Binance is about to list COW and Cetus, with both tokens instantly surging over 80%. The universe's largest exchange is not to be underestimated... Previously, we discussed the TOP DEX-#Cetus on #sui , and now the valuation has risen to another level. Let's briefly talk about this little bull #COW .
CoW Protocol is a DEX aggregator that features MEV protection for trades. The CoW Protocol matches trades through batch auctions from various on-chain liquidity sources. It can provide users with better prices and save a significant amount of funds in gas fee optimization and liquidity provider fees. In simple terms, it's a Uni clone focused on ETH chain swaps, with subsequent businesses like AMM and LP mostly following in the footsteps of predecessors, showing little innovation.
Let's take a look at the valuation situation after today's token price increase. The current price of #COW is 0.44, with a market cap of 41 million, FDV of 440 million, and 9% unlocked.
What do you think about this valuation? It might be another target that everyone goes crazy making money on after listing?
New tokens carry risks; profits are yours to take and losses are yours to bear. #DYOR