This week marks critical milestones for leading cryptocurrencies such as RUNE crypto, ZK, JUP, LUNA, and DUSK. Key updates, including ecosystem expansions, incentives, and regulatory moments, dominate the headlines. These events are anticipated to shape trading activity and community engagement in the days ahead.
RUNE Crypto has expanded the crosschain compatibility
Base Layer 2 cross-chain swaps for Thorchain’s RUNE crypto will be enabled next week. It is anticipated that this update will optimize interoperability in the ecosystem and help multi-chain traders utilize it more. Currently priced at $5.07 and $165M in daily volume, RUNE is looking to expand its liquidity.
Thorchain’s strategy to dominate all aspects of cross-chain decentralized exchanges supports Base L2. What they are looking forward to is more clear transactions among the networks minus intermediaries. This puts Thorchain in a good position compared to the DeFi space.
Fee Switch Mechanism Introduced by USUAL
The USUAL fee switch mechanism will go live on January 7 to maximize transaction efficiency within its network. Now at $0.9083, USUAL boasts steady volume, with $150M+ in 24hr transacted. This is one of the updates that shows what the focus of the platform is on scalability and the incentives of users.
This activation of the fee switch mechanism is a sign of a change towards cheaper decentralized trading solutions. This goal of USUAL is to increase market relevance and the adoption of this service by reducing transaction costs. This could also help its overnight user retention within its ecosystem.
ZK Unveils the 300M Token Giveaway Program
On January 6, ZKSync will launch its incentive program, which includes 300 million ZK tokens for decentralized finance users. At $0.207, the ZK market is also relatively quiet as traders get ready for the program’s upcoming launch. This initiative rewards active participants and at the same time, attracts new users.
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This will help incentivize ZKSync to increase its stature in the layer-2 scaling solution market. The platform adoption may be encouraged through the use of token rewards, which not only incentivize adoption but will also drive up transaction volumes on the network. This is crucial as we move into a race for zk-rollup platforms.
JUP May be Preparing for a $700M Airdrop
The next airdrop for Jupiter (JUP) is coming and set to airdrop tokens worth $700M this week. JUP comes with a price of $0.0941 and 142% 7-day growth in price with lots of momentum on its side. This will energize the community and offer a wider adoption.
The airdrop checker release makes it easier to participate by allowing holders to instantly check if they are eligible to receive the airdrop or amount. Jupiter’s ecosystem will likely attract new investors to the event. Crypto projects continue to rely on Airdrops as a proven engagement tuning strategy.
Key Legal Hearing on Hold for LUNA
Terra founder Do Kwon’s second US hearing in the case is scheduled for January 8. The token is trading at $0.4603, as the market stays on the sidelines amid ongoing legal action. The case outcome could have a bearing on LUNA’s future trajectory.
Meanwhile, regulatory clarity regarding Terra could continue to impact investor sentiment throughout the wider market. Terra has been scrutinised for its compliance practices. The project’s turbulent history has played out at this hearing.
