Binance Supports Zilliqa’s Network Upgrade and Hard Fork

Binance has officially declared its support for the impending Zilliqa network upgrade. Scheduled for September 24, 2025, this upgrade seeks to enhance Zilliqa’s scalability and competitiveness. Binance will automatically allocate new ZIL tokens to users.

Key organizations involved include Binance and Zilliqa. Actions taken involve suspending deposits and withdrawals during the event. Zilliqa’s focus is on upgrading to improve throughput and security.

Immediate effects include increased confidence in Zilliqa, as shown by active addresses and transaction volumes. Market confidence is likely to boost with this exchange support.

The upgrade implies significant advancements in transaction efficiency and cost reduction. Broader implications may lead to increased liquidity and total value locked (TVL) in the network. “Increased scalability, lower fees, and renewed competitive positioning,” as seen in on-chain activity trends and engagement surges on official Zilliqa channels.

Binance’s endorsement signals robust institutional trust, adding strength to market perceptions. The upgrade potentially sets precedents for increased industry support for network advancements.

Insights from historical data suggest similar events lead to positive market shifts. Expectations of reduced transaction costs and increased security are likely to bolster liquidity. Binance’s role as a backer adds institutional validation.