The new Explosive Velocity update is coming to EVE Online as part of the Phoenix Quadrant on 24 November, with changes to damage application for torpedoes, as well as updates to Dreadnought class hulls and the Griffin Navy Issue.
XL torpedoes are getting increases to damage, explosion velocity, and missile velocity, with all other torpedoes also having their explosion and missile velocities increased, and explosion radius decreased. There are also specific changes for the Moros, Phoenix, and Stealth Bombers.