Binance will suspend deposits and withdrawals of Injective (INJ) tokens starting later today at 13:00 UTC to accommodate a major network upgrade.
The scheduled suspension allows for enhancements to Injective’s core functionality, focusing on three critical areas: improved network scalability, heightened security protocols, and the integration of new protocol features. User assets will remain secure during this temporary pause.
INJ holders must complete any pending deposit or withdrawal transactions before the 13:00 UTC cutoff. Services will resume after the network upgrade is thoroughly tested and validated.
This upgrade is strategically positioned to bolster Injective’s competitiveness within the decentralized finance sector, potentially increasing the token’s long-term utility and value proposition as development milestones are achieved.