• For the month of June, the CoW Protocol has handled a volume of $1.5 B, with the total amount of surplus generated for that month being $6,362,573.29.
• In terms of Governance, CowDAO executed 3 CIPS, (1) creating a subDAO, the CoW Grants Program, (2) executed an update on the Solvers rewards, and lastly, (3) ignited the renewal of the liquidity incentive program
• In regard to exciting news, CoW Protocol got selected as a Safe Guardian, shared opinions with the Element Finance team on what it’s like to build in a bear market, and participated in DeFi Discussions v2 by Dystopia Labs.
• They ARE HIRING! Find latest job opening, engineering, business development, product and operations (https://cow.fi/jobs ).

Protocol Stats 

CowSwap June Protocol Update, Over this month, CoW Protocol has settled a total of $1,450,884,851

This month, the top 3 batches to highlight are the following:
Batch with the highest % of CoW trades (Transaction Details): The Batch Total volume was $98,779.99, and it was created by two traders who were perfectly CoWed for 99% of their volume. One trader was buying $49K of WETH, while the other trader was selling $49k of WETH.

https://etherscan.io/tx/0xa68f8221fc66d69490d4f37a01a7e45171045eb4d46680b7ad5a7412af9f4998

Batch with the highest Volume in it (Transaction Details): The Batch Total volume was $60,060,888.45 and it was creating by a single trader who was swapping DAI to USDC.

https://etherscan.io/tx/0xc779d2abbc5279c43d7aded4199693e5769e12e96f954a294c25cc96a9013623
Batch with the highest amount of surplus (Transaction Details): The Batch Total volume was $19 M. It was creating by a single trader who was swapping USDC to ETH. This trader achieved the largest surplus for the month of June. By getting 256 ETH extra which at the time of trade was roughly $300K (1.65% surplus).

https://etherscan.io/tx/0x9a0b6aea259a6905d0fadc2c9ba00641bf2ad2c44ef790011ace30603a0cc029

During the month of June, the top 10 traders have traded a total of $147,166,162.

Solvers

In June, they saw one external team add a new solver to staging environment. This solver name Atlas and the CoW Protocol team is looking forward to seeing how it performs in the competition.

About CowDAO

CowDAO is an open organization of developers, traders, market makers and many more community members aligned with its vision. CowDAO is focusing on fair and decentralized trading systems — in particular, building, maintaining and advancing the CoW Protocol. CoW Protocol technology powers a network of traders and solvers, enabling trustless and efficient peer-to-peer trading. Leveraging batch auctions as a key concept uniquely positions CoW Protocol as native trading infrastructure. With the goal discrete-time settlement layers like Ethereum and enables fair and accessible trading to its users.

Website | Twitter

SOURCE:

https://cow-protocol.medium.com/cow-protocol-june-2022-recap-2e0699e6fb5e

REQUEST AN ARTICLE

The post CowSwap June Protocol Update appeared first on Smart Liquidity Research.