As the DeFi and crypto space continues to evolve rapidly, staying informed about the latest developments and trends is crucial. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.
SEC Drops Lawsuit Against Ripple
The U.S. SEC has dropped its lawsuit against Ripple Labs, ending a legal battle that began in 2020. The move is seen as a major victory for Ripple and the broader crypto industry. The case was one of the first major regulatory challenges to a crypto firm, signaling a possible shift in how regulators approach digital assets.
PumpSwap Challenges Raydium
PumpFun, the Solana-based token launchpad, has launched its own DEX, PumpSwap, aiming to streamline token migrations and reduce reliance on third-party exchanges. The move comes as memecoin trading volume drops from $206B in January to $99.5B in February after the LIBRA scandal. PumpFun’s revenue also halved, falling from $60M to $30M, though it remains Solana’s seventh-largest protocol.
Uniswap's $165.5M Growth Plan
The Uniswap community has approved two key governance proposals to expand its ecosystem, the Uniswap Foundation announced on March 19. The plan includes funding for Ethereum layer-2 Unichain, the Uniswap v4 protocol, and long-awaited liquidity incentives. Backed by a $165.5 million budget, the initiative aims to drive growth and innovation for the decentralized exchange.
The past week brought significant changes in the crypto market, highlighting rapid developments and shifts within the industry. From the lawsuit dismissal against Ripple to the launch of new projects and strategies, industry stakeholders continue to shape the future of digital assets and technologies.
