CowSwap：近期漲幅最顯著的 DeFi 代幣，也是 Vitalik 最喜歡的 DEX 之一

CowSwap 是近期漲幅最顯著的 DeFi 代幣，也是 Vitalik 最喜歡的 DEX 之一。它作為一個平台

CowSwap, a decentralized exchange (DEX) and a key product of the Gnosis ecosystem, has seen a remarkable surge in its native token ($COW) price, with a 62% increase in just one week and a 162% surge within a month. This price rally has attracted significant attention in the Chinese community, particularly due to the recent on-chain activity of the Trump team's World Liberty Financial (WLFI) project.

CowSwap 是一家去中心化交易所（DEX），也是 Gnosis 生態系統的關鍵產品，其原生代幣（$COW）價格大幅飆升，短短一周內上漲 62%，一個月內飆升 162%。此次價格上漲引起了華人社區的高度關注，特別是由於川普團隊的世界自由金融（WLFI）計畫最近的鏈上活動。

While $COW is not included in WLFI's asset list, on-chain analyst Ai Yi has observed that recent token purchases by WLFI have utilized CowSwap. This aligns with the trading habits of Ethereum founder Vitalik Buterin, who frequently uses CowSwap.

雖然$COW並未包含在WLFI的資產清單中，但鏈上分析師艾毅觀察到，WLFI最近購買的代幣都使用了CowSwap。這與經常使用 CowSwap 的以太坊創始人 Vitalik Buterin 的交易習慣相符。

This unique on-chain behavior has directly influenced market sentiment. With the dual expectations of Trump about to take office and the popularity of political concept coins, the price of $COW surged by 62% in just one week and skyrocketed by 162% within a month.

這種獨特的鏈上行為直接影響了市場情緒。在川普即將上任和​​政治概念幣火爆的雙重預期下，$COW 價格短短一周內飆升 62%，一個月內暴漲 162%。

Behind CowSwap's price surge: the powerful force of Gnosis

CowSwap價格飆升背後：Gnosis的強大力量

CowSwap's success is largely attributed to the powerful force behind it - Gnosis.

CowSwap的成功很大程度上歸功於其背後的強大力量——Gnosis。

CowSwap originated from Gnosis Protocol V1, which was launched in 2020 as the first decentralized trading platform to achieve circular trading through a batch auction mechanism. Its unique design allows all orders to share liquidity and efficiently complete settlements.

CowSwap源自於Gnosis Protocol V1，於2020年推出，是第一個透過批量拍賣機制實現循環交易的去中心化交易平台。其獨特的設計可讓所有訂單共享流動性並有效率地完成結算。

In 2021, Gnosis Protocol V2 introduced an innovative solving mechanism (Solvers), which not only significantly improved order matching efficiency but also successfully addressed the long-standing MEV (Miner Extractable Value) issue that has troubled DeFi traders. That same year, Gnosis Protocol was renamed CowSwap, becoming the aggregator DEX we know today.

2021年，Gnosis Protocol V2引入了創新的解決機制（Solvers），不僅顯著提高了訂單撮合效率，還成功解決了長期困擾 DeFi 交易者的 MEV（礦工可提取價值）問題。同年，Gnosis Protocol 更名為 CowSwap，成為我們今天所知的聚合 DEX。

It can be said that CowSwap's rise is inseparable from the deep accumulation of the Gnosis ecosystem. In fact, the story of the Gnosis ecosystem can be traced back to 2015.

可以說，CowSwap的崛起與Gnosis生態的深層累積密不可分。事實上，Gnosis生態系的故事可以追溯到2015年。

Compared to the now well-known Polymarket, Gnosis co-founder Martin Koeppelmann began researching decentralized prediction markets much earlier. In

與現在知名的 Polymarket 相比，Gnosis 聯合創始人 Martin Koeppelmann 更早開始研究去中心化預測市場。在