentation does not present the protocol as the work of named individual founders, describing the organization instead as of, by and for its community under a decentralized governance model. Founder attributions circulating on third party sites are not confirmed in official materials.
Rather than creating an executable onchain transaction, a user signs an intent off chain: what to sell, what to buy, a limit price and any conditions. Placing it costs nothing and it never enters the mempool as a swap, so it cannot be front run there.
Intents are grouped into a batch. When the batch closes for orders, solvers compete. The auction is combinatorial: each solver may submit multiple bids, on individual orders or on batched groups. The protocol filters out unfair batched bids, meaning those delivering less to an order than an available non batched bid would, then selects the combination that maximizes total surplus for the batch.
The winning solver submits the settlement onchain. Solvers hold no user approvals; users approve the vault relayer contract, and the settlement contract verifies the signed intent and enforces limit price and quantity. Orders with no peer to peer match are filled using external onchain liquidity through encoded interactions. Fees are taken inside execution in the surplus token, and the published schedule includes a volume fee that is lower for correlated assets such as stablecoins and real world assets, plus surplus and quote improvement components on eligible orders.
COW is primarily a governance token, and holders vote on protocol direction through CoW DAO. It also has a direct role in the mechanism: solvers are compensated in COW for successful settlement submissions, which is the incentive keeping multiple independent solvers competing on price. That makes COW part of operating economics rather than a purely symbolic vote token.
On supply, the documentation states maximum inflation is capped at 3 percent per annum and that inflationary measures can be enacted at most once every 365 days. A separate vesting token, vCOW, exists on Ethereum and Gnosis Chain. COW itself is deployed on Ethereum, Gnosis Chain, Arbitrum One, Base, Polygon and BNB Chain, with canonical addresses published in the token documentation.
The core idea is uniform directed clearing prices. Within a batch, a directed asset pair appearing in several orders settles at one consistent price, which makes transaction ordering inside the block irrelevant for those trades and undermines the lever sandwich extraction depends on. MEV protection here is a property of the auction, not a private relay bolted onto an ordinary swap.
The second idea is avoiding liquidity pools when possible, since two intents wanting opposite sides of a pair can be matched directly, with external liquidity used only for the residual. The third is delegated execution: because users sign intents rather than transactions, they do not pay gas for failed attempts, and finding the best route falls to a competitive solver market.
Against an automated market maker, CoW Protocol is not a liquidity venue at all. It holds no pools and sources liquidity wherever it exists, competing on execution quality rather than depth.
Against a conventional aggregator, the difference is the auction. An aggregator computes a route and hands the user a transaction; CoW Protocol runs a competition over a batch, and the winner maximizes surplus for the batch as a whole. Its guarantees are explicit: user funds are inaccessible except to settle an authorized order, trades must execute at the limit price or better, and a filled order cannot be traded again.
Against private mempool or RPC based MEV protection, it addresses extraction through pricing rather than routing. The trade off is latency and dependence on healthy solver competition. It also supports order types awkward on a plain DEX: gasless limit orders, TWAP orders that split a large order, programmatic orders for smart contract wallets via ERC-1271, and flash loan backed orders such as repaying debt with collateral in one settlement.
The settlement and vault relayer contracts are not upgradeable and are deployed to deterministic addresses using CREATE2 across supported networks, so the same code sits at the same address everywhere. Approvals go to the vault relayer rather than to solvers, firewalling user funds from the parties constructing settlements. The settlement contract verifies the EIP-712 signed intent and enforces limit price and quantity, and the documented invariants state that funds are inaccessible except for settling an authorized order, that trades must execute at or better than the limit price, and that a fulfilled order cannot be traded again.
Solvers are bonded participants. The allow list contract determining solver eligibility is upgradeable, which the documentation explains is to facilitate future decentralization of that process, leaving one governed component in an otherwise fixed core. Governance runs through CoW DAO, with voting on Snapshot and execution through DAO controlled multisigs.
CoW Protocol is one of the clearest demonstrations that maximal extractable value can be addressed through market design rather than by hiding transactions. Batching orders, clearing at uniform directed prices and forcing solvers to compete on surplus changes what an extractor can do, instead of just making the target harder to see. It also helped establish the intent model much of DeFi has since adopted: users describe outcomes, specialized actors compete to deliver them, and settlement is verified against signed constraints.
COW trades on major centralized exchanges and on decentralized venues across Ethereum, Gnosis Chain, Arbitrum One, Base, Polygon and BNB Chain, and can be traded through CoW Swap itself. Because the token sits at different addresses on different networks, check the canonical address for your chain in the official token documentation before trading or bridging, and note that vCOW is a separate vesting token, not the tradable asset.
COW is a standard ERC-20 token, so any Ethereum compatible wallet on the relevant network will hold it, with hardware wallets the better option for long term positions and usable with Snapshot for voting. If you hold COW to participate in governance, keep it in a wallet you control, since custodial exchange balances generally cannot vote. Smart contract wallets are well supported, as the protocol handles ERC-1271 signatures for contract based accounts.
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Lees de volledige paper trading gidsDe huidige prijs van CoW Protocol is € 0,1083 met een verandering van 4,53% in de afgelopen 24 uur.
Het dagelijkse handelsvolume is € 661.133 wat een verandering van 36,75% in de afgelopen 24 uur vertegenwoordigt.
De marktkapitalisatie van CoW Protocol is € 62.244.050, wereldwijd gerangschikt op #248.
De volledig verwaterde waardering (FDV) van CoW Protocol is € 108.346.966, berekend op basis van een maximale voorraad van 1.000.000.000 COW.
In omloop: 574.488.169. Totaal: 1.000.000.000. Maximaal: 1.000.000.000.
In de afgelopen 24 uur werd CoW Protocol verhandeld tussen een laag van € 0,1069 en een hoog van € 0,1135.