Uniswap brings token launch auctions and price discovery to Base

  • CCA runs fully on-chain auctions that clear bids block by block for gradual price discovery.
  • After auctions end, liquidity is automatically added to a Uniswap v4 pool at the final cleared price.
  • The model aims to reduce sniping, front-running, and bundled transactions during token launches.

Uniswap has rolled out its Continuous Clearing Auctions (CCA) feature on Base, giving developers a new way to launch tokens fully on-chain with built-in price discovery and automatic liquidity setup.

The decentralised exchange confirmed the rollout on Jan. 22, with the CCA framework now available to builders using Uniswap v4 on the Base network.

The update expands Uniswap’s structured token launch tools to one of the busiest Ethereum layer-2 ecosystems, offering teams a single workflow for auctions, pricing, and liquidity.

With CCA now live for Base developers, projects can run token sales that settle gradually over time rather than relying on one-time listings or fixed-price launches that can trigger sharp price swings.

What CCA does on Base

CCA allows teams to run fully on-chain token auctions where tokens are sold gradually instead of all at once.

The mechanism clears bids block by block, which helps prices form naturally before open trading begins.

Once the auction ends, liquidity is added automatically to a Uniswap v4 pool at the final cleared price.

This reduces the need for teams to manually create a pool after launch and aims to avoid common listing issues linked to sudden volatility at the start of trading.

Developers can also adjust auction settings to fit their launch requirements while keeping the entire process on-chain and transparent.

How auctions reduce launch risks

The model is designed to create a fairer starting point for new tokens by spreading distribution over time.

Rather than concentrating activity into a single launch moment, CCA introduces a phased selling process that can lower the impact of sniping, front-running, and bundled transactions.

By clearing bids over multiple blocks, the auction format supports more gradual price discovery.

This can help reduce sharp dislocations that often happen when tokens go live with limited liquidity or when early trading activity is dominated by automated strategies.

For teams, this approach bundles the early steps of a token launch into one on-chain flow, covering auction mechanics, pricing formation, and liquidity provisioning without requiring separate manual actions.

Open access for all Base developers

Uniswap’s deployment on Base is open to all developers building on the network. The feature does not require approvals or special access, meaning any team can integrate CCA into its token launch process.

This open availability may appeal to projects looking for alternatives to private sales or unstable fair-launch formats.

It also supports teams that want a more standardised on-chain approach to distributing tokens while setting up liquidity in a predictable way once the auction completes.

With CCA, teams can rely on the auction’s final cleared price to determine the pool setup, rather than selecting an initial listing price independently.

Uniswap’s wider v4 expansion

The Base rollout follows Uniswap’s broader expansion of v4 tools across multiple chains in recent months.

CCA was rolled out in late 2025 and has already been used by projects such as Aztec Network for early price discovery and liquidity setup.

Uniswap has also been integrating with partners such as Revolut for fiat access and Ledger for safe swaps via its trading API.

Separately, the protocol has gone live on networks including Monad and X Layer.

By bringing CCA to Base, Uniswap is extending structured launch infrastructure into a major Ethereum layer-2 environment, while continuing to expand its product suite and chain support across decentralised finance.

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Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps

  • Swap wETH to Mantle’s mETH from major chains in under 60 seconds.
  • No traditional bridges, slippage, or complex onboarding steps required.
  • Netting + rebalancing cuts liquidity fragmentation and operational costs.

The blockchain industry’s liquidity fragmentation problem has a new solution.

Everclear, the interoperability protocol formerly known as Connext, has launched cross-chain asset settlement on Mantle Network.

The partnership will allow users to convert wrapped Ethereum (wETH) from major chains including Ethereum, Arbitrum, Base, and Polygon directly into Mantle’s mETH token in under 60 seconds.

The integration bypasses traditional bridging entirely, marking a significant infrastructure breakthrough for decentralized finance adoption.

The partnership tackles one of DeFi’s most stubborn challenges: liquidity fragmentation.

As blockchain ecosystems have proliferated, identical assets now exist in multiple representations across different networks.

This fragmentation creates inefficiency, higher costs, and friction that deters both retail and institutional participation.

Everclear’s clearing infrastructure solves this problem by netting cross-chain flows and automatically rebalancing inventory, dramatically reducing redundant liquidity and operational costs.

How the settlement layer works

The mechanics are elegant in their simplicity. Users holding wETH on any supported chain select Mantle as their destination.

Everclear’s solver network fills the intent immediately, delivering mETH to the user’s wallet while managing settlement and rebalancing operations behind the scenes at optimal pricing.

The result is zero slippage, fast execution, and capital efficiency that traditional bridges cannot match.

Nikita Bulgakov from the Everclear Foundation explained the vision:

Everclear was built to be the settlement layer for a fragmented, multi-asset future. By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.

