Binance has announced a temporary suspension of Injective (INJ) deposits and withdrawals to support a major network upgrade. This move ensures a smooth transition for the Injective Network, enhancing its scalability and security. Here’s what you need to know.
Why is Binance Suspending INJ Deposits and Withdrawals?
Binance will temporarily halt INJ deposits and withdrawals on July 31, 2025, at 13:00 UTC. This suspension is part of a routine process to facilitate the Injective Network upgrade and hard fork. Key improvements include:
- Faster transaction processing
- Enhanced security protocols
- Improved cross-chain interoperability
What Does the Injective Network Upgrade Mean for DeFi?
The upgrade aims to strengthen Injective’s position in the DeFi ecosystem. With new tools and better liquidity support, INJ could see increased utility. Analysts remain optimistic about its long-term growth.
How Long Will the Suspension Last?
Binance has not provided a specific timeline but confirms updates will be shared via official channels. Users should complete transactions before the cutoff to avoid delays.
FAQs
1. Can I still trade INJ on Binance during the suspension?
Yes, trading will remain unaffected. Only deposits and withdrawals are paused.
2. Are my INJ tokens safe during the upgrade?
Yes, Binance and Injective have confirmed user funds remain secure.
3. What improvements does the Injective Network upgrade bring?
The upgrade enhances scalability, security, and cross-chain functionality.
4. When will services resume?
No exact timeline, but updates will be posted on official Binance and Injective channels.
