The DeFi and crypto world is evolving rapidly, and staying updated on the latest developments and trends is essential. This weekly recap provides a concise overview of the major news and trends in the industry.
US SEC Drops Ripple Lawsuit
The U.S. SEC has ended 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.
PumpFun Launches PumpSwap
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 $206 billion in January to $99.5 billion in February after the LIBRA scandal. PumpFun’s revenue also halved, falling from $60 million to $30 million, though it remains Solana’s seventh-largest protocol.
Uniswap Approves $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.
These events highlight the dynamic and complex nature of the DeFi and crypto world, where legal challenges, innovation, and economic changes play a key role in shaping the industry's future.
