Bybit Confirms Support for BABY1 Network Upgrade
Bybit, a leading cryptocurrency exchange, will support the Babylon (BABY1) v4.1 network upgrade set for November 24, 2025. This upgrade is integral for blockchain advancements and ensures security as deposits and withdrawals are temporarily paused.
The upgrade primarily affects the BABY1 token. Trading activities on Bybit's Spot platform will remain uninterrupted during the process, emphasizing the exchange's commitment to technological updates without disrupting user activities.
Bybit has announced support for the Babylon (BABY1) v4.1 network upgrade, scheduled for November 24, 2025, affirmed by official sources. The upgrade is led by BabylonLabs, with Bybit handling migration protocols for users. This upgrade marks another step in Babylon's ongoing development, ensuring continued network efficiency and user engagement.
Network Upgrade Details and User Impact
Bybit and HTX will temporarily suspend BABY1 withdrawals and deposits during the upgrade. This measure is in place to ensure a smooth transition without affecting trading activities. User funds remain secure, and no issuance of new tokens has been documented.
The upgrade continues a pattern of consistent enhancements, with impacts confined to BABY1. Historical trends indicate stable market behavior following such updates, with trading volume on Bybit expected to maintain its course. Liquidity or TVL changes are unreported.
Past Upgrades and Security Precedents
Previous upgrades, such as BABY1 v1.1 and v4.0.0, proceeded without notable disruptions. These events have set precedents for security measures, with trading unaffected while deposits and withdrawals temporarily halt during upgrades.
Consistent upgrades align with industry trends focusing on enhanced network stability and security, ensuring long-term user confidence in platform operations.
Bybit will be supporting the Babylon (BABY1) v4.1 Network Upgrade, which is expected to take place on Nov 24, 2025...