Possible income levels and fee switches for CoW Swap:

$COW has risen 350% in the past month

1. CoW Swap currently only has a 13% share of the DEX aggregator market, but has grown at a rate of 70% over the past 12 months.

2. CoW Protocol is famous for its product called CoWSwap, but less well-known is its product called MEV Blocker.

3. MEV Blocker was just launched in May 2023 and its transaction volume is already 72% higher than existing Flashbots.

4. Conservatively, CoW Protocol’s annual revenue could reach $8.4 million.

Profit is taken from positive quote deviation1, which generated over $3.1 million in revenue in the last 12 months.

5. $COW has been underperforming over the past 18 months. One of the reasons for this is the inflation reward paid to the solver. When the protocol is able to use profits to pay for this part, COW's inflation emissions will be reduced.