The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting major exchanges' commitment to decentralized finance infrastructure, Binance has announced its official support for the Injective mainnet upgrade. Scheduled for tomorrow, the exchange will temporarily halt token deposits to ensure a smooth transition during the technical process. This upgrade is designed to enhance network efficiency and scalability to meet growing ecosystem demands.
The upgrade comes as Injective seeks to bolster its DeFi competitiveness and attract institutional interest, potentially driving future demand for the INJ token. Compared to previous network upgrades for peers like Solana or Polygon, Binance's support is a critical factor in maintaining liquidity and protecting end-users, per market data. Traders typically view these technical milestones as long-term growth catalysts that outweigh temporary operational pauses.
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Sign InInvestors should monitor for the resumption of deposit services once network stability is confirmed by both Injective and Binance teams. Looking at the economic calendar, broader crypto sentiment may be influenced by US inflation data (PCE) on June 25, 2026, which previously stood at 4.1% YoY according to pre-fetched data. Liquidity levels for INJ will remain a key focus immediately following the successful completion of the mainnet transition.