Binance users are not able to deposit and withdraw from the BNB Smart Chain as they are temporarily suspended while the platform performs wallet maintenance.
According to a recent announcement, the major crypto exchanges will be performing wallet maintenance on the BNB (BNB) smart chain from 06:00 UTC on April 17th. As a result, the network will be temporarily reduced due to repairs being made. This means that users will not be able to deposit and withdraw from the BNB Smart Chain for the time being.
The suspension is temporarily performed five minutes before wallet maintenance begins. Therefore, BNB Smart Chain deposits and withdrawals will be suspended at 05:55 UTC on April 17th.
However, Binance claimed that users can trade BNB tokens while wallet maintenance is taking place, as token transactions are not affected by network suspension.
Based on the information in the notification, wallet maintenance is expected to take approximately an hour to complete. However, this does not guarantee that the suspension will be released in an hour. Binance said deposits and withdrawals will resume once the network is considered stable enough.
April 15, 2025, chart showing Bnb Smart Chain Network’s TVL progression in 2025 | Source: Defi Llama
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The BEP-20 is the standard for tokens that were deployed in the BNB Smart Chain, previously known as the Binance Smart Chain. It is designed to be compatible with Ethereum (ETH) common ERC-20 tokens. Released in September 2020, the BEP-20 represents the various crypto assets that exist in the BNB Smart Chain and are used for all smart contracts.
According to data from Defi Llama, BSC has a total of $5.14 billion and a chain of 1.25 million active addresses. Over the past 24 hours, the network has accumulated $613,348 in chain rates and $667 million in DEXS volumes.
BNB Smart Chain has over 1,500 distributed apps or Dapps focused on the Defi protocol. Many of these protocols are associated with distributed exchanges. The network is also seeing activity from an additional 1,000 projects across other sectors.
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