CoW Protocol
COWIntent-based batch auction trading protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.91% | 0.79% | 6.16% | 21.13% | 5.87% | 4.11% |
Revenue & Burn
Protocol income
$899.06KBuyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $899.06K | $0 | -- | 0.0% |
| Sep 2026 | $1.2M | $0 | -- | 0.0% |
| Aug 2026 | $1.09M | $0 | -- | 0.0% |
| Jul 2026 | $838.08K | $0 | -- | 0.0% |
| Jun 2026 | $1.75M | $0 | -- | 0.0% |
| May 2026 | $1M | $0 | -- | 0.0% |
Comparison
Tokenomics
Unlock Progress
Data source: CoinGecko
On-chain Holding
| Holding Token | Price | Amount | Total Value |
|---|---|---|---|
| No Data | |||
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| CoW Protocol: CoW DAO Safe (e662) |   COW | 357,338,385.71 | 35.73% | $45.11M |
| CoW Protocol: vCOW Token (8048) | COW | 134,112,709.12 | 13.41% | $16.93M |
| 0x458c...5e6f | COW | 49,017,556.58 | 4.9% | $6.18M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | COW/USDT | $0.1919 | $2,211 | $4,214 | $880,773 | 62.02% |
| 2 | PPhemexCEX | COW/USDT | $0.1922 | $4,231 | $5,184 | $284,664 | 20.04% |
| 3 | UUpbitCEX | COW/KRW | $0.1926 | $12,870 | $20,820 | $188,140 | 13.25% |
| 4 | COW/USD | $0.1919 | $37,709 | $60,364 | $151,083 | 10.64% | |
| 5 | BBingXCEX | COW/USDT | $0.1916 | $50,642 | $102,543 | $101,680 | 7.16% |
| 6 | COW/WETH | $0.1905 | $13,504 | $13,463 | $39,927 | 2.81% | |
| 7 | BBitgetCEX | COW/USDT | $0.1922 | $55,009 | $64,428 | $39,368 | 2.77% |
| 8 | BBithumbCEX | COW/KRW | $0.194 | $9,392 | $6,286 | $35,427 | 2.49% |
| 9 | COW/WETH | $0.1914 | $5,341 | $5,325 | $8,194 | 0.58% | |
| 10 | COW/WETH | $0.1913 | $2,826 | $2,818 | $7,064 | 0.50% |
Follow Updates
Follow Lists
People
About CoW Protocol
Bullish: Cumulative buybacks of 78.6M COW exceeded solver emissions by 120%, achieving net deflation of ~12M. May 2026 proposal: 1:1 burn from DAO Safe for each token emitted (trial until Dec 2026, targeting 60-85M removal) plus flexible buyback framework (up to 100% of weekly revenue under conditions). Annualized protocol revenue $25.67M, real earnings backing. CIP-87 penalty cap redesign passed in August.
Bearish: Revenue not directly distributed to COW holders (no staking dividends). Derivatives liquidity extremely thin (OI ~$1.2M, 24h volume ~$0.62M). DAO Treasury holds 35.7% of supply, governance spending uncertainty. Price still -95% from ATH.
Anna George
Co-Founder & CEO at CoW Protocol. Previously Senior Product Manager at Gnosis; CoW Protocol incubated within Gnosis before spinning out as an independent project. She is also BD at Gnosis and Regional Manager for Asia Pacific. Earlier, she was a Data Analyst at the United Nations.