Binance will support a THORChain (RUNE) network upgrade on November 4, 2025, temporarily suspending deposits and withdrawals, but maintaining uninterrupted RUNE trading.
The upgrade, aiming to enhance network security and functionality, may impact RUNE's liquidity and staking, reflecting confidence in THORChain's evolving capabilities.
Binance Halts RUNE Deposits for THORChain Upgrade
Binance will support the upcoming THORChain (RUNE) network upgrade. The process involves a temporary suspension of deposits and withdrawals, commencing November 4, 2025. Binance assures users of automated support during the upgrade to ensure network stability. You can find more details in the Binance announcement.
The Binance team is orchestrating technical requirements for users. "Binance will handle all technical requirements involved for all users" with deposits and withdrawals suspended temporarily for upgrade support. THORChain developers announced the upgrade, aiming to enhance security and functionality with no manual user intervention required until complete.
Trading Unaffected as Binance Backs THORChain
Trading of RUNE will continue uninterrupted during the upgrade, suggesting a confidence in network stability. Binance and other exchanges have supported such upgrades to protect user funds during previous operations.
Historical data typically shows enhanced network performance and increased decentralized liquidity post-upgrade. For real-time insights and updates on developments, you can check THORChain's official channels:
Decentralized Liquidity Boost Expected Post-Upgrade
Most past THORChain upgrades required halts in deposits and withdrawals, ensuring smooth operation. Binance's actions align with industry norms, aiming to safeguard user assets similar to previous support instances.
Experts predict a rise in decentralized liquidity and enhanced network performance post-upgrade. Historical trends indicate a positive impact on RUNE's role in cross-chain liquidity, vital for decentralized finance protocols.