A quick observation to share: CoWSwap (a DEX aggregator), behind $COW , has been pretty busy over the past day. Protocol revenue reached $143,000, 2.5 times its usual level.
I used to research projects by looking only at price movements. Now I have a habit: to see whether anyone is actually using a protocol, I first check whether it’s generating fees. This spike is pretty noticeable, and I’m more curious to see whether it can stay at this level next week.
What’s your first reaction?
Just chatting off the top of my head—don’t take this as advice.
I used to research projects by looking only at price movements. Now I have a habit: to see whether anyone is actually using a protocol, I first check whether it’s generating fees. This spike is pretty noticeable, and I’m more curious to see whether it can stay at this level next week.
What’s your first reaction?
Just chatting off the top of my head—don’t take this as advice.
