CoW Protocol: The project describes itself as a group of developers, market makers and community members who work together to protect people from risks in decentralized finance. Its pages make no dated promises we could check. It trades at $0.133, #328 of all coins by size, 94% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #3 of 8 mev protection coins. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: trading without a middleman
- ✓Real backingBacking: backed by Blockchain Capital; trades on Coinbase, Crypto.com, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Backed by Blockchain Capital
- Origin28 March 2022about about 4 yearscow.fi, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingBlockchain CapitalInvestor tags from CoinGeckoListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet1 headline last monthNo corrections needed so far
It is already worth more than the typical coin in MEV Protection ($13.86M). To match the leader, Gnosis ($300.72M), its price would need to rise 294%, to about $0.5237.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Only 1 headline named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Trading without a middleman
121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #23 of 121 by worth.
MEV Protection: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
CoW Protocol$76.4Mthis coin−4.9%57% outnone dated
Gnosis$300.72M3.9× bigger, +$224.32M−2.4%, gap +2.588% outnone dated
Railgun$121.1M1.6× bigger, +$44.7M−3.8%, gap +1.160% outnone dated
Verus$16.48M4.6× smaller, −$59.93M+4.0%, gap +8.997% outno record
HumidiFi$13.86M5.5× smaller, −$62.55M−4.2%, gap +0.723% outno record
Hashflow$5.39M14.2× smaller, −$71.01M−0.4%, gap +4.493% outno record
what the hook?$2.47M31.0× smaller, −$73.94M−16.0%, gap −11.2100% outno record
OrdoFi$866.45K88.2× smaller, −$75.54M−14.4%, gap −9.5100% outno record
MEV Protection: this coin next to Gnosis, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- CoW Protocol says
- The project describes itself as a group of developers, market makers and community members who work together to protect people from risks in decentralized finance.
- Gnosis says
- Gnosis offers an app where people use money created by individuals instead of banks, and the app also works with a Visa card.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
The project describes itself as a group of developers, market makers and community members who work together to protect people from risks in decentralized finance.
Its listing puts it this way: COW token allows its holders the right to govern and curate the infrastructure of the CoW Protocol ecosystem through the CowDAO. Additionally, COW token holders receive fee discounts when trading on CowSwap & some other perks.
Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 0% of that.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, KuCoin
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $2.22 on 28 March 2022. Today is 6% of that.
57%
of all COW that will ever exist is already out in public hands: 574.49M coins.
43% (425.51M coins) is already created but not in public hands, held by the project or locked in escrow. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Perks on its own exchange
Fee discounts and access on the exchange that issued it. Its demand follows that exchange.
- Fee discounts and access on the exchange that issued it
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 574.49M of 1B.
- 425.51Mcoins still to be released, 43% of the maximum. Releases can add selling pressure.
- 1.7×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $2.22 on 28 March 2022. That is −94.0% from the top.
- #328by market cap, $76,403,811.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
1 headline named this coin in the last month.
What they were about
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
The project describes itself as a group of developers, market makers and community members who work together to protect people from risks in decentralized finance.
“CoW DAO is an open collective of developers, market makers, and community contributors on a mission to protect users from the dangers of DeFi.”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20, and 1 more.No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 13 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.