This week marks significant events for major cryptocurrencies like RUNE, ZK, JUP, LUNA, and DUSK. Major updates include ecosystem expansions, user incentive changes, and important legal moments that could influence trading activity and community engagement.
RUNE Crypto Expands Compatibility
Base Layer 2 cross-chain swaps for Thorchain's RUNE crypto will be activated next week. This update is expected to optimize interoperability within the ecosystem, benefiting multi-chain traders. Currently priced at $5.07 with a daily volume of $165M, RUNE looks to expand its liquidity. Thorchain's strategy focuses on dominating all aspects of cross-chain decentralized exchanges, ensuring transparent transactions without intermediaries.
Fee Switch Mechanism by USUAL
The USUAL fee switch mechanism will go live on January 7 to enhance transaction efficiency within its network. Currently priced at $0.9083, USUAL boasts steady volume, with over $150M transacted in 24 hours. This update focuses on scalability and user incentives. The activation of the fee switch mechanism is a move towards cheaper decentralized trading solutions, which could increase market relevance and adoption.
Launch of 300M Token Giveaway by ZK
On January 6, ZKSync will launch its incentive program, including a 300 million token giveaway for decentralized finance users. The ZK market is priced at $0.207 and remains relatively quiet ahead of the program's launch. This initiative is designed to reward active participants and attract new users, encouraging the adoption of ZKSync in the layer-2 scaling solution market through token rewards.
This week features notable events in the cryptocurrency industry that could significantly impact the markets and the ecosystems of individual projects. A careful analysis of these changes will reveal their potential influence on the overall dynamics of the industry and its participants.
