Binance will temporarily pause INJ token deposits and withdrawals tomorrow as the Injective protocol rolls out its latest mainnet upgrade. Trading on the exchange will continue as normal, so holders won’t be locked out of their positions, just their on-chain movements.
The upgrade, designated IIP-665 or v1.20.1, is scheduled for a chain halt at approximately 14:00 UTC on July 2, 2026.
What IIP-665 actually does
IIP-665 is focused on performance optimizations and technical improvements across Injective’s on-chain modules and economic structures.
The upgrade builds on the much larger Vulcan mainnet upgrade, version 1.20.0, which went live on June 9, 2026. That one introduced native USDC support, new real-world asset markets, lower transaction fees, and an advanced oracle engine that slashed gas costs for price data by approximately 90%.
