Ask about CoWSwap · freeKey Metrics
Fees 30d$1.98m
Fees 30d by chain
Ethereum$1.69m
Arbitrum$88,077
BSC$87,413
Base$84,897
Polygon$18,759
Avalanche$8,335
Gnosis$1,601
Fees 7d$514,529
Ethereum$447,326
Base$22,569
Arbitrum$22,099
BSC$18,305
Polygon$2,923
Avalanche$891
Gnosis$416
Fees 24h$55,460
Ethereum$46,065
Base$3,832
BSC$2,929
Arbitrum$2,131
Polygon$303
Avalanche$121
Gnosis$79
Cumulative Fees$72.27m
Ethereum$63.94m
Base$3.51m
Arbitrum$2.65m
BSC$1.08m
Polygon$505,123
Avalanche$302,182
Gnosis$288,171
Revenue 30d$1.26m
Revenue 30d by chain
Ethereum$1.13m
Base$49,971
BSC$41,832
Arbitrum$29,945
Polygon$7,064
Avalanche$2,751
Gnosis$1,141
Revenue 7d$297,333
Ethereum$267,380
Base$14,893
Arbitrum$6,871
BSC$6,564
Polygon$967
Gnosis$343
Avalanche$315
Revenue 24h$41,726
Ethereum$37,118
Base$2,352
BSC$1,140
Arbitrum$865
Polygon$114
Gnosis$78
Avalanche$59
Cumulative Revenue$48.61m
Ethereum$43.96m
Base$2.32m
Arbitrum$1.3m
BSC$539,066
Gnosis$212,770
Polygon$150,592
Avalanche$131,874
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Polygon$0
Holders Revenue 7d$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Polygon$0
Holders Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Polygon$0
Cumulative Holders Revenue$0
Arbitrum$0
Avalanche$0
Base$0
BSC$0
Ethereum$0
Gnosis$0
Polygon$0
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$5.4m
Earnings (Annualized)$19.36m
Earnings 30d$1.26m
Earnings 7d$297,333
Earnings 24h$41,726
Cumulative Earnings$43.21m
DEX Aggregator Volume 30d$3.192b
DEX Aggregator Volume 7d$880.89m
DEX Aggregator Volume 24h$198.72m
Cumulative DEX Aggregator Volume$188.073b
Market Cap$61.29m
$COW Price$0.11
Fully Diluted Valuation$106.69m
Outstanding FDV$64.47m
$COW Volume 24h$2.07m
CEX Volume$1.7m
DEX Volume$699,254(33.8% of total)
Total Raised$23m
Mar 30, 2022$23mRound:
Nov 5, 2024Round: Investors: Greenfield Capital
Protocol Information
CoW Swap finds the lowest prices across all exchanges and aggregators & saves you more by matching Coincidences of Wants (CoWs) and protecting from MEV
Methodology
Fees: Swap fees from the sell token: protocol fees (50% surplus + 2bps volume), partner fees, and MEV Blocker feesView code on GitHubRevenue: CoW DAO share: protocol fees, ~25% partner service fee, and 50% of MEV Blocker fees/sale proceedsView code on GitHubHolders Revenue: No revenue to COW token holdersView code on GitHubDEX Aggregator Volume: Volume of all spot token swaps routed through the DEX aggregatorView code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Feb 7, 2023
Amount: $180,000
Classification: Access Control
Technique: Arbitrary External Call
On February 7, 2023, CoW Swap was exploited through a vulnerability in the SwapGuard contract which permitted arbitrary external calls. The attacker forced the GPv2Settlement contract to approve a malicious contract and transferred DAI tokens worth approximately $180K from the settlement contract.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
CoWSwap history
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $2.6m | $2.05m | $0 |
| Jan 2025 | $2.48m | $1.99m | $0 |
| Feb 2025 | $1.88m | $1.49m | $0 |
| Mar 2025 | $1.83m | $1.4m | $0 |
| Apr 2025 | $1.33m | $1.06m | $0 |
| May 2025 | $1.33m | $1.08m | $0 |
| Jun 2025 | $1.39m | $1m | $0 |
| Jul 2025 | $2.43m | $1.75m | $0 |
| Aug 2025 | $2.94m | $1.98m | $0 |
| Sep 2025 | $3.06m | $1.68m | $0 |
| Oct 2025 | $3.42m | $2.21m | $0 |
| Nov 2025 | $10.49m | $5.85m | $0 |
| Dec 2025 | $3.73m | $2.33m | $0 |
| Jan 2026 | $3.43m | $2.29m | $0 |
| Feb 2026 | $4.12m | $2.73m | $0 |
| Mar 2026 | $2.29m | $1.61m | $0 |
| Apr 2026 | $2.09m | $1.41m | $0 |
| May 2026 | $1.45m | $1.01m | $0 |
| Jun 2026 | $2.61m | $1.76m | $0 |
| Jul 2026 | $1.7m | $838,081 | $0 |
| Aug 2026 | $1.69m | $1.09m | $0 |
| Sep 2026 | $1.98m | $1.21m | $0 |
| Oct 2026 | $2.07m | $1.29m | $0 |
| Nov 2026 (to date) | $540,199 | $314,030 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/cowswap
Frequently asked questions
What chains does CoWSwap operate on?
CoWSwap operates on 8 chains: Ethereum, Gnosis, Arbitrum, Base, and Polygon and 3 others.
How much has CoWSwap generated in fees and revenue?
Over the past 30 days, CoWSwap generated $1.98m in fees. Of that, $1.26m was protocol revenue. Based on the trailing year, the annualized rate is $30.01m in fees and $19.36m in revenue.
What is the COW token price and valuation?
COW is currently trading at $0.11. Its circulating market capitalization is $61.29m, ranking it #514. Its fully diluted valuation is $106.69m. Supply currently stands at 574.49m circulating, 1b total supply, 1b maximum supply.
How has COW performed recently?
COW is down 9.6% over the past 7 days and down 28.6% over the past 30 days. Its all-time high is $2.22, reached on Mar 28, 2022. The token is currently 95.2% below that level.
How does CoWSwap's TVL compare to similar protocols?
Among DEX Aggregator protocols tracked by DefiLlama, CoWSwap ranks #19 by TVL. The category holds $4.94m across 209 protocols, and CoWSwap accounts for 0% of that total. Similar protocols include Hashflow, De1, OmniBazaar, 1inch Swap, Firebird, DropSwap, Velora, Rubic, Unizen, and Houdini Swap.
Has CoWSwap ever been exploited?
CoWSwap has 1 recorded security incident. The most recent incident occurred on Feb 7, 2023 and involved $180,000. It was classified as Access Control.