DeFi · rank #335

CoW Protocol COW

$0.1323-0.9% 1d+8.1% 7d+23.6% 30d

Watch mixed

  • Monthly: forming bar is a green inside bar. Last confirmed swing low 0.2397 (Jun 2025), month 15 of a cycle that has typically run 4. Current low 0.0992 is unconfirmed — it confirms above 0.1939.
  • Weekly: forming bar is a red inside bar. Last confirmed swing low 0.1249 (Jun 2026), week 14 of a cycle that has typically run 5. Current low 0.0992 is unconfirmed — it confirms above 0.1939. Cycle-low confidence 69%.
  • Daily: bar is a red inside bar. Last confirmed swing low 0.1241 (2026-09-05), day 2 of a cycle that has typically run 5. Cycle-low confidence 8%.
  • Watch: 65% below the 2025-09-13 high; +33% off the 365-day low.
  • Gauges: Mayer multiple 0.79 (cheap); -89% from the all-time high.
Last 18 months, log scale
0.10130.34281.162024-092025-092026-09high 0.3797low 0.0992

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 1

Last bars
2Dr 2Dr 2Dr 3g 1g
Confirmed low
$0.2397 · 2025-06-30
Position
15 of median 4.0 (max 6)
Current low
$0.0992 · unconfirmed
Confirms above
$0.1939
Cycle-low odds
Confirmed lows
3

Weekly 1

Last bars
3g 1g 2Ur 2Ug 1r
Confirmed low
$0.1249 · 2026-06-07
Position
14 of median 5 (max 13)
Current low
$0.0992 · unconfirmed
Confirms above
$0.1939
Cycle-low odds
69% · in band
Confirmed lows
16

Daily 1

Last bars
2Ug 2Dr 2Dg 2Ug 1r
Confirmed low
$0.1241 · 2026-09-05 (daily)
Position
2 of median 5.0 (max 22)
Current low
$0.1241 · confirmed
Cycle-low odds
8%
Confirmed lows
121

Fundamentals

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx
Health60 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
4.35 %12.8 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.74 x9.4 / 15
Size (market-cap rank)
survivorship
335 #0 / 15
Usage (price / annualized fees)
fees people actually pay to use it (DefiLlama)
4.3 x20.0 / 20
Fee momentum (30d vs prior 30d)
is usage growing into the recovery
-7.3 %4.3 / 10
Age on Coinbase
survived a cycle
2.0 yrs4.1 / 10
tvlcould not look — no source data

6 of 7 measurable; score renormalized over what was measurable.

Market cap
$75.9M
Fully diluted
$132.1M
24h volume
$3.3M
Circulating
574,488,169 of 1,000,000,000 max
All-time high
$2.22 · 2022-03-28 (-94.0%)
TVL
$0 (protocol)
Fees 30d
$1.4M
Revenue 30d
$949.6K
Fees 1y
$39.1M
Mayer multiple
0.793 · cheap
Pi cycle
0.361
On Coinbase since
2024-09-24 (714 bars)
CoinGecko id
cow-protocol