Uniswap founder: Uniswap CCA's first auction has ended, with bids reaching $59 million

ChainCatcher news, Uniswap founder Hayden Adams posted on X that the first Uniswap CCA auction initiated by Aztec Network has ended, with a total bid amount reaching $59 million.

There was no sniping, bundling, or timing games during the auction process; instead, it was a slow and fair price discovery, ultimately closing at a price 59% higher than the reserve price. Part of the auction proceeds and token reserves will be used to launch the Uniswap v4 liquidity pool, which will become the largest source of secondary market liquidity.