cowswap31
$cow
MCAP141.66M
+12.38%

what's cowswap?

CoW Swap is an intent-based DEX aggregator on Ethereum and beyond, using batch auctions and peer-to-peer matching to deliver optimal swap prices while protecting users from MEV attacks and slippage. Powered by the CoW Protocol, it enables gasless orders settled by solvers, fostering a secure, efficient trading environment. The platform emphasizes user protection through coincidence-of-wants (CoW) mechanisms, reducing fees and risks in DeFi.

Snapshot

Cowswap launched on Plasma Network, a stablecoin-native L1 blockchain for real-world payments.

contract

ethereum

xdai

base

polygon-pos

arbitrum-one

1D ago
TECH EVENT

Launched on Plasma Network, a stablecoin-native L1 blockchain for real-world payments.

4D ago
MARKET ACTIVITY

Listed on Upbit exchange in 2025.

5D ago
PARTNERSHIP

Collaborated with Morpho during 2025.

6D ago
TECH EVENT

Implemented FCBAs (Frequent Batch Auctions) for fairer execution and better prices in 2025.

1W ago
ONCHAIN METRICS

Processed $87 billion in total trading volume during 2025, more than double the 2024 total.

3W ago
ONCHAIN METRICS

Reached trading volume in 45 days equivalent to Polymarket's lifetime volume as of December 2025.

1M ago
ONCHAIN METRICS

Gnosis Protocol v1 (predecessor to CoWSwap) retains approximately $1.4 million in deposited funds in its contract.

Aave founder Stani Kulechov responds that Aave Labs is entitled to monetize its frontend and earlier revenue sharing was voluntary, while analysis shows ~$200K/week in fees now flow to a separate address instead of the Aave DAO. Concerns expand beyond the CoWSwap integration to other Aave Labs products including vaults, Horizon, and the planned v4 liquidation engine.

Octav integrates CoWSwap directly into its platform, allowing users to access swap functionality without switching tabs.

Aave Labs receives a grant payment for implementing the CowSwap integration on their platform.

CoWSwap's newest budget proposal gets rejected with Gnosis voting no, potentially triggering organizational reform.

Aave Chan Initiative accuses Aave Labs of diverting DAO revenues and privatizing protocol economics, demanding clarity on the CowSwap integration and vault fees. The accusations escalate the previously reported revenue distribution issue into a formal governance dispute.

Following integration, Aave implements 15-25 bps fees on swaps, but the generated revenues do not benefit Aave DAO.

Integration with RiftDex goes live, allowing users to on/off ramp BTC through CoW Swap with up to 52% reduced fees.

CoWSwap integration goes live on ShapeShift, enabling MEV-protected trading portals on the platform.

Liquidity for Ondo Finance RWA tokens on Ethereum improves dramatically, enabling $100k trades with essentially no slippage.

The project announces remote hiring for two positions: Research Team Lead and Senior Front-end Engineer.

Hiring for a Research Team Lead role on a remote basis.

The core team requests $34 million in USDC and COW tokens for 2026 operations.

Among the top advertisers on Base's advertising model, which has generated $57K in total revenue so far.

Hiring for a Senior Front-end Engineer role on a remote basis.

Aave deepens integration with CoW Protocol, bringing MEV-protected swaps and intent-based flash loans to the Aave ecosystem. CoW Protocol now powers swap, collateral rebalancing, and debt repayment functions on Aave.

The protocol goes live on Linea L2, enabling gas-free trading and advanced order functionality powered by the solver network.

The protocol adds NEAR Protocol Intents as one of its main cross-chain providers for seamless execution across intent-based systems.

The protocol achieved $9.7B in trading volume on Ethereum in November.

CoWSwap is hiring a Senior Front-end Engineer for a remote position.

Partial approvals for market orders are now live, allowing users to approve only the exact amount needed for trades instead of maximum approvals.

P/S ratio stands at 3.37 per DeFiLlama data, placing the protocol in mid-range valuation compared to other DeFi platforms including Hyperliquid, Jupiter, and ORE.

GnosisDAO community has an active proposal to terminate treasury manager kpk due to poor performance, excessively high management fees, and lack of transparency, with the DAO treasury standing at approximately $300M excluding GNO tokens.

Limit orders now display estimated fill price before commitment, providing users with clear price expectations upfront.

CoW DAO team member Anna M. George speaks at Aave's DeFi Day Del Sur event about developments in DeFi.

Co-Founder Anna George presents at Ethereum Day on "Making DeFi Truly Cross-Chain," sharing the vision to create one single auction that unifies liquidity orders across all different networks.

Gnosis unifies its products (Pay, Chain, Personal, Business) with CoW Swap and Safe as foundational infrastructure powering the ecosystem.

2M ago

CoW Swap is hiring a Senior Backend Engineer focused on Solana development.

Partial approvals for market orders go live, allowing users to approve only the specific amount needed for swaps and permits instead of maximum approvals.

CIP-74 governance proposal is live for voting, proposing updates to solver rewards mechanism.

ShapeShift now uses CoW Swap to power limit orders on its platform.

CoW Swap now supports trading across 8 blockchain networks: Ethereum, Gnosis, BNB, Lens, Avalanche, Polygon, Arbitrum, and Base.

CoW Protocol records over $10 billion in mainnet volume for the third consecutive month.

