Aurora Intents routed $19M into Zcash NFT auction

Aurora Intents has processed more than $19 million across 1,718 swaps for the zkSNARKS auction, accounting for over half of the assets converted and deposited into the ZEC-denominated sale. Summary More than $19 million of the auction’s $36.94 million submitted volume passed through Aurora Intents. USDC accounted for 27% of Aurora’s routed volume, while native ETH contributed 21%. NEAR Intents solvers converted assets from several chains into ZEC at rates approved before signing. Zcash shielded the destination-side bids, but source-chain transfers remained publicly visible. Aurora Intents handled half of the auction volume Aurora Labs CEO Declan Hannon told crypto.news that Aurora Intents processed just over $19 million of the $36.94 million deposited for the zkSNARKS auction, with the conversions completed through 1,718 swaps. “It’s the value, the dollar value of assets converted into ZEC. Aurora Intents processed over 50% of the total volume swapped and deposited for the auction. Just over $19M out of $36.94M moved through us across 1718 swaps,” Hannon said. The figure measures the value routed through Aurora’s cross-chain infrastructure, rather than the number of bids or completed NFT purchases. Some of the assets were attached to unsuccessful bids and later became eligible for refunds under the auction rules. You might also like: Zcash Foundation disowns ZRC-20 and CASH token Auction results showed that participants submitted 16,971 bids for 8,000 available zkSNARKS assets. Total submitted volume reached 25,305 ZEC, worth approximately $36.94 million at the time, while the sale cleared at 1.5 ZEC per asset. Under the sealed, uniform-price format, bidders placed offers without seeing the full order book. The 8,000 successful bidders paid the same clearing price, regardless of the maximum amount entered in their original bids. Multiplying the clearing price by the 8,000 allocations gives 12,000 ZEC in completed sales. Approximately 13,309 ZEC, valued at about $19.43 million at the auction’s reported exchange rate, was allocated for refunds to unsuccessful bidders or for amounts submitted above the final price. Stablecoins led cross-chain ZEC conversions Stablecoins supplied much of the value that Aurora Intents converted into ZEC, according to Hannon. USDC alone accounted for 27% of the funds routed through the system and arrived from four networks, with Solana contributing the largest portion. Native ETH ranked as the next-largest individual source asset, representing 21% of Aurora’s auction volume. Participants could also enter with BTC, SOL, BNB, and other supported assets rather than acquiring ZEC through a separate exchange transaction. “Most people bidding on a ZEC-denominated auction don’t already hold ZEC and did not want to go buy some just to bid. Aurora Intents powered the cross-chain swaps,” Hannon said. The source-asset mix placed stablecoins at the center of the conversion flow while also showing demand from users holding assets on other networks.