COW Swap: a New DeFi Star Rises Amidst Crypto Market Boom

COW Swap, which recently experienced a massive single-day increase of up to 204%, is a DeFi track leader. It’s important to note, however, that COW Swap is not necessarily Vitalik Buterin’s favorite, as some may assume from his previous memes using cow-related images. COW Swap is a DEX aggregation protocol deployed on Ethereum and Gnosis, offering multiple features such as exchange protocols, batch transactions (Batch Auctions), trade intents (Trade Intents), and protection against MEV (Maximum Extractable Value). MEV bots constantly scan the Ethereum network for users planning to purchase tokens, subsequently placing large orders before them and artificially inflating prices. These MEV bots can lead to a decline in user experience and poor order execution. COW Swap’s significant advantage lies in its provision of comprehensive MEV protection for each order, preventing the attacks that are hard to avoid on most major DEXs. By introducing unified clearing price batch, entrusted transaction execution, and demand coincidence, COW Swap builds a robust defense system for users. It cleverly takes advantage of the “coincidence of demand” principle by matching orders peer-to-peer, bypassing on-chain liquidity and eliminating MEV attack possibilities. This innovative trading method not only improves efficiency but also provides users with a secure and fair trading environment. COW tokens, with a total supply of 1 billion, are the governance tokens of the Cow Protocol, accounting for 9.02% of the total token supply with a market value of $142 million. Holders can participate in governance, receive rewards, and contribute to the allocation of costs within the ecosystem. The innovation and practical solutions offered by COW Swap are attracting attention and positive market sentiment. With strong growth momentum and increasing market share, COW Swap’s market value is expected to increase significantly as it continues to expand its influence and enhance its ecosystem. Source

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