Uniswap Founder: The first auction of Uniswap CCA has ended, with bids reaching 59 million dollars

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 dollars.

The auction process did not experience sniping, bundling, or timing games, but rather a slow and fair price discovery, ultimately concluding at a 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.