CoW Protocol sits further down the market cap rankings at #292, which weighs on the fundamentals score relative to more dominant names in the token category. On-chain health is measured on fee revenue, turnover: $23k in fees over 24h (10.3% annualised against market cap), and 24h volume at 147.2% of market cap. That compares favourably against the rest of the rated universe.
Momentum has been constructive lately, with price up +32.3% over the trailing 7 days. The risk pillar is being pulled down by a sharp +39.1% move in the past 24 hours. It is worth understanding the cause before treating the composite grade as the full picture.
The composite grade of C puts CoW Protocol at the 37th percentile of the rated universe on a weighted blend of fundamentals (35%), on-chain health (25%), momentum (20%), and inverted risk (20%). See the Methodology page for how each pillar is defined.
Every Antelux grade is mechanical: no analyst overrides. Each pillar below shows the exact measured input, and its score is a percentile rank against the other rated coins on that measure, so 90 means it beats 90% of the universe rather than scoring 90 out of 100. Full methodology, weightings, and grade bands are on the Methodology page.
Blends market standing with tokenomics. Rank #292 caps the sub-score, and with 58% of max supply already circulating, meaningful future emission still lies ahead.
The composite score recorded for CoW Protocol at the end of each day. Because the score is a percentile rank within the rated universe, a flat line means CoW Protocol held its place relative to everything else, not that nothing happened to it.