Binance, one of the world’s leading cryptocurrency exchanges, has announced its support for the upcoming Dymension (DYM) network upgrade. The upgrade is scheduled to occur on January 6, 2025, at block height 5,135,550, which is estimated to take place at approximately 13:00 (UTC).
To ensure a smooth transition and the best user experience, Binance will suspend deposits and withdrawals of tokens on the Dymension (DYM) network starting at around 12:00 (UTC) on the same day.
Key Details
1. No Impact on Trading
The trading of Dymension (DYM) tokens will continue as usual throughout the upgrade. Users holding or trading DYM will not experience any disruptions to their trading activities.
2. Automated Technical Management
Binance has assured users that it will manage all technical requirements related to the network upgrade on their behalf. This ensures a seamless process for all platform users.
3. Resumption of Deposits and Withdrawals
Deposits and withdrawals for DYM tokens will resume once the upgraded network is deemed stable. Binance will monitor the network’s status and reopen these services without issuing a further announcement.
User Advisory
Binance has advised users to plan their transactions accordingly, as deposits and withdrawals on the Dymension network will be temporarily unavailable during the upgrade.
About Network Upgrades
Network upgrades are a routine part of blockchain ecosystems, designed to improve performance, security, and scalability. They often include updates to the underlying protocol, enhancing the overall functionality of the network.
Stay Informed
Binance reminds users that any discrepancies between translations and the original English announcement should default to the English version for the most accurate information. For additional details about the upgrade, users are encouraged to consult the official announcement from the Dymension project team.
Closing Note
Binance’s proactive support for blockchain network upgrades highlights its commitment to providing a reliable and user-friendly platform. The exchange’s handling of the technical aspects ensures that users can focus on their investments without worrying about technical disruptions.
For updates and more information, stay tuned to Binance’s official channels.
Binance Team – January 6, 2025
