The cryptocurrency ecosystem continues to evolve rapidly, with blockchain networks regularly implementing upgrades to enhance performance, security, and scalability. One of the latest developments involves major network upgrades for Sei (SEI) and Ronin (RON)—two high-performance blockchains gaining traction in the decentralized finance (DeFi) and gaming sectors. Binance, one of the world’s leading cryptocurrency exchanges, has announced its support for both upcoming network upgrades and hard forks.
This move ensures a seamless experience for users holding or transacting SEI and RON tokens during these critical network transitions. Below is a detailed breakdown of what these upgrades entail, the timeline for execution, and how Binance is preparing its infrastructure to support them.
Understanding the Sei (SEI) Network Upgrade
Sei Network is a Layer-1 blockchain optimized for decentralized trading applications, particularly decentralized exchanges (DEXs). Known for its high-speed transaction finality and built-in order-matching engine, Sei aims to solve common bottlenecks in DeFi trading such as latency and front-running.
The upcoming upgrade is scheduled to take place at block height 34,078,260, with an estimated timestamp of October 24, 2023, at 00:00 UTC. This will involve a hard fork, meaning the network will implement backward-incompatible changes that require all nodes and participants to upgrade their software.
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To prepare for this transition, Binance will suspend SEI token deposits and withdrawals starting October 23, 2023, at 23:00 UTC. This temporary pause allows the exchange to synchronize with the new chain, validate the fork’s success, and ensure all user funds remain secure. Once the network stabilizes post-upgrade, Binance will resume normal operations.
Key benefits expected from the Sei upgrade include:
- Improved consensus mechanism for faster block propagation
- Enhanced smart contract capabilities
- Better interoperability with other Cosmos SDK-based chains
- Optimizations in transaction processing speed
These improvements reinforce Sei’s position as a go-to blockchain for high-frequency trading applications.
Ronin (RON) Network Upgrade: Powering the Future of Web3 Gaming
Ronin Network, originally developed by Sky Mavis as a sidechain for the popular play-to-earn game Axie Infinity, has evolved into a full-fledged Ethereum-linked blockchain focused on gaming and NFT transactions. With low fees and fast confirmations, Ronin supports a growing ecosystem of Web3 games and digital asset marketplaces.
The Ronin team plans to execute a hard fork at block height 28,825,400, estimated to occur on October 26, 2023, at 15:00 UTC. This upgrade introduces critical protocol enhancements aimed at improving network resilience and expanding developer tooling.
In anticipation of the fork, Binance will suspend RON token deposits and withdrawals beginning October 26, 2023, at 14:00 UTC. As with the Sei upgrade, this precautionary measure ensures system stability and protects user assets during the transition period.
Notable features included in the Ronin upgrade:
- Strengthened validator security protocols
- Gas fee optimizations for NFT minting and transfers
- Upgraded bridge mechanisms between Ronin and Ethereum
- Support for new EVM-compatible functionalities
These upgrades are expected to boost user engagement across Ronin-based games and attract more developers to build on the platform.
Why Network Upgrades Matter for Crypto Users
Blockchain upgrades like hard forks are essential for long-term network health. They enable innovation, fix vulnerabilities, and improve scalability—key factors in sustaining user trust and adoption. However, they also pose short-term risks such as chain splits or transaction failures if not properly coordinated.
Exchanges like Binance play a crucial role in mitigating these risks by:
- Communicating clear timelines to users
- Temporarily pausing affected services to prevent fund loss
- Validating chain continuity before resuming operations
- Providing post-upgrade support and monitoring
Users are advised to avoid initiating deposits or withdrawals near the suspension windows to prevent potential transaction failures or delays.
Frequently Asked Questions (FAQ)
Q: What is a hard fork?
A: A hard fork is a permanent divergence in a blockchain’s protocol that makes previously invalid blocks or transactions valid (or vice versa). It requires all nodes to upgrade to the latest software version to remain part of the network.
Q: Will my SEI or RON tokens be affected during the upgrade?
A: No. Your tokens are safe. Binance suspends deposits and withdrawals as a precaution. Once the network stabilizes, services will resume without impacting your holdings.
Q: Can I still trade SEI or RON during the suspension?
A: Yes. Trading remains available on Binance during the maintenance window. Only deposit and withdrawal functions are paused.
Q: How long do network upgrades usually take?
A: The actual fork occurs almost instantly at the designated block height. However, exchanges may take several hours to verify synchronization before restoring services.
Q: What should I do if my transaction fails around the upgrade time?
A: Wait until Binance announces the resumption of services. Attempting transactions during the suspension window may result in lost funds or failed transfers.
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Core Keywords Integration
This article focuses on key terms that reflect current market interest and search intent:
- Sei (SEI) – A high-speed Layer-1 blockchain for DeFi applications.
- Ronin (RON) – A gaming-focused Ethereum sidechain powering Axie Infinity.
- Network upgrade – Essential protocol improvements ensuring long-term blockchain viability.
- Hard fork – A significant change requiring consensus across the network.
- Binance support – Assurance from a top-tier exchange facilitating smooth transitions.
- Blockchain scalability – A core challenge addressed through technical upgrades.
- Crypto transaction security – A top priority during network changes.
- DeFi and Web3 gaming – Key use cases driving innovation in Sei and Ronin ecosystems.
These keywords have been naturally integrated throughout the content to align with SEO best practices while maintaining readability.
Final Thoughts
The upcoming Sei and Ronin network upgrades mark important milestones in their respective ecosystems. With Binance’s support, users can expect a smooth transition with minimal disruption. Staying informed about such events helps investors and traders make better decisions, especially when managing assets across multiple blockchains.
As blockchain technology advances, regular upgrades will become even more common—underscoring the importance of using reliable platforms that prioritize security, transparency, and user experience.
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