Binance has announced a temporary suspension of Injective (INJ) deposits and withdrawals to facilitate a major network upgrade. This move aims to boost the network’s security, scalability, and transaction speed, marking a pivotal moment for INJ holders and the DeFi ecosystem.
Why is Binance Suspending INJ Transactions?
The suspension is part of a scheduled network upgrade designed to introduce significant improvements:
- 30% increase in transaction speed
- Enhanced security protocols
- Expanded network capacity
This upgrade is critical for Injective’s long-term growth and its position in the competitive DeFi space.
What Does This Mean for INJ Holders?
Users should complete urgent transactions before the suspension period. During the upgrade:
- Avoid initiating INJ transactions
- Monitor official channels for updates
- Expect temporary delays in processing
When Will Normal Operations Resume?
Binance will restore INJ deposits and withdrawals once the upgrade is complete. The exact timing will be communicated through:
- Binance official announcements
- Injective network updates
- Trusted crypto news sources
FAQs
How long will the INJ suspension last?
The suspension is expected to last several hours, depending on the upgrade’s progress.
Can I trade INJ during the upgrade?
Spot trading of INJ will remain unaffected; only deposits and withdrawals are suspended.
What improvements will the upgrade bring?
The upgrade focuses on faster transactions, better security, and increased network capacity.
Where can I get official updates?
Follow Binance and Injective’s official communication channels for real-time information.
