Trading Activity on CowSwap Heats UpJan 12, 2022
Trading volume on another CowSwap has seen a notable increase over the last few months. So far, January is on track to see double the volume from December.
This increased trading volume could be attributed partly to plans to launch a COW token for the protocol, with a portion of the token supply reserved for early adopters. Users may be wash trading for eligibility in the airdrop.
CowSwap is a meta-aggregator that combines DEX aggregation with batch auctions via “Coincidence-of-Wants” (CoWs). Initially, it was a spin-off from Gnosis, but the team recently rebranded from Gnosis Protocol to Cow Protocol.