pi network protocol 23: Upgrade Status, Impact, and Market Insights

pi network protocol 23 is currently the focus of the Pi Network community, as it promises to bring significant improvements to the blockchain’s scalability and transaction efficiency. For users and investors, understanding the status and potential impact of Protocol 23 is crucial, especially as Pi Coin’s price hovers near record lows. This article provides a clear update on the upgrade’s progress, what it means for the ecosystem, and the key market trends to watch.

Protocol 23 Testing: Timeline and Technical Background

As of October 2025, according to multiple sources including crypto.news and community analyst Dr. Altcoin, pi network protocol 23 is undergoing active testing on the Pi Testnet. The upgrade integrates Stellar Core v23.0.1, which is designed to enhance the network’s scalability and enable faster, more reliable transactions. The development team is taking a meticulous approach, prioritizing error minimization and stability before moving to the next phase.

After the current testnet phase, the plan is to transition to