This week in the DeFi and crypto world was marked by significant events that could have a considerable impact on the industry's future. Let's review the main highlights.
US SEC Drops Ripple Lawsuit
The U.S. Securities and Exchange Commission (SEC) has ended its legal battle against Ripple Labs, which started in 2020. This development is seen as a major victory for Ripple and the broader crypto industry, as the case was one of the first significant regulatory challenges to a crypto company.
PumpFun Introduces PumpSwap DEX
Solana-based token launchpad PumpFun announced the creation of its own decentralized exchange (DEX) named PumpSwap. This move aims to streamline token migrations and reduce reliance on third-party exchanges. A decrease in memecoin trading volume has been noted, and PumpFun has also faced a decline in its revenue.
Uniswap Approves Growth Plan
The Uniswap community has approved two key governance proposals aimed at expanding the ecosystem. The Uniswap Foundation announced this on March 19, including funding for Ethereum layer-2 Unichain, the Uniswap v4 protocol, and long-anticipated liquidity incentives. With a budget of $165.5 million, the initiative aims to foster growth and innovation for the decentralized exchange.
These current events illustrate the range of challenges and opportunities for DeFi and crypto projects. Continuing to monitor these changes will allow market participants to better adapt to new conditions and make informed decisions.
