Uniswap's Auction Concludes with $59 Million in Bids

According to Odaily, Uniswap founder Hayden Adams announced on the X platform that the first auction of Uniswap CCA, initiated by Aztec Network, has concluded with total bids reaching $59 million. The auction process was characterized by a slow and fair price discovery, without any sniping, bundling, or timing games. The final sale price was 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 is set to become the largest source of secondary market liquidity.