* Asset: $COW
#US2YearYieldRisesTo4.61% (CoW Protocol / Intent-Based DEX Aggregator & MEV Protection Infrastructure)
* Valuation Zone: $0.125 – $0.138 (~$70M – $79M market cap; ~575M circulating out of a 1.00B max supply; ~$135M FDV)
* Core Driver: Intent-driven batch-auction DEX protocol capturing significant EVM DEX volume through solver-competed batch executions, providing native front-running/MEV protection, gasless trade routing, and governance-driven fee capture.
* Verdict: Mid-to-low-cap DeFi infrastructure play consolidating above its recent demand floor; monitor volume-backed defense of the $0.115 – $0.122 structural shelf and watch for a confirmed daily close above local overhead resistance at $0.145 – $0.155 to trigger a momentum expansion toward higher liquidity pools.