$COW caught my attention after the recent jump in both price and trading activity. Lido’s NEST rollout gives the move an interesting catalyst. NEST uses CoW Swap to execute automated LDO buybacks from a share of Lido’s surplus revenue, which gives CoW Protocol a recurring role in treasury execution. COW is trading around $0.14 with roughly $145M in 24h volume against an $80M market cap, showing how much attention has moved toward the token. What interests me most is the utility behind the move. CoW is becoming part of how large DeFi protocols handle automated treasury activity. If more DAOs adopt similar execution systems, that could give $COW a stronger role across the ecosystem.