COW (CoW Protocol) rose 25.55% in 24 hours

Gate News Bot news, on July 16, according to CoinMarketCap data, COW (CoW Protocol) is currently priced at 0.45 USD, with a rise of 25.55% in the last 24 hours, reaching a high of 0.45 USD and a low of 0.31 USD. The current market capitalization is approximately 221 million USD, an increase of 45.1 million USD compared to yesterday.

Important recent news about COW:

1️⃣ DEX aggregator market share significantly rises COW Swap, as a decentralized exchange ( DEX ) aggregator, has seen its market share surge to 26%, challenging 1inch's dominance in the DEX aggregator space. This significant rise reflects user recognition of COW Swap's services and may be one of the key factors driving the rise in COW token prices.

2️⃣ New feature launched to enhance trading efficiency COW Swap recently launched collaborative features and more reward mechanisms, aiming to increase trading efficiency by 33%. These improvements are expected to attract more traders to use the COW Swap platform, thereby increasing the demand for COW token.

3️⃣ MEV protection mechanism has attracted attention The MEV (Maximum Extractable Value) protection mechanism of the COW Protocol has attracted widespread attention in the market. This mechanism effectively protects users from adverse effects such as sandwich attacks, enhancing the security and fairness of the platform, and may be another important factor in attracting users and investors.

From a technical perspective, the price of COW token has broken through previous resistance levels, showing strong pump momentum. However, investors still need to closely monitor the overall market trend and potential pullback risks.

This message does not constitute investment advice, and investments should be made with caution regarding market volatility risks.