Not updated since Nov 2, 2026
CoW Protocol Price chart
Key stats
Performance
How the price moved over each period.
Supply
574.49M of 1.00B COW are in circulation.
- Circulating
- 574.49M
- Total supply
- 1.00B
- Max supply
- 1.00B
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 13.26% of market cap. Trades easily.
$49.50M market cap, rank #339. Bigger is harder to push around.
57% of the maximum supply circulates. Little dilution ahead.
94.7% below its all-time high of $2.22.
Largest recent swing: 4.49% a day. Moderate.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is CoW Protocol (COW)?
CoW Protocol is a decentralised trading protocol that gathers swap orders into batches and settles each batch together. It is run by CoW DAO, and COW is its governance token. The name stands for Coincidence of Wants, the idea that two traders may each want what the other holds, so they can be matched directly without paying a liquidity pool.
How CoW Protocol works
Instead of sending a transaction straight to the chain, a user signs an intent that states what they want to sell, what they want in return and a limit price. The protocol collects intents into a batch auction. Independent, bonded solvers then compete to find the best settlement, and the solver that produces the most surplus for the batch wins the right to execute it.
- Price protection: trades in the same direction within a batch clear at the same price, which makes transaction ordering irrelevant for sandwich attacks.
- Solvers: anyone with the skill can run one, and they are rewarded in COW for successful settlements.
- Governance: COW holders vote on CoW Improvement Proposals that shape the protocol and its treasury.
COW supply and token design
One billion COW were issued at launch. The initial allocation was 44.4% to the DAO treasury, 15% to the team, 10% each to GnosisDAO, a community airdrop, a community investment option and an investment round, and 0.6% to advisors. Team, advisor and investor tokens were issued as vCOW, which converts to COW one to one and unlocks linearly over four years.
Governance can enact inflation of up to 3% a year, no more than once every 365 days. Live circulating supply is shown in the market data on this page.
The Ethereum contract is 0xDEf1CA1fb7FBcDC777520aa7f396b4E015F497aB. Versions on Gnosis Chain, Arbitrum, Base, Polygon and BNB Chain are bridged copies, and CoW DAO states that it did not deploy them.
Official information is on cow.fi.
What to check before using COW
- COW is a governance token. Its value depends on protocol adoption and on the DAO's decisions, not on a claim over revenue.
- Treasury spending and any governance-approved inflation can add supply to the market over time.
- Competing trading venues and routing services can take volume away from batch-auction designs.
- Bridged COW tokens on other networks carry bridge risk, so use the canonical Ethereum token where possible.
- Solver quality and smart contract security affect trade execution, even though user funds stay in wallets until settlement.
CoW Protocol project profile
Token contracts
- Ethereum:
0xdef1ca…f497ab - BNB Chain:
0x5bfdaa…2595b0 - Base:
0xc694a9…6dae69 - Arbitrum One:
0xcb8b5c…c87a04 - Polygon:
0x2f4efd…d39958 - Xdai:
0x177127622c4a00f3d409b7…
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
CoW Protocol market analysis
With a market capitalisation of $49.50 million, CoW Protocol (COW) is classed as a micro-cap asset and ranks #339 of 402 cryptocurrencies with a reported market cap on CryptoWave, larger than about 15.7% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $6.56 million of COW changed hands, equal to 13.26% of its market cap, which puts its trading volume ahead of about 58.5% of tracked assets. That is an active level of turnover for an asset of this size. Its turnover ratio is higher than that of about 89% of tracked assets.
Price action: COW moved +4.49% in 24 hours and −6.91% over 7 days. It outperformed Bitcoin by 6.17 percentage points over 24 hours but underperformed it by 2.66 points over 7 days. Against the median tracked coin (ahead by 6.05 points on the day and behind by 2.02 points on the week), it has been a relative strength in recent sessions.
To overtake NVIDIA (bStocks Tokenized Stock) (NVDAB) just above it, CoW Protocol would need to grow its market cap by about 0.0%; it is 1.6% larger than Brazilian Digital (BRZ) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
CoW Protocol FAQ
What is CoW Protocol?
CoW Protocol is a decentralised trading protocol that batches orders and uses a competition between solvers to find the best settlement. It aims to protect traders from sandwich attacks.