Accelerating Mantle’s institutional adoption

Mantle has emerged as a serious contender in the liquidity infrastructure space, anchoring over $4 billion in community-owned assets and positioning itself as the premier gateway for institutions connecting with on-chain liquidity and real-world assets.

The mETH Protocol, Mantle’s flagship liquid staking solution, achieved a peak total value locked of $2.19 billion and is now integrated across 40+ major platforms including Bybit, Ethena, and leading custody providers like P2P and Copper.

“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle.

This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.

The Everclear partnership removes a critical barrier to growth.

Previously, users navigating multiple chains faced bridge risks, slippage costs, and complexity that discouraged participation. Now, onboarding becomes frictionless.

Expanding the settlement layer

Everclear already processes approximately $400 million in monthly volume across blue-chip assets and stablecoins, serving professional users including market makers, solvers, bridges, and exchanges.

The Mantle launch marks the beginning of expanded cross-asset settlement capabilities, with plans to support additional ETH-based assets, stablecoins, and emerging blockchain networks.

This development underscores the industry’s evolution toward chain-abstracted finance, where users and institutions interact with blockchain infrastructure without managing underlying complexity.

For the DeFi ecosystem, it represents a meaningful step toward mainstream adoption.

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MakinaFi hit by $4.1M Ethereum hack as MEV tactics suspected

  • Funds were split between two wallets holding $3.3 million and $880,000.
  • The exploit involved MEV-linked addresses and preemptive transaction timing.
  • MakinaFi has not released a technical statement or mitigation plan.

A major crypto breach has struck MakinaFi, draining millions in Ethereum from the decentralised finance platform.

The incident resulted in the loss of 1,299 ETH, valued at roughly $4.13 million at the time of the attack.

PeckShieldAlert flagged the theft on X, where it traced the movement of the stolen assets across Ethereum wallets.

The breach quickly gained traction online as blockchain analysts and on-chain trackers pieced together the flow of funds.

It became evident that the attacker moved fast, using tools and tactics that suggest a high level of technical precision.

Makinafi loses millions in ether

The exploit saw a sudden outflow of Ethereum from MakinaFi, although the platform has not yet issued a public explanation or technical breakdown.

Users and observers are left to rely on data from Etherscan and posts from security firms to understand what happened.

The total 1,299 ETH was siphoned off through a set of carefully timed transactions.

While MakinaFi has yet to share how the vulnerability was exploited, the timing and transaction order suggest that the attack wasn’t random.

There was no immediate freeze or recovery attempt reported from MakinaFi’s side.

Two wallets hold the stolen funds

On-chain data shows the stolen ETH was split between two addresses.

The first wallet, marked as 0xbed2…dE25, currently holds an estimated $3.3 million. The second, 0xE573…f905, contains around $880,000.

These wallets have not yet moved the funds further, but blockchain analysts are keeping a close eye on them.

The attacker has so far avoided sending the ETH to known mixing services or exchanges, but watchers remain alert to any shift in movement patterns.

Builder activity reveals exploit timing

Further investigation revealed links to an MEV Builder address (0xa6c2…).

This detail points to a transaction ordering strategy often used to exploit timing advantages within the blockchain.

PeckShieldAlert noted that some of the activity involved preemptive execution, a hallmark of MEV exploitation.

The use of builder-side execution implies a high degree of automation and planning.

The attacker likely used MEV tools to front-run or reorder transactions, increasing their chances of success and reducing the likelihood of detection during the transfer.

Community tracks next steps

MakinaFi has not issued any official response or update since the incident was flagged.

Without a public statement or action plan, it’s unclear whether the platform is investigating, attempting to recover the funds, or planning to compensate users.

Meanwhile, the blockchain community continues to track the stolen ETH.

Any attempt to combine the funds or offload them through exchanges could offer a chance for intervention.

Analysts are watching for token mixing, wallet consolidations, or transfers to centralised platforms, which may trigger alerts or freezes.

The lack of communication from MakinaFi leaves open questions around security readiness and risk management.

Until a full breakdown is shared, the technical details behind the breach remain largely speculative.

For now, the stolen ETH sits idle but visible — and the crypto world watches to see what happens next.

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Former NYC mayor backed token tumbles on Solana amid liquidity fears

  • Some crypto community members accused the project team of removing liquidity, sparking rug pull fears.
  • Rune flagged data suggesting $3.4 million was drained from the token’s liquidity pool.
  • Bubblemaps showed $2.5 million in USDC removed near the peak, with $900,000 not returned after partial additions.

Former New York City Mayor Eric Adams has launched a Solana-based meme coin that he said is aimed at fighting antisemitism and supporting the next phase of innovation in the city.

The token, called the New York City token (NYC), was announced in a Jan. 13 post on X and quickly went live for trading on the Solana decentralised exchange Jupiter.

In the post, Adams shared a link to the token’s official website and said the project was built to fight the spread of antisemitism and anti-Americanism across the US and New York City.

The NYC token initially saw strong momentum after it began trading.

