CoWSwap vs Uniswap

CoW Swap is a decentralized exchange interface built on CoW Protocol, an intent-based meta-DEX aggregator that optimizes trades through batch auctions and a competitive network of solvers. Instead of executing swaps directly on-chain, users sign trade intents that are aggregated and matched via Coincidence of Wants (CoWs) or routed across multiple liquidity sources to achieve the best price. This architecture reduces slippage, captures price improvements, and protects users from Maximal Extractable Value (MEV). CoW Swap combines peer-to-peer matching with aggregated liquidity, enabling efficient, secure, and gas-optimized trading across multiple EVM networks. [oai_citation:0‡CoinMarketCap](https://coinmarketcap.com/cmc-ai/cow-protocol/what-is/?utm_source=chatgpt.com)

Uniswap V3 pioneered concentrated liquidity ranges and multiple fee tiers, letting LPs choose custom price curves and earn up to 4000 × higher fee capital efficiency. It introduced NFTs to represent positions and a licence that restricts commercial forks for two years. As of 2025 V3 is deployed on more than 15 chains and retains over 60 % DEX market share by volume.