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

Odaily Planet Daily news: Uniswap founder Hayden Adams posted on X that the first Uniswap CCA auction initiated by the Aztec Network project has ended, with total bids reaching $59 million. The auction process saw no sniping, bundling, or timing games; instead, it was a slow and fair price discovery, ultimately closing at a price 59% higher than the reserve price. Part of the proceeds and token reserves from the auction will be used to launch the Uniswap v4 liquidity pool, which will become the largest source of secondary market liquidity.