Binance has announced its support for the upcoming Injective (INJ) network upgrade and hard fork, a move that will temporarily suspend INJ token transactions. This upgrade is set to enhance the network’s functionality and security, making it a pivotal moment for INJ holders and the broader crypto community.
What is the Injective Network Upgrade?
The Injective Network upgrade, scheduled for July 31, 2025, includes a hard fork at block height 127,250,000. Key features of this upgrade include:
- EVM compatibility via Ethernia, a beta mainnet.
- Enhanced cross-chain interoperability.
- Improved security and performance.
Why is Binance Suspending INJ Transactions?
Binance will temporarily halt INJ deposits and withdrawals starting at 13:00 UTC to ensure a smooth transition during the upgrade. This precautionary measure helps prevent transaction failures or asset loss.
How Does EVM Compatibility Benefit Injective?
Ethereum Virtual Machine (EVM) compatibility is a game-changer for Injective, enabling:
- Seamless integration with Ethereum-based dApps.
- Attracting DeFi and smart contract developers.
- Expanding INJ token utility and adoption.
What Does This Mean for INJ Investors?
The upgrade positions Injective as a competitive blockchain platform, potentially boosting INJ’s value. Investors should:
- Avoid transactions during the suspension window.
- Monitor post-upgrade developments.
- Explore new opportunities in cross-chain DeFi.
Conclusion
Binance’s support for the Injective Network upgrade underscores the growing collaboration between exchanges and blockchain projects. This upgrade not only enhances INJ’s functionality but also signals Injective’s ambition to compete in the evolving crypto landscape.
Frequently Asked Questions (FAQs)
1. When will INJ transactions resume on Binance?
Transactions will resume once the upgrade is complete, expected by 22:00 UTC+8 on July 31, 2025.
2. What is Ethernia?
Ethernia is a beta mainnet launching with the upgrade, enabling EVM compatibility for Injective.
3. Will my INJ tokens be safe during the upgrade?
Yes, but avoid depositing or withdrawing INJ during the suspension to prevent issues.
4. How does EVM compatibility benefit Injective?
It allows Ethereum-based dApps and developers to seamlessly integrate with Injective, expanding its ecosystem.
5. What is the block height for the hard fork?
The hard fork occurs at block height 127,250,000.
