CoW Protocol fundamentals

[tt_admin]

A space to discuss the fundamentals of ‘CoW Protocol’.

Link to the dashboard: CoW Protocol (COW) - Key metrics | Dashboard | Token Terminal

[tt_bobby]

Token Terminal <> CoW Protocol | Monthly data update (March 2023)

Chains tracked: Ethereum

Methodology:

• Trading volume: Total trading volume on CoW Protocol
• Fees: Total trading fees paid by traders
• Supply-side fees: Share of trading fees that go to supply-side participants
• Revenue: Share of trading fees that goes to the protocol
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct traders and solvers
• Active developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (March 2023):

• Trading volume: $1.88B
• Fees: $696.72k
• Supply-side fees: $0
• Revenue: $696.72k
• Token incentives: missing
• Earnings: $696.72k
• Treasury (monthly average): $46.60M
• Daily active users (monthly average): 727.71
• Active developers (monthly average): 23.94
• Code commits: 639.00

[gentrexha]

Thank you, Token Terminal, we have reviewed the monthly data update, and the values align with our benchmarks.

[tt_bobby]

Token Terminal <> CoW Protocol | Monthly data update (April 2023)

Chains tracked: Ethereum

Methodology:

• Trading volume: Total trading volume on CoW Protocol
• Fees: Total trading fees paid by traders
• Supply-side fees: Share of trading fees that go to supply-side participants
• Revenue: Share of trading fees that goes to the protocol
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct Solvers and Traders
• Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (April 2023):

• Trading volume: $954.09m
• Fees: $647.48k
• Supply-side fees: $0
• Revenue: $647.48k
• Token incentives: missing
• Earnings: $647.48k
• Treasury (monthly average): $40.08m
• Daily active users (monthly average): 618
• Core developers (monthly average): 21
• Code commits: 665

[gentrexha]

Thank you, Token Terminal, we have reviewed the monthly data update, and the values align with our benchmarks.

[tt_nelson]

Token Terminal <> CoW Protocol | Monthly data update (May 2023)

Chains tracked: Ethereum

Methodology:

• Trading volume: Total trading volume on CoW Protocol
• Fees: Total trading fees paid by traders
• Supply-side fees: Share of trading fees that go to supply-side participants
• Revenue: Share of trading fees that goes to the protocol (COW holders)
• Token incentives: Total solver rewards paid to solvers (missing data from 3rd of May 2022 onwards).
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct Solvers and Traders
• Weekly active users: Monthly average number of weekly distinct Solvers and Traders
• Monthly active users: Monthly average number of monthly distinct Solvers and Traders
• Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (May 2023):

• Trading volume: $748.88m
• Fees: $1.23m
• Supply-side fees: $0
• Revenue: $1.23m
• Token incentives: Missing
• Earnings: $1.23m
• Treasury (monthly average): $34.57m
• Daily active users (monthly average): 625
• Weekly active users (monthly average): 2.97k
• Monthly active users (monthly average): 9.38k
• Core developers (monthly average): 23
• Code commits: 686
  
  

[gentrexha]

Thank you, Token Terminal, we have reviewed the monthly data update, and the values align with our benchmarks.