Here’s how Binance is supporting Polygon’s network upgrade
2025-06-30 12:36:10
Main Idea
Polygon is undergoing a network upgrade called the Bhilai Hard Fork, which aims to improve the blockchain's throughput and performance.
Key Points
1. Binance will temporarily suspend Polygon deposits during the upgrade, starting at 16:10 ET, with trading unaffected.
2. The Bhilai Hard Fork introduces Bor version v2.1.1, expected to increase Polygon's throughput to ~1,000 TPS with sub-five-second finality.
3. A follow-up upgrade in October may further boost performance to 5,000 TPS.
4. The upgrade aligns with the POL standard to enhance network operations for users and developers.
Description
Layer 2 blockchain Polygon is set for an upgrade this week, and crypto exchange Binance is taking steps to support this process. According to an official June 30 notice , Binance will temporarily suspend deposits and withdrawals for the Polygon network on July 1 as part of preparations for the scheduled network upgrade and hard fork. The suspension will begin at 16:10 ET, with the upgrade expected to occur an hour later at block height 73,440,256. During this time, however, trading of Polygon to...
Latest News
- Belgian Court sentences three for crypto coach’s wife kidnapping2025-07-04 12:19:31
- SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m2025-07-04 11:32:52
- Amber International raises over a quarter of $100m goal to boost crypto holdings2025-07-04 11:32:05
- Analysis: Bitcoin could reach $120K in July amid BTC market maturity2025-07-04 11:29:14
- $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report2025-07-04 11:16:45