Uniswap founder: The first auction of Uniswap CCA has ended, with bids reaching $59 million.

According to Mars Finance, Uniswap founder Hayden Adams posted on the X platform that the first auction of Uniswap CCA initiated by the Aztec Network project has concluded, with a total bidding amount of $59 million. The auction process was free of sniping, bundling, or timing games; instead, it involved a slow and fair price discovery, ultimately resulting in a sale price 59% above the reserve price. A portion 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.