What is the COW token used for?
COW is a governance token. Holders vote on protocol proposals, and solvers receive COW as compensation for successful settlements.
How many COW tokens are there?
One billion COW were issued at launch. Governance may enact inflation of up to 3% a year, and the live circulating supply is shown in the market data on this page.
What does CoW stand for?
CoW stands for Coincidence of Wants, where two traders each want what the other holds and can be matched without needing a liquidity pool.
Price history
| Date | Close | Change |
|---|---|---|
| 2026-11-03 | $0.1174 | 0.42% |
| 2026-11-02 | $0.1179 | 3.15% |
| 2026-11-01 | $0.1143 | 6.77% |
| 2026-10-31 | $0.1226 | 5.51% |
| 2026-10-30 | $0.1162 | 0.43% |
| 2026-10-29 | $0.1167 | 8.04% |
| 2026-10-28 | $0.1269 | 0.08% |
| 2026-10-27 | $0.1268 | 0.24% |
| 2026-10-26 | $0.1265 | 0.24% |
| 2026-10-25 | $0.1268 | 1.93% |
| 2026-10-24 | $0.1293 | 2.27% |
| 2026-10-23 | $0.1323 | 0.23% |
| 2026-10-22 | $0.1320 | 4.56% |
| 2026-10-21 | $0.1383 | 1.54% |
| 2026-10-20 | $0.1362 | 4.05% |
| 2026-10-19 | $0.1309 | 2.35% |
| 2026-10-18 | $0.1279 | 2.07% |
| 2026-10-17 | $0.1306 | 1.95% |
| 2026-10-16 | $0.1332 | 1.04% |
| 2026-10-15 | $0.1346 | 0.59% |
| 2026-10-14 | $0.1354 | 5.58% |
| 2026-10-13 | $0.1434 | 2.21% |
| 2026-10-12 | $0.1403 | 6.84% |
| 2026-10-11 | $0.1506 | 0.74% |
| 2026-10-10 | $0.1495 | 2.54% |
| 2026-10-09 | $0.1458 | 2.68% |
| 2026-10-08 | $0.1420 | 3.20% |
| 2026-10-07 | $0.1467 | 5.48% |
| 2026-10-06 | $0.1552 | 1.59% |
| 2026-10-05 | $0.1577 | 0.38% |
| 2026-10-04 | $0.1583 | 2.46% |
| 2026-10-03 | $0.1623 | 2.72% |
| 2026-10-02 | $0.1580 | 3.54% |
| 2026-10-01 | $0.1638 | 1.33% |
| 2026-09-30 | $0.1660 | 2.85% |
| 2026-09-29 | $0.1614 | 4.13% |
| 2026-09-28 | $0.1550 | 3.13% |
| 2026-09-27 | $0.1600 | 3.69% |
| 2026-09-26 | $0.1543 | 1.65% |
| 2026-09-25 | $0.1518 | 5.56% |
| 2026-09-24 | $0.1438 | 1.99% |
| 2026-09-23 | $0.1410 | 9.90% |
| 2026-09-22 | $0.1565 | 1.63% |
| 2026-09-21 | $0.1591 | 0.06% |
| 2026-09-20 | $0.1590 | 0.13% |
| 2026-09-19 | $0.1588 | 8.92% |
| 2026-09-18 | $0.1458 | 8.64% |
| 2026-09-17 | $0.1342 | 1.67% |
| 2026-09-16 | $0.1320 | 1.07% |
| 2026-09-15 | $0.1306 | 3.26% |
| 2026-09-14 | $0.1350 | 0.95% |
| 2026-09-13 | $0.1363 | 1.73% |
| 2026-09-12 | $0.1387 | 5.96% |
| 2026-09-11 | $0.1309 | 3.23% |
| 2026-09-10 | $0.1268 | 5.02% |
| 2026-09-09 | $0.1335 | 0.07% |
| 2026-09-08 | $0.1334 | 0.76% |
| 2026-09-07 | $0.1324 | 0.75% |
| 2026-09-06 | $0.1334 | 1.44% |
| 2026-09-05 | $0.1315 | 4.45% |