Binance has announced that it will support future upgrades to its SEI (SEI) network. As a result, token deposits and withdrawals on the SEI network will be temporarily suspended from August 4, 2025.
Binance to support SEI (SEI) network upgrades
Network upgrades are expected to occur on August 5, 2025 at a block height of 160,945,710 at approximately 03:00 CEST. Transactions of tokens on the network are not affected by this process.
Binance said that it will handle all technical requirements on behalf of the user, and once the upgrade is complete and the network is stabilized, deposits and withdrawals will resume. No further announcements will be made on this issue.
What is a SEI token?
SEI tokens serve multiple purposes within the ecosystem. You can be wagered to secure your network, pay transaction fees and participate in governance decisions. The total supply concludes with 10 billion tokens, with a significant portion allocated to community initiatives and ecosystem development.
*This is not investment advice.
