This Week in Top Crypto News: From Jupiter Mobile V2 to Orca's 25% Supply Burn

This week, several top crypto news events are in the lineup, with stories spanning various ecosystems and having price implications for concerned tokens.

Several top crypto news events will take place this week, spanning various ecosystems and having price implications for the respective tokens. From Jupiter and Orca decentralized exchange (DEX) updates to the PolitiFi meme coin TRUMP, here’s a roundup with traders and investors having the first-mover advantage to capitalize on the volatility.

Jupiter Mobile V2 and Product Launches

Solana-based decentralized exchange aggregator Jupiter will announce several product launches this week, with the spotlight on Jupiter Mobile v2.

The upgraded mobile application aims to enhance user experience (UX) with a more intuitive interface, faster transaction processing, and seamless access to Jupiter’s liquidity aggregation tools.

The launch will include advanced features like improved token swap routing, real-time market data, and enhanced wallet integration, catering to both novice and experienced traders.

Jupiter’s focus on mobile accessibility aligns with its mission to make DeFi more inclusive, potentially driving higher user adoption. The new product suite may also introduce governance enhancements for the JUP token, strengthening community participation in the Jupiter DAO.

Ahead of this development, Jupiter’s JUP token traded for $0.39, dropping by almost 2% in the last 24 hours.

Still, with Solana’s high-speed, low-cost blockchain as its backbone, Jupiter Mobile v2 could set a new standard for DeFi mobile platforms. This could, in turn, boost trading volume and ecosystem engagement.

These launches highlight Jupiter’s commitment to innovation and its role as a key player in Solana’s DeFi space, positioning it to compete with top aggregators like Uniswap.

EigenLayer Slashing Upgrade

EigenLayer, an Ethereum-based restaking protocol, will activate its Slashing Upgrade on Thursday, April 17. The network introduced the critical mechanism to penalize validators who act maliciously or fail to meet performance standards.

“Protocol-complete become reality on April 17th with the launch of Slashing on EigenLayer,” the network shared.

This move would enhance the protocol’s security and reliability. Slashing ensures that staked assets are protected by discouraging behaviors like double-signing or downtime, which could undermine trust in EigenLayer’s restaking ecosystem.

The upgrade could also bolster confidence among users who delegate their Ethereum (ETH) to operators, as it aligns incentives for honest participation.

The Slashing Upgrade may also refine EigenLayer’s risk management framework, potentially attracting more institutional interest in restaking.

By strengthening its infrastructure, EigenLayer aims to maintain its edge in competitive staking, where protocols like Lido and Rocket Pool are also vying for dominance.

Community discussions on X highlight anticipation for improved stability, though some users speculate about short-term volatility in EIGEN token prices due to market reactions.

As of this writing, EigenLayer’s powering token, EIGEN, traded for $0.82. This represents a drop of over 2% in the last 24 hours.

Notwithstanding, this upgrade marks a pivotal step in EigenLayer’s evolution, reinforcing its role in Ethereum’s scaling and decentralization efforts.

Fluid Dynamic Fees Implementation

The Fluid ecosystem is also among the top crypto news stories this week as it rolls out its dynamic fees implementation. The emerging decentralized exchange aims to optimize trading efficiency and boost platform activity.

“Lending, borrowing, and earning trading fees — all in one move? That is what Fluid is unlocking. No idle assets. No missed opportunities. Just pure DeFi efficiency,” noted one user in a post.

Unlike static fee models, dynamic fees adjust in real-time based on market conditions, volatility, and liquidity. This ensures fairer pricing for traders and incentivizes liquidity providers.

This system reduces slippage and enhances capital efficiency, making Fluid more competitive against established DEXs like Uniswap and Curve.

“… the ETH/USDC pool on Fluid has generated about the same fees as the Uniswap pool. This happened because we analyzed LP performance across different fee tiers over the years, and the data showed that the 0.05% fee tier was too low for this pair. We’re planning to roll out dynamic fees soon, but in the meantime, we’ve increased the fee to 0.1%. As a result, volumes dipped slightly, but fees increased significantly. With dynamic fees, we expect to capture even more volume and generate even more fees,” wrote Fluid COO DMH in a recent post.

The implementation could attract a broader user base by offering cost-effective trades during low-volatility periods while maintaining stability during market spikes.

However, the success of this rollout will depend on seamless execution and user adoption, as overly complex fee adjustments could deter retail traders.

KernelDAO Token Launch and S1 Airdrop

Also on the leaderboard in this week’s top crypto news is KernelDAO, the project behind K DAO. It is launching its KERNEL token today, April 14, accompanied by the Season 1 (S1)