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COW Protocol provides important innovations such as batch trading, intent trading, and MEV protection to address the MEV (Maximum Extractable Value) problem in DEX. In addition, COWholders can participate in the protocol's governance, which is a key advantage of Decentralization governance that enhances community participation.
Despite the narrowing gap in market share between COW coin and industry leader 1inch, its market value is currently less than half of its competitors'. This indicates that the market may not fully recognize the potential of COW coin, and the difference in market value may trigger discussions about the undervaluation of COW coin.
The soaring trading volume, the continuously increasing active addresses, and the significant price rise together depict the optimistic prospects of CoW Protocol.
Ongoing activities indicate that market participants are optimistic about its long-term potential.
If the trading volume remains stable and the number of daily active addresses continues to grow, CoW Protocol may hit a new all-time high by the end of December 2024.
Market observers will closely monitor these indicators to identify signs of continued upward momentum or potential reversal in the coming days.