Uniswap’s app store ranking has experienced a significant drop, reflecting potential user engagement issues after the company faced regulatory scrutiny from the SEC. The SEC investigation into Uniswap concluded without any further claims against the platform or its UNI token status. Following this development, market impact was immediate and noticeable as the price of UNI dipped by 10% and trading volumes spiked on exchanges like Binance. Uniswap Labs CEO Hayden Adams clarified that the SEC’s previous claims that Uniswap operated as an unregistered entity and issued an unregistered security have now been dropped. This clarification highlights that neither the protocol nor its token is classified as a security.