gm gm, dearest CoW DAO herd 
August was about CoW Protocol powering other project’s products: from MetaMask’s new agent wallet to Jumper’s advanced trading mode and RHEA’s cross-chain DEX. While that was happening, CoW DAO governance worked through one of its most technical proposals to date.
Here’s what happened 
Numbers
Monthly Volume: $2.88B
Monthly Trades: 353,601
Active Wallets: 70,552 (44,187 new · 26,365 returning)
Cumulative All-Time Volume: $211.6B
15.1% DEX aggregator market share — #3 across all supported chains
Integrations
Jumper Advanced — CoW Protocol now powers limit orders on Jumper’s new Advanced trading experience, alongside simulated swaps, smart slippage, and large-order splitting.
RHEA Finance — CoW Protocol provides order routing and slippage protection for RHEA’s cross-chain DEX, supporting $50K–$500K institutional-size trades on stablecoins (USDC, USDT, EURe) across any EVM asset and any NEAR Intents–whitelisted token.
Agents can trade now too — CoW Protocol is part of the execution stack behind MetaMask’s new Agent Wallet, live for everyone.
Lido NEST — Lido uses CoW Protocol to power NEST’s automated LDO buybacks on mainnet: rule-based, DAO-controlled, MEV-protected, running daily in the background.
Protocol and Community
The Moo & Earn Affiliate Program crossed $200M+ in total referred volume, with over 1,000 affiliates now driving it.
Governance
CIP-87: Penalty Cap Redesign — proposes switching solver penalty caps from a flat fee to a small % of order volume (varying by chain/token type). The forum debate got genuinely technical: one community member (flash) argued the new caps could hurt pricing on large orders, and solver operator kaisersolver responded with its own on-chain revert-rate data. It passed its Snapshot vote on August 25. 
Grants
UI Translation Program — external translations wrapped August 21. Now in internal review through September 11, ahead of deployment.
Treasury
CoW DAO Treasury - July 2026 Monthly Report is now live.
Team
Open roles:
Partnerships Manager
Apply now → Careers - CoW DAO
August was the month the protocol started showing up in more places than its own front door.
Full monthly recap → CoW DAO on X: "August was another busy month in the herd. 🐮 Here’s your latest recap. https://t.co/PkrzuY6RWu" / X
Keep milking it,
CoW DAO