It rallied to a high of $0.58 and briefly reached a market cap of $580 million, according to DEXScreener data.

Liquidity movements trigger rug pull allegations

As the price fell, accusations surfaced online that the team behind the token may have removed liquidity, adding to fears of a potential rug pull.

Crypto analyst Rune flagged data indicating that at least $3.4 million had been drained from the token’s liquidity pool.

Separately, analytics posted by Bubblemaps suggested that a wallet linked to the token’s deployer removed $2.5 million in USDC liquidity when the token was trading near its peak.

After the price had already plunged by more than 60%, about $1.5 million in USDC was added back.

Still, roughly $900,000 was not returned, which further fuelled suspicion among some community members and investors.

The allegations have not been confirmed, but the timing and size of the liquidity movements quickly became a central focus of discussion.

Team cites TWAP strategy to manage volatility

In response to the concerns, the NYC token X account released a statement claiming the project is using Time-Weighted Average Price (TWAP) mechanisms to manage price stability.

The account said funds were being added to the liquidity pool gradually to reduce the risk of further disruption after the initial volatility seen during the launch.

Despite that explanation, the episode has kept attention on how liquidity is handled for newly launched meme coins, especially when trading activity accelerates rapidly across decentralised markets.

Website details token split and proposed use cases

While the token’s official website offers limited detail about the project’s long-term direction, Adams said in a Fox Business interview that proceeds from the NYC token would go toward nonprofits focused on raising awareness about antisemitism and anti-Americanism through educational campaigns.

Other proposed use cases include funding blockchain and crypto education, along with scholarships for students in underserved communities.

Adams officially stepped down as mayor on Jan. 1, after being replaced by Zohran Mamdani.

During his time in office, he was one of the most outspoken political figures in support of cryptocurrency.

His initiatives included converting his first three paychecks into Bitcoin and Ethereum, creating the Office of Digital Assets and Blockchain Technology, and launching the NYC Blockchain Plan to encourage responsible innovation and attract Web3 businesses.

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Truebit protocol hack exposes DeFi security risks as TRU token collapses

  • The TRU token collapsed from $0.1659 to near zero, wiping out market value.
  • Liquidity on decentralised exchanges dried up following the exploit.
  • The attacker wallet was linked to a Sparkle protocol attack 12 days earlier.

A serious security breach at Truebit Protocol has triggered one of the sharpest collapses seen in decentralised finance this year.

The blockchain project, which focuses on verified computing, lost around $26.5 million after an attacker exploited a weakness in its smart contract system.

The incident sent the protocol’s native TRU token crashing to near zero and left liquidity across decentralised exchanges severely strained.

On-chain movements following the exploit show how quickly funds were siphoned away, highlighting ongoing risks around smart contract design and monitoring across the DeFi sector.

How the exploit unfolded

The breach was first flagged by blockchain security firm PeckShield, which detected a series of suspicious transactions on the Ethereum network.

Analysis showed that the attacker drained nearly 8,500 ETH from Truebit Protocol.

At the time of the exploit, the stolen cryptocurrency was valued at about $26.5 million.

On-chain data indicates that the funds were quickly split and transferred to two separate wallet addresses, identified as 0x2735…cE850a and 0xD12f…031a60.

Dividing funds in this way is a commonly used technique to complicate tracking and reduce the chances of recovery.

PeckShield’s preliminary findings suggest the exploit targeted a flaw within the protocol’s contract structure, although a detailed technical breakdown has not yet been published.

Token collapse and liquidity shock

The market impact was immediate. Truebit’s native TRU token suffered a near-total collapse, falling from a daily high of $0.1659 to a low of $0.000000018.

The move effectively erased the token’s market capitalisation within hours.

Liquidity across decentralised exchanges also dried up rapidly.

With pools depleted and confidence shaken, many token holders were unable to exit positions.

The episode underlined how tightly token valuations are linked to protocol security, particularly for smaller DeFi projects where confidence can evaporate quickly once an exploit is confirmed.

Protocol response and containment steps

After the breach, Truebit Protocol issued an official update acknowledging the incident.

The team confirmed that a specific smart contract had been compromised and warned users not to interact with it until further notice.

The protocol stated that it is working alongside law enforcement authorities and taking steps to limit further damage.

Users were also advised to rely only on official communication channels for updates as investigations continue.

No timeline has yet been shared for remediation or potential recovery efforts.

Link to earlier DeFi attack

PeckShield further reported that the wallet involved in the Truebit exploit had been connected to a separate attack on the Sparkle protocol roughly 12 days earlier.

In that case, the attacker acquired tokens and later routed funds through Tornado Cash, a privacy service often used to obscure transaction trails.

The repeated use of similar techniques points to an experienced exploiter actively scanning for vulnerabilities.

The connection has raised broader concerns across the DeFi ecosystem, where a series of linked attacks can amplify risk perception beyond the affected projects.

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