Ask about CoWSwap · freeKey Metrics
Fees 30d$1.73m
Fees 30d by chain
Ethereum$1.41m
BSC$101,937
Base$94,959
Arbitrum$77,232
Polygon$28,145
Avalanche$11,337
Gnosis$3,282
Fees 7d$372,269
Ethereum$310,402
BSC$20,265
Arbitrum$16,569
Base$16,500
Polygon$5,016
Avalanche$3,174
Gnosis$343
Fees 24h$85,121
Ethereum$73,576
Arbitrum$4,012
Base$3,400
BSC$3,073
Polygon$906
Gnosis$81
Avalanche$73
Cumulative Fees$70.95m
Ethereum$62.79m
Base$3.45m
Arbitrum$2.59m
BSC$1.03m
Polygon$496,661
Avalanche$298,652
Gnosis$287,218
Revenue 30d$999,235
Revenue 30d by chain
Ethereum$844,880
BSC$56,617
Base$53,366
Arbitrum$27,562
Polygon$11,117
Avalanche$3,396
Gnosis$2,297
Revenue 7d$235,283
Ethereum$206,806
BSC$10,547
Base$9,096
Arbitrum$5,434
Polygon$2,305
Avalanche$889
Gnosis$206
Revenue 24h$61,499
Ethereum$56,289
BSC$1,946
Base$1,720
Arbitrum$1,253
Polygon$234
Gnosis$33
Avalanche$24
Cumulative Revenue$47.75m
Ethereum$43.18m
Base$2.28m
Arbitrum$1.28m
BSC$518,906
Gnosis$212,069
Polygon$147,813
Avalanche$130,417
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)$23.27m
Earnings 30d$999,235
Earnings 7d$235,283
Earnings 24h$61,499
Cumulative Earnings$42.35m
DEX Aggregator Volume 30d$3.026b
DEX Aggregator Volume 7d$605.66m
DEX Aggregator Volume 24h$81.4m
Cumulative DEX Aggregator Volume$186.08b
Market Cap$76.67m
$COW Price$0.13
Fully Diluted Valuation$133.45m
Outstanding FDV$80.61m
$COW Volume 24h$1.7m
CEX Volume$971,700
DEX Volume$774,905(45.46% 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
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
CoWSwap history
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $2.24m | $1.76m | $0 |
| 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 (to date) | $1.29m | $748,489 | $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 $1.73m in fees. Of that, $999,235 was protocol revenue. Based on the trailing year, the annualized rate is $37.51m in fees and $23.27m in revenue.
What is the COW token price and valuation?
COW is currently trading at $0.13. Its circulating market capitalization is $76.2m, ranking it #453. Its fully diluted valuation is $132.63m. Supply currently stands at 574.49m circulating, 1b total supply, 1b maximum supply.
How has COW performed recently?
COW is up 1.7% over the past 7 days and down 6% over the past 30 days. Its all-time high is $2.22, reached on Mar 28, 2022. The token is currently 94% 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 $5.32m across 205 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.