Binance has announced its support for the upcoming Sei (SEI) network upgrade, leading to a temporary suspension of token operations.
Schedule and Details of the Upgrade
The Sei network upgrade is scheduled to occur at block height 160,945,710, approximately at 03:00 CEST on August 5, 2025. Trading of tokens on the network will not be affected by this process.
Technical Aspects of the Upgrade
Binance stated that it will handle all technical requirements on behalf of users. Deposits and withdrawals will be reopened once the upgrade is complete and the network is stable. No further announcements will be made on this matter.
Information about SEI Token
The SEI token serves multiple purposes within the ecosystem: it is staked to secure the network, used to pay transaction fees, and participate in governance decisions. The total supply is capped at 10 billion tokens, with a significant portion allocated to community initiatives and ecosystem development.
The Sei network upgrade is an important event for users and participants of the ecosystem. Binance's support aims to ensure necessary stability during this transitional process.
