Bybit announced support for the Scroll (SCR) v5.9.2 Network Upgrade, scheduled on August 19, 2025, at 04:00 AM UTC, highlighting its operational role in cryptocurrency network updates.
The upgrade exemplifies exchange cooperation in maintaining network security, essential for stable operations affecting direct and related assets like Scroll (SCR) and possibly Ethereum (ETH).
Bybit has announced support for the Scroll (SCR) v5.9.2 network upgrade, scheduled for August 19, 2025, at 04:00 AM UTC. This upgrade reinforces Bybit’s commitment to facilitating efficient and secure transactions for its users.
The main participants in this upgrade include Bybit and Upbit, with both suspending deposits and withdrawals of Scroll (SCR) during the upgrade window. The upgrade aims to enhance network security and infrastructure alignment.
“Bybit will be supporting the Scroll (SCR) v5.9.2 Network Upgrade, which is expected to take place on Aug 19, 2025, 04:00AM UTC.” — Bybit Operations Team
Traders Brace for Possible SCR Volatility Post-Upgrade
Bybit’s support aims to ensure the security of SCR transactions during the network upgrade. Community sentiment remains neutral, with stakeholders appreciative of Bybit’s proactive approach to system maintenance.
Historically, network upgrades like these can lead to price volatility and increased speculative trading. Initial reactions among traders reflect cautious optimism about potential opportunities in both SCR and Ethereum, reflecting broader market interest in Layer 2 scalability solutions.
Exchange Coordination Mirrors Past Major Network Updates
This upgrade draws parallels to past events such as Terra Classic’s updates, where exchange coordination was crucial to maintaining service integrity. Historically, these upgrades do not result in long-term negative impacts on asset values.
Experts suggest that increased network security and scalability from such upgrades could attract new capital inflows. Based on past trends, experts predict a positive response, highlighting Bybit’s effective management of protocol transitions. For more on this, you can check CoinGape’s discussion.
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