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CoW Protocol COW |
BUY
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€0.1578906 |
-0.79% (24h) |
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Marketcap |
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€89,314,572 |
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Volume 24h |
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€4,842,676 |
Description
CoW Protocol is a decentralized exchange (DEX) aggregation platform designed to offer users the best trading prices by aggregating liquidity from multiple sources.
It uses a unique mechanism called "Coincidence of Wants" (CoW) to match traders who are willing to exchange assets directly with one another, minimizing the need for third-party market makers.
By utilizing this mechanism, CoW Protocol aims to reduce slippage, improve price efficiency, and lower transaction costs.
The protocol operates without requiring users to rely on centralized exchanges, providing them with greater control over their assets.
CoW Protocol’s native token, COW, plays a vital role in governance, liquidity incentives, and the overall functioning of the platform, making it a significant player in the decentralized finance (DeFi) space.