$ 0.1980
11 min ago
(1.90%)
CoW Protocol matches trades via batch auctions for a variety of on-chain liquidity sources.
Trades can be settled via underlying on-chain AMMs directly or via DEX Aggregators, depending on which pool/path offers the best price. It is thus essentially acting as a DexAggregator of the DexAggregators.
In addition to that, before finding the best price for a trade from available on-chain liquidity, Cow Protocol first seeks a coincidence of wants within the existing batch to offer an even better price than any pool can.
Try our free CoW Protocol (COW) portfolio tracker if you want to efficiently keep track of your COW and other coin/token investments.