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- Pi Network’s Protocol 23 upgrade could reach mainnet by late Q4 2025.
- The update boosts scalability, adds DeFi tools, and improves efficiency.
- Pi Coin’s price recovery depends on stronger tokenomics and liquidity action.
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The Pi Network is approaching a critical juncture as its long-awaited Protocol v23 upgrade moves through active testing on the Testnet. Market observers anticipate that the upgrade could reach the mainnet by late Q4 2025, with potential delays pushing it into early 2026.
According to Pi community expert Dr. Altcoin, the upgrade’s rollout will depend heavily on how smoothly the Testnet and subsequent Testnet 2 phases perform. He noted that the Pi Core Team (PCT) has a reputation for working slowly but with precision, prioritizing stability over speed.
Question Asked: How far is Pi Network’s blockchain upgrade to Protocol Version 23 (Smart Contracts)?
— Dr Altcoin ✝️ (@Dr_Picoin) October 9, 2025
My Answer: Currently, the Testnet is running under Protocol 23 and undergoing active testing. Once this phase is completed successfully with minimal or no errors (you can observe… pic.twitter.com/vjEX411pgo
Scalability and DeFi at the Core of Protocol 23
Protocol 23 is designed to deliver substantial improvements in scalability, transaction speed, and network efficiency, marking a pivotal shift in the Pi blockchain’s development roadmap. The update aligns with Stellar Core v23.0.1, giving developers better tools to build and test decentralized applications before mainnet deployment.
Alongside the protocol upgrade, the Pi Network has introduced two major DeFi features to its Testnet—a decentralized exchange (DEX) and an automated market maker (AMM). These additions allow users to trade tokens, provide liquidity, and simulate real-world decentralized finance environments within a secure sandbox.
Can the Pi Coin Price Recover?
Despite these technical advancements, Pi Coin’s price remains under pressure, hovering around $0.23 with trading volumes dipping below $30 million daily. The token, once valued among the top 15 cryptocurrencies by market cap earlier this year, has now lost nearly 90% of its value.
Also Read: Pi Network Mobile Mining: Why Millions Still Tap Daily Despite Risks
Dr. Altcoin has urged the PCT to address the project’s weak tokenomics by introducing buyback programs or coin burns to restore market confidence and liquidity. Without intervention, he warned, Pi’s market position could deteriorate further.
A Cautious but Hopeful Road Ahead
If the Protocol 23 rollout proceeds smoothly, it could mark a turning point for the Pi Network, laying the foundation for renewed ecosystem growth and investor optimism. The upgrade’s success will likely determine whether Pi Coin can stage a meaningful recovery or continue its downward trajectory.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
