TLDR
- Pi Network’s Protocol v23 upgrade aims to improve scalability and transaction efficiency.
- Pi Coin struggles with price stability, trading around $0.2368 amid challenges.
- Pi Network integrates Stellar Core v23.0.1 for enhanced blockchain performance.
- Pi Network’s developer tools are designed to boost DeFi adoption and ecosystem growth.
Pi Network is preparing for a significant upgrade to its blockchain protocol, which experts expect to roll out in late 2025. This development comes after ongoing tests of Protocol v23 on the Testnet, promising improvements in scalability, transaction speed, and decentralized finance (DeFi) features. Analysts believe the new update could help stabilize the price of Pi Coin, which has been facing downward pressure.
Pi Network’s Protocol v23 Upgrade Progress
The Pi Network has been testing Protocol v23 extensively on its Testnet over the past month. According to Dr. Altcoin, a Pi community expert, the upgrade will move to Testnet 2 once the current testing phase is completed. The final step will be launching the upgrade on the Mainnet, which is expected to happen in Q4 2025 or early 2026.
The protocol upgrade integrates Stellar Core v23.0.1, which focuses on improving scalability and transaction efficiency. This integration will allow the blockchain to handle a higher volume of transactions while maintaining speed and reducing costs. Furthermore, the upgrade will enhance smart contract functionality, offering better support for developers building decentralized applications.
Developer Tools and Ecosystem Expansion
Along with Protocol v23, Pi Network is also working on its Rust Software Development Kit (SDK). This tool will help developers build, test, and deploy smart contracts more easily. The SDK is modeled after Stellar’s Soroban Rust SDK, allowing developers to create applications with libraries, tools, and a command-line interface (CLI). This move aims to encourage more developers to engage with Pi’s ecosystem and build innovative solutions on the platform.
The Pi Core Team’s efforts are intended to reduce dependency on centralized platforms, enabling a more decentralized ecosystem. Features like the decentralized exchange (DEX), automated market maker (AMM), and on-chain KYC solutions are expected to play a central role in this transition. By improving the tools available for decentralized finance, Pi Network plans to foster greater participation from users and developers.
Pi Coin Price and Market Outlook
Pi Coin has struggled with price volatility over the past few months, trading at $0.2368. The coin has been in a downtrend, with trading volumes dropping to $28 million. Experts suggest that the upcoming protocol upgrade could assist in stabilizing the price by improving the blockchain’s utility and adoption.
Despite some recent positive momentum in Pi’s Testnet trials, which led to a 1.51% price increase, market conditions remain challenging. With a market cap currently at $1.92 billion, Pi Coin is far from its all-time high of $18 billion. Analysts are urging the Pi Core Team to implement token buybacks or burning mechanisms to reduce supply and help stabilize the price of the coin.
Testing and Market Challenges Ahead
While testnet trials have been promising, challenges remain for Pi Network in terms of liquidity. The upcoming release of 110 million Pi tokens in 2025 could add downward pressure on the coin’s price. Analysts have noted that the Relative Strength Index (RSI) for Pi Coin is currently at 24, indicating that the coin may be oversold and could experience a short-term rebound if buying activity increases.
However, analysts also caution that improving liquidity is crucial for the coin’s recovery. The success of Pi’s Mainnet launch depends on both technical advancements and the team’s ability to address these liquidity issues. If the network can attract more developers and users, it could position itself as a competitor in the Web3 space, potentially benefiting from growing interest in decentralized applications and finance.
Pi Network’s Long-Term Prospects
As Pi Network continues its development, the focus will shift toward ensuring that the blockchain can handle real-world applications. By integrating smart contract capabilities and tools for decentralized finance, Pi is positioning itself to compete with more established blockchains. If successful, Pi could become a viable alternative for businesses and developers seeking decentralized solutions.
The upcoming upgrade is set to improve Pi’s scalability, transaction speed, and support for decentralized applications, making it a more competitive player in the blockchain space. However, the network must overcome liquidity challenges and strengthen market confidence to realize its full potential.
