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Binance to Support Polygon (POL) Network Upgrade & Hard Fork on July 1, 2025
Binance to Support Polygon (POL) Network Upgrade & Hard Fork on July 1, 2025
On July 1, 2025, Polygon (POL) is undergoing its scheduled Bhilai Hard Fork, designed to enhance the network’s scalability, throughput, and protocol efficiency. The upgrade is triggered at block height 73,440,256, estimated for approximately 09:10 (UTC) .
What Binance Is Doing 🛠️
To facilitate a smooth upgrade, Binance will temporarily suspend deposits and withdrawals on the Polygon network, starting at 08:10 (UTC) on the upgrade day . This proactive suspension aims to prevent deposit/withdrawal failures and ensure funds are neither lost nor stuck during the fork.
What Users Can Expect
Trading unaffected: Spot trading of POL tokens remains available throughout .
No action required: Binance will automatically handle all technical adjustments—users don’t need to migrate wallets or change network settings .
Service resumption: Deposits and withdrawals will only resume once the upgraded network is confirmed stable. Binance states it will not issue further announcements in this regard .
Upgrade Details & Benefits
The Bhilai Hard Fork updates Bor nodes to v2.1.1, enabling the network to handle approximately 1,000 TPS with sub‑five‑second finality. A subsequent October upgrade aims to further enhance performance to 5,000 TPS and one‑second finality . Core protocol enhancements include adopting PIP‑60, increased gas limits (up to 45 M), and an anticipated transition to a new POL token standard .
Why It Matters
This upgrade marks a critical step toward making Polygon more robust for decentralized finance (DeFi), NFT platforms, and other high-throughput use cases. Binance’s coordination ensures minimal disruption, bolstering user confidence and preserving ecosystem stability.
In summary, Binance’s orchestration during the July 1 hard fork—suspending liquidity functions briefly, maintaining trading, and automating the technical process—reflects best practices in managing network upgrades. Users should reroute any planned deposits ahead of July 1, monitor the network’s health, and expect withdrawal services to resume shortly after the network stabilizes.
BlockchainUpgrade
#CryptoSecurity
#Scalability
#Layer2
#Web3News
#POLUpgrade
$XRP
$BNB
$SOL
On July 1, 2025, Polygon (POL) is undergoing its scheduled Bhilai Hard Fork, designed to enhance the network’s scalability, throughput, and protocol efficiency. The upgrade is triggered at block height 73,440,256, estimated for approximately 09:10 (UTC) .
What Binance Is Doing 🛠️
To facilitate a smooth upgrade, Binance will temporarily suspend deposits and withdrawals on the Polygon network, starting at 08:10 (UTC) on the upgrade day . This proactive suspension aims to prevent deposit/withdrawal failures and ensure funds are neither lost nor stuck during the fork.
What Users Can Expect
Trading unaffected: Spot trading of POL tokens remains available throughout .
No action required: Binance will automatically handle all technical adjustments—users don’t need to migrate wallets or change network settings .
Service resumption: Deposits and withdrawals will only resume once the upgraded network is confirmed stable. Binance states it will not issue further announcements in this regard .
Upgrade Details & Benefits
The Bhilai Hard Fork updates Bor nodes to v2.1.1, enabling the network to handle approximately 1,000 TPS with sub‑five‑second finality. A subsequent October upgrade aims to further enhance performance to 5,000 TPS and one‑second finality . Core protocol enhancements include adopting PIP‑60, increased gas limits (up to 45 M), and an anticipated transition to a new POL token standard .
Why It Matters
This upgrade marks a critical step toward making Polygon more robust for decentralized finance (DeFi), NFT platforms, and other high-throughput use cases. Binance’s coordination ensures minimal disruption, bolstering user confidence and preserving ecosystem stability.
In summary, Binance’s orchestration during the July 1 hard fork—suspending liquidity functions briefly, maintaining trading, and automating the technical process—reflects best practices in managing network upgrades. Users should reroute any planned deposits ahead of July 1, monitor the network’s health, and expect withdrawal services to resume shortly after the network stabilizes.
BlockchainUpgrade
#CryptoSecurity
#Scalability
#Layer2
#Web3News
#POLUpgrade
$XRP
$BNB
$SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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