Binance announced a temporary halt on operations with the SEI token due to a scheduled network upgrade set for August 5, 2025.
SEI Network Upgrade
The suspension of operations will begin on August 4, 2025, ahead of the scheduled upgrade, which will take place at block height 160,945,710, expected around 03:00 CEST on August 5.
Exchange Operations During Upgrade
According to Binance, trading of SEI tokens and other tokens running on this network will continue as normal throughout the process. The exchange will manage all technical adjustments internally, allowing users to avoid any action on their end. Deposits and withdrawals will resume once the upgrade is finalized and the blockchain is confirmed to be operating smoothly.
Role of SEI Token in Ecosystem
The SEI token plays a central role in the network’s ecosystem, functioning as a staking asset, payment method for transaction fees, and governance tool for protocol decisions. With a capped supply of 10 billion SEI, a significant portion is reserved for community initiatives and the expansion of the network’s ecosystem.
The SEI network upgrade is a significant event for users and participants of the ecosystem, as it impacts the functionality and stability of the SEI token on the exchange.
