TLDR
- Binance will suspend Polygon withdrawals on October 8, 2025, to support the network upgrade and hard fork.
- The suspension will start at 1:12 p.m. UTC, but trading on the Polygon network will remain unaffected.
- The Polygon network upgrade, known as the Rio upgrade, will occur at block height 77,414,656.
- The Rio upgrade will enhance Polygon’s core architecture to improve scalability and transaction speeds.
- Key features of the upgrade include Validator-Elected Block Producer and Stateless Block Verification.
Binance will suspend Polygon (POL) network deposits and withdrawals on October 8, 2025, to support the upcoming upgrade and hard fork. The suspension will begin at 1:12 p.m. UTC. However, trading on the Polygon network will remain unaffected. This temporary suspension is necessary to ensure a smooth transition for the network upgrade.
Polygon Network Upgrade and Hard Fork
The Polygon network is set to undergo a significant upgrade and hard fork on October 8, 2025. The upgrade, known as the Rio mainnet network upgrade, will occur at block height 77,414,656. This upgrade aims to enhance the network’s core architecture efficiency, preparing it for future scalability. It will also introduce new features like stateless block verification to reduce validator costs.
According to Binance, “The network upgrade and hard fork are essential for enhancing Polygon’s overall performance.” The upgrade will enable Polygon to handle global payments and Real-World Assets (RWAs) more efficiently. The upgrade also allows Polygon’s Proof of Stake (PoS) network to handle up to 5,000 transactions per second (TPS). As a result, the blockchain’s efficiency and scalability will improve significantly.
Changes Brought by the Rio Upgrade
The Rio upgrade will introduce significant changes to the Polygon network. One of the main changes is the redesign of the validator set for improved efficiency. Additionally, PIP-64, “Validator-Elected Block Producer,” will shift power from the protocol code to the validator’s choice. The new system will introduce a Validator-Elected Block Producer (VEBloP) to the network.
Furthermore, PIP-65, “Economic Model for VEBloP,” will introduce a fee redistribution mechanism. This new system aims to align incentives between active block producers and the validator set. Lastly, PIP-72, “Witness-Based Stateless Verification,” will reduce storage bloat and lower hardware costs by allowing nodes to validate blocks without the whole blockchain state.
