Binance Backs THORChain’s Game-Changing Network Upgrade - Here’s Why It Matters

Breaking: Major exchange throws weight behind decentralized liquidity protocol's evolution.

The Upgrade Blueprint

THORChain's network overhaul represents one of the most significant infrastructure shifts in DeFi this quarter. Binance's support signals institutional confidence in cross-chain liquidity solutions that actually work outside theoretical whitepapers.

Market Mechanics Shift

This upgrade slashes transaction finality times while boosting network throughput—exactly what traders need when moving assets across chains without traditional intermediaries taking their cut. The protocol now handles volume spikes that would make traditional payment processors blush.

Liquidity Without Limits

Forget bridge vulnerabilities and wrapped asset compromises. THORChain's upgrade delivers native asset swaps with security that centralized exchanges can only promise between golf games with regulators.

Final Take: While Wall Street still debates whether crypto is 'real,' protocols like THORChain keep building the financial infrastructure that will eventually replace their legacy systems—upgrade by upgrade.

Temporary Suspension of Transactions

According to Binance’s announcement, THORChain network deposits and withdrawals will be temporarily halted starting at 6:30 PM Turkish time on September 18, 2025. The update is planned to occur when the block height reaches 22,893,000, approximately estimated to be around 7:30 PM the same day.

The exchange clarifies that only deposit and withdrawal transactions via the network will be affected, while trading operations will continue as usual. Binance assures that users do not need to take any action, as it will handle all technical necessities during this period.

Binance further stated that the deposit and withdrawal services on the THORChain network WOULD resume once the network update is complete and stabilized. No additional announcements will be made regarding this resumption.

Implementation of the Network Update

The upgrade and hard fork on the THORChain network will activate once the targeted block height is reached. This transition to the network’s updated version is intended to enhance the system’s technical security and operational efficiency.

Binance emphasized that the entire technical process relating to the network upgrade would be managed for users and that all necessary steps to ensure the security of user funds will be taken. The timing for the resumption of transactions will be determined based on the network’s stability post-update.

Upon the successful completion of the update, users will once again gain access to deposit and withdrawal services on the THORChain network. Binance highlighted that no further announcements will be made at this stage.