Binance Suspends Deposits, Withdrawals for Optimism, Metal DAO Upgrades

Binance has announced its support for the upcoming network upgrades and hard forks of Optimism (OP) and Metal DAO (MTL). The Optimism team is scheduled to conduct its network upgrade and hard fork on May 10, 2025, at 00:00 (UTC+8). Similarly, the Metal DAO team will perform its network upgrade and hard fork at block height 1,746,806,401 on the same date and time.

In preparation for these events, Binance will temporarily suspend token deposits and withdrawals for both networks starting from May 9, 2025, at 23:00 (UTC+8). This suspension is a standard precautionary measure to ensure the safety and integrity of user funds during the network upgrades.

These upgrades are significant for both Optimism and Metal DAO, as they aim to enhance the functionality, security, and efficiency of their respective networks. The hard forks will introduce new features and improvements, which are expected to benefit users and developers alike. Binance's support for these upgrades underscores its commitment to providing a seamless and secure trading experience for its users.

The suspension of token deposits and withdrawals is a necessary step to prevent any potential disruptions or losses during the upgrade process. Users are advised to plan their transactions accordingly and to monitor official announcements from both Binance and the respective network teams for the latest updates and instructions.

Overall, these network upgrades represent a positive development for the blockchain ecosystem, as they demonstrate the continuous evolution and improvement of decentralized technologies. Binance's proactive support for these upgrades reflects its role as a leading platform in the cryptocurrency industry, dedicated to fostering innovation and growth.