Near Protocol’s upcoming major upgrade, scheduled to commence on August 18, 2025, at 04:00 CEST, will be facilitated by Binance. The exchange will handle all the technical steps during this period. Deposits and withdrawals on the NEAR network will be suspended one hour prior to the upgrade. Trading of NEAR tokens will remain active throughout the process. Binance emphasizes no action from users is required; transfers will resume once the network stabilizes. Near Protocol, known for its cost-effective transactions and high processing speeds, aims to enhance performance, bolster security, and introduce new features through this upgrade. Binance’s involvement simplifies the transition process, allowing users to avoid technical complexities often associated with these events. This upgrade is part of the competitive drive within the blockchain sector where protocols constantly strive for improved user experience, scalability, interoperability, and security. Near Protocol will benefit from its ongoing development efforts, maintaining a strong position in the high-performance blockchain space attracting both developers and end-users. This article provides information for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.