HomeKnowledge BaseCoW Protocol June 2023 Highlights

CoW Protocol June 2023 Highlights

5 min read

TL;DR

Protocol Stats

This month, CoW Protocol settled a total of $1.05B.

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This month, the top 3 batches worth highlighting are the following:

  • Batch with the highest % of CoW trades (Transaction details). The total batch volume was $76K, and it was created by three traders who were perfectly CoWed for 91.8% of their volume. One trader was buying USDC-USDT, another trader was buying USDT-USDC, and the last trader was selling USDC-USDT.

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  • Batch containing the highest volume (Transaction details): The total batch volume was $8.8M and it was created by a single trader who was swapping USDT to USDC.

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  • Batch with the highest amount of surplus (Transaction details): The total batch volume was $800K and it was created by a single trader who was swapping USDC to DAI. This trader achieved the largest surplus for the month of June, by getting 80K DAI extra (11% surplus).

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During the month of June, the top 10 traders traded a total of $77M.

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Solvers

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You can find all of the solver statistics in the following table. Looking at this table, we can see that, on average for the month of June, solvers generated a total of $5.8M, which is money in the pockets of traders. The highest generated surplus by a single solver was $1.8M.

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Governance

It has been a hectic month in terms of governance! The CoW cannot be stopped 💪

Executed Proposals

This month we executed three important proposals

Draft Proposals

This month, there was one new proposal asking for feedback before moving into the next phase, a final CIP, in its current form.

Technical Discussions

As an “agora” for technical topics on batch auctions or CoW Protocol related topics, the forum surfaced some very interesting posts.

  1. Path to L2 Deployments

Make sure to read them and leave comments — your feedback is highly appreciated and will help move forward these important topics. If you are interested in submitting a proposal to the CoW DAO, make sure to use the following template.

CoWmunity News

Product Updates

Backend

The backend team has been working hard to improve the product infrastructure. In June, we:

  • Made progress on a new app data format
  • Brought the following internal hackathon projects to production: Surplus modal, and Arak (smart contract event indexer)

Frontend

The frontend team has been pushing hard for several improvements in the UI front, as well as the overall UI infrastructure. In June, we:

  • Launched a new version of the CoW Explorer that shows a new node (Buffers)
  • Released the bundling ETH Flow
  • Made progress on the TWAP interface including cancelations, incorporating orders table, and decoding pending safe transactions
  • Worked on internal hackathon projects including a surplus modal, widget improvements, a “Have I been MEV’d” page, and a trade graph
  • Worked on trying to implement Wallet Connect V2, but due to the lack of wallet support this has been put on hold.

Open Job Positions

The CoW Protocol team is currently not hiring.