Binance Temporarily Suspends INJ Deposits and Withdrawals for Injective Network Upgrade

Binance has announced a temporary suspension of Injective (INJ) deposits and withdrawals on July 31, 2025, at 13:00 UTC, to support a critical network upgrade and hard fork. The move is part of a routine process to ensure the smooth implementation of the upgrade, which aims to enhance the network’s scalability, security, and functionality [1]. During the suspension period, users will be unable to deposit or withdraw INJ tokens, and all transactions must be completed before the cutoff time to avoid potential delays or failures [1].

The Injective network upgrade introduces a range of improvements, including faster transaction processing, stronger security protocols, and enhanced cross-chain interoperability. These updates are expected to improve the overall performance of the Injective Protocol and expand its capabilities in the decentralized finance (DeFi) ecosystem. The introduction of new DeFi tools and improved liquidity support will further position Injective as a competitive player in the space [1].

Injective Protocol is a layer-1 blockchain specifically designed for decentralized finance applications. It features a decentralized on-chain orderbook that mimics the user experience of centralized exchanges while maintaining full decentralization. Its cross-chain compatibility with major ecosystems such as Ethereum, Cosmos, and Solana enhances liquidity and facilitates broader adoption [1].

Binance and Injective have confirmed that user funds remain secure during the suspension period. Users are advised to monitor official announcements from both platforms for updates on the resumption of services [1]. Analysts suggest that while the suspension may temporarily affect trading volume for INJ on Binance, the long-term outlook remains positive. The network upgrade signals a commitment to innovation and robust infrastructure, which could attract more developers and users to the Injective ecosystem, potentially increasing the token’s utility and value over time [1].

The suspension is expected to last until the upgrade is fully completed, with no specific timeline provided. Both Binance and Injective will issue updates through official channels. INJ holders are encouraged to act early and finalize any transactions before the cutoff to avoid any inconvenience.

This upgrade reinforces Injective’s position as a leading blockchain protocol in the DeFi space, offering improved security, speed, and functionality. The successful execution of the network upgrade will further solidify Injective’s role in the evolving decentralized finance landscape and support its long-term growth and adoption [1].

Source: [1] Binance Plans Temporary Suspension of Injective (INJ) Deposits and Withdrawals Ahead of Network Upgrade

https://en.coinotag.com/binance-plans-temporary-suspension-of-injective-inj-deposits-and-withdrawals-ahead-of-network-upgrade/