$COW CoW Protocol groups trades together to match buyers and sellers directly
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Coin Price: $0.1284 • 10/18/26
CoW Protocol (COW) finds crypto trading prices across exchanges and uses part of its fees to buy its governance token.
Its September 30 upgrade lets ordinary wallets split one trade into smaller orders over time, previously limited to wallets requiring multiple signatures. September activity reached $3.5 billion across approximately 613,000 trades. Fee-funded purchases offset rewards paid to trade-execution providers; bought tokens remain available for reuse rather than being burned.
At approximately $74 million market cap, COW could benefit if wider access sustains fees and token purchases. Reported fully diluted valuation, based on the wider supply, is approximately $129 million. October order activity and weekly purchases offer coming-weeks tests. Treasury and team distributions, weaker trading and website attacks or contract failures remain risks.
Opinion: COW could offer a potentially undervalued crypto-trading opportunity if its wider order access sustains October fees and token demand despite treasury releases and security risks.
Daily prices (UTC) · through Oct 18, 2026 · CoinGecko
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$COW CoW Protocol groups trades together to match buyers and sellers directly