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CoW Protocol will shift to a fair combination auction mechanism, starting testing on May 20, with a full launch expected around June 3, 2025, across all chains. FCA is a form of auction that allows order matchers to submit multiple solutions, including: individual order bids and bundled batch bids, enabling the CoW protocol to evaluate more execution paths. For users, FCA will increase the number of orders completed in each auction, reduce Slippage, and enhance MEV resistance; for order matchers, FCA introduces a new rewards logic, with expected rewards increasing by about 25%.

SVM Summit 2025 in New York

Solayer will participate in the SVM Summit 2025 in New York on May 21st. The summit, supported by the Solana Foundation, will focus on infrastructure, rollups, institutions, and scaling solutions.

Join the SVM Summit 2025 in NYC with Sonic SVM for games and app discussions.

LAYER

-3.48%

Time	Events	Previous	Forecast	Actual

China's total retail sales of consumer goods in April year-on-year02:00	China's retail sales of consumer goods for April published year-on-year data.	5.90%	5.5%	5.1%
China's industrial added value above designated size in April year-on-year	The data on the year-on-year growth of industrial added value above the designated size in China for April has been released.	7.70%	5.5%	6.1%
China's urban fixed asset investment in April this year compared to the same period last year	China's urban fixed asset investment year-on-year data for April this year has been released.	4.20%	4.2%	4%
China's urban survey unemployment rate in April	China's urban survey unemployment rate data for April is released.	5.20%	5.20%	5.1%
China's industrial added value above designated size in April month-on-month	The data on the month-on-month increase in industrial added value above designated size in China for April has been released.	0.44%	--	0.22%
China's urban fixed asset investment in April month-on-month	China's April urban fixed asset investment month-on-month data event data released	0.15%	--	0.1%
China's total retail sales of consumer goods in April month-on-month	The month-on-month data for China's total retail sales of consumer goods in April is announced.	0.58%	--	-0.08%
Japan's March tertiary industry activity index month-on-month04:30	Japan's March tertiary industry activity index month-on-month data event data released.	0.00%	-0.5%	-0.3%
Eurozone April CPI Year-on-Year Final09:00	Eurozone April CPI year-on-year final value data event data released	2.20%	2.20%	2.2%
Eurozone April CPI MoM Final	Eurozone April CPI MoM final data release	0.60%	0.60%	0.6%
U.S. Conference Board Leading Economic Index MoM for April14:00	The U.S. Conference Board Leading Economic Index monthly rate data for April has been released.	-0.70%	-0.9%	-1%
U.S. Conference Board Leading Economic Index MoM for April	U.S. Conference Board Leading Economic Index MoM data release for April	0.1%	--	0.1%
U.S. Conference Board Lagging Indicator Monthly Rate for April	The data event for the U.S. Conference Board Leading Economic Index month-on-month for April is released.	-0.1%	--	0.3%
The Conference Board Leading Index for the United States in April	US April Conference Board Leading Economic Index data event release	100.5	--	99.4
U.S. 3-Month Treasury Auction Results as of May 19 - Winning Intrerest Rate15:30	U.S. 3-Month Treasury Auction - Winning Interest Rate Data Event Released as of May 19	4.30%	--	4.285%
U.S. 3-Month Treasury Auction Bids to Cover Ratio as of May 19	U.S. 3-Month Treasury Bill Auction Bid-to-Cover Ratio Data Release as of May 19	2.51	--	2.76
U.S. 6-Month Treasury Auction on May 19 - Winning Intrerest Rate	U.S. 6-Month Treasury Bill Auction Results - Awarded Intrerest Rate Data Release as of May 19	4.11%	--	4.14%
U.S. 6-Month Treasury Bill Auction Bids to Cover Ratio as of May 19	U.S. 6-Month Treasury Auction Bid-to-Cover Ratio Data Release on May 19	3.26	--	2.59
U.S. 3-Month Treasury Auction as of May 19 - Winning Intrerest Rate Allocation Percentage	U.S. 3-Month Treasury Auction Results as of May 19 - Winning Interest Rate Allocation Percentage Data Release	65.34%	--	29.14%
U.S. 6-Month Treasury Auction as of May 19 - Awarded Interest Rate Allocation Percentage	The U.S. 6-month Treasury auction results for the period ending May 19 - winning interest rate allocation percentage data event data released.	33.33%	--	51.5%
China's total installed power generation capacity as of April this year	China's national power generation installed capacity data for April this year has been released.	343081ten thousand watts	--	--
China's national power generation installed capacity year-on-year as of April this year	China's national installed power generation capacity year-on-year data for April this year has been released.	14.6%	--	--
China's one-year Loan Market Quote Interest Rate as of May 2001:00	The one-year loan market quoted interest rate data in China will be released by May 20.	3.10%	3%	--
China's five-year loan market quotation Intrerest Rate as of May 20	China's five-year loan market quoted interest rate data event will be released on May 20.	3.60%	3.5%	--
Australia's Reserve Bank interest rate decision until May 2004:30	Australia's Reserve Bank interest rate decision data event will be announced by May 20.	4.10%	3.85%	--
Germany April PPI MoM06:00	Germany's April PPI monthly rate data event released	-0.70%	-0.3%	--
Germany April PPI Year-on-Year	Germany's April PPI year-on-year data event is released.	-0.20%	-0.6%	--
Taiwan's April export orders year-on-year08:00	Taiwan, China April export order year-on-year data event data release	12.50%	9.5%	--
Eurozone March Seasonally Adjusted Current Account	Eurozone March seasonally adjusted current account data release	343billion euros	--	--
Eurozone March unadjusted current account	Eurozone March unadjusted current account data event data released	331billion euros	--	--
Taiwan's Current Account in the First Quarter08:20	Taiwan, China first quarter current account data event data released	343.97hundred million US dollars	--	--
Hong Kong, China three-month unemployment rate in April08:30	Hong Kong, China April three-month unemployment rate data event announcement	3.20%	3.2%	--
Eurozone March construction output year-on-year09:00	Eurozone March construction output year-on-year data release	0.20%	--	--
Eurozone March construction output month-on-month	Eurozone March construction output month-on-month data event release	-0.50%	--	--
Canada's National Economic Confidence Index as of May 1612:00	Canada's National Economic Confidence Index data will be released on May 16.	48.6	--	--
--	New Zealand's global dairy trade price index data event will be released on May 20.	--	--	--
Canada April CPI MoM12:30	Canada's April CPI month-on-month data event announcement.	0.30%	-0.2%	--
Canada April CPI Year-on-Year	Canada April CPI Year-on-Year Data Release	2.30%	1.6%	--
Canada's Core CPI MoM in April	Canada's core CPI month-on-month data for April is released.	0.1%	--	--
Canada's Core CPI Year-on-Year for April	Canada's core CPI year-on-year data for April released.	2.2%	--	--
US Redbook Commercial Retail Sales Year-on-Year for the week ending May 1712:55	The year-on-year data for the Redbook commercial retail sales in the United States for the week ending May 17 will be released.	5.8%	--	--
Eurozone May Consumer Confidence Index Preliminary14:00	Eurozone May Consumer Confidence Index preliminary data release	-16.7	-16	--
US 6-week Treasury auction as of May 20 - Winning Intrerest Rate15:30	U.S. 6-Week Treasury Auction Results - Winning Intrerest Rate Data Released as of May 20	4.25%	--	--
U.S. 6-week Treasury auction bid-to-cover ratio as of May 20	US 6-week Treasury auction bid-to-cover ratio data event released on May 20	2.77	--	--