CoW Swap now leads in trading volume, overtaking previous leaders Uniswap and 1inch.

CoW Swap now powers limit orders on Aave, the world's largest decentralized crypto lending platform.

The platform freezes two liquidity pools (EURe/sDAI and GNO/osGNO) and partially halts Gnosis Chain bridging in response to a Balancer v2 exploit, with trading still available via UniV3 pools.

CoW AMM confirms users are not impacted by reports of a Balancer v2 pools exploit, stating their implementation of Balancer's technology is isolated and secure.

The platform is proposed as the execution venue for Chainlink buybacks due to MEV protection and surplus benefits, with previous buyback services confirmed for Rollbit.

The platform opens a Senior Backend Engineer position focused on Solana development for remote hiring.

CoW Swap launches on BNB Chain, expanding its DEX operations to the BNB ecosystem.

Three RFPs launch to upgrade the CoW Protocol Playground, the testing ground for solver teams, eliminating expensive archive node requirements and enabling local development power, with a November 17 application deadline.

The platform releases an updated user interface featuring dark mode.

CoW DAO is hiring a DevOps Engineer for a full-time remote contract position.

CoW Swap launches a new auto-slippage feature that automatically optimizes slippage settings to maximize price and execution chances for traders.

The platform is present on Base chain as a DEX aggregator, where the aggregator market represents less than 5% of total DEX volume.

The protocol captures 8.2% of the $42B aggregator volume across all chains in October, positioning it as the third-largest DEX aggregator behind Jupiter (53.6%) and 1inch (11.9%).

Hiring for DevOps Engineer role and Senior Backend Engineer (Solana) role.

The platform has processed $105B in stablecoin trading volume.

Buyback engine purchased 2.95M $COW in September, with cumulative buybacks (36.15M) surpassing total solver emissions (32.97M).

CoW Swap launches on BNB Chain, bringing MEV protection, solver competition, and gasless trades to the ecosystem.

The project is hiring for two additional remote positions: DevOps Engineer and Senior Backend Engineer focused on Solana development.

3M ago

A limit order executed on the platform captured an extra $15,879 in value during a Friday price spike, demonstrating the solver competition mechanism delivering surplus returns to traders.

CoWSwap serves as a liquidation execution venue for Fluid protocol, where liquidations are executed as normal swaps alongside Kyber Network.

During a recent flash crash where MEV bots extracted millions across DEXs, platform users paid zero to MEV, demonstrating the effectiveness of MEV protection during extreme market volatility.

The project is hiring a Senior Frontend Engineer for a remote position, indicating team expansion and continued development efforts.

Platform achieves $11.2 billion in aggregate volume on Ethereum during September 2025, marking its second highest monthly performance in history.

The Ethereum Foundation plans to convert 1,000 ETH into stablecoins using the platform's TWAP feature to fund R&D, grants, and donations, demonstrating significant institutional adoption and validation of the infrastructure.

Limit orders go live on Aave's swap feature powered by CoWSwap, currently supported on Arbitrum with additional networks planned for future rollout.

Platform launches on BNB Chain with gasless trading, MEV protection, and better prices, enabling users to trade without holding BNB tokens for gas fees.

A whale purchased $11 million of $WLFI on Uniswap and subsequently moved the entire amount through the platform in $500k increments, demonstrating usage by sophisticated traders for large-scale transaction management.

CoW DAO team member @anuj_bansal_ speaks at ETHGlobal New Delhi event on scaling RPC requests cost-effectively.

Major SDK v7 release goes live featuring Viem migration, new EIP support, and significant performance improvements with 32% smaller bundle size.

Hiring for Senior Frontend Engineer role indicates expansion into frontend development capabilities alongside continued Solana backend engineering recruitment.

The project is actively hiring a remote Backend Engineer with Solana expertise, indicating potential expansion into Solana ecosystem development.

4M ago

ShapeShift mobile now supports limit orders through integration with the protocol.

Hiring for Backend Engineer role focused on Solana blockchain development, indicating potential expansion to Solana ecosystem.

New integration goes live on Lens Chain network.

Protocol achieves new ATH with $11.5B August volume on Ethereum, up 26.4% from July's $9.1B.

New limit order feature displays estimated fill prices before trade execution.

Treasury executes 30M token buyback since April 2024.

New integration enables direct top-ups for Gnosis Pay cards through the protocol.

Active phishing attempt detected using fake URLs that auto-generate unauthorized transactions. Users advised to use bookmarks and verify URLs.

Remote hiring expansion launches for technical and business leadership roles, including specialized Rust development position.

5M ago

Monthly volume reaches new all-time high of $9B in July

New Bungee Exchange integration enables single-step cross-chain transfers with optimized execution

New YO integration enables zero-slippage zaps across yield vaults.

New Bungee integration enables cross-chain swaps at 0.8 USD, significantly undercutting competitors, while expanding to Sei Network, Plume Network, Hyperliquid, and Katana chains.

New governance proposal CIP-71 seeks to appoint Leeward Supervisors Limited as CoW Foundation supervisor for streamlined operations.

Protocol reaches 60 million MEV-free transactions milestone.

New 30M stablecoin swap executed, including 16.6M through Curve 3pool and 2M via strategic reserves.

New integration launches on Avalanche network.

Strategic expansion with new Business Development and Senior Rust Engineering roles.

New integration enables direct token swaps within Aave app interface.