Binance is set to support the upcoming network upgrade and hard fork of THORChain (RUNE), scheduled for July 17, 2025, at 01:00 (UTC+8). The upgrade occurs at block height 21,984,000. Its intention is to catalyze greater cross-chain interoperability, optimize transaction efficiency, and create a more representative decentralized governance framework. This decision further reaffirms Binance’s ongoing dedication to encouraging innovation in the growing decentralized finance (DeFi) community.
The entire project team will carry out the upgrade, as has been THORChain’s custom with decentralized and transparent development. Better User Experience — THORChain improves user experience by enabling seamless transfers of assets across multiple blockchain networks. This design strategy is intended to attract more players to its ecosystem.
The highly-anticipated upgrade is expected to have a positive effect on THORChain (RUNE), bringing additional users and developers to the network. This tremendous upgrade brings a more democratic, member-driven governance structure. Now, the community has an opportunity to truly engage with decision-makers and help shape their plans. This approach aligns with the ethos of decentralization that underpins blockchain technology.
Binance’s support for this upgrade is a continuation of its strategy of supporting innovative projects that are advancing the capabilities of blockchain technology. With a proven track record of supporting innovative ventures, Binance's endorsement lends credibility to THORChain's efforts to enhance cross-chain functionality and governance. The joint venture between Binance and THORChain marks a promising step towards improving interoperability in the developing world of decentralized finance.
