ShapeShift settles pre-DAO SEC case, Uniswap hits 2-year high: Finance Redefined

Amid a marketwide bullish run, Uniswap’s UNI token has reached a new two-year high.

Cryptocurrency exchange ShapeShift has settled a lawsuit with the United States Securities and Exchange Commission (SEC). The case dates back to 2021, before it became a decentralized autonomous organization (DAO).

Uniswap’s (UNI) token blasted to two-year highs amid the marketwide bullish surge, and Solana proponents believe it needs a breakthrough consumer app to rival the Ethereum network.

Experts weigh in on how pump-and-dump schemes harm the crypto industry, and the total value locked (TVL) in DeFi crosses $100 billion for the first time in three years.

Solana needs Firedancer, “ChatGPT moment” to rival ETH, proponents say

A major upgrade on Solana aimed at increasing transaction processing in 2024, paired with a potential breakthrough consumer app, could be all that’s needed for Solana to finally live up to its moniker as an “Ethereum killer.”

That’s what Solana’s proponents believe amid a fresh wave of on-chain activity, increasing developer count and a growing number of users, boosted partly by a memecoin-led resurgence in December 2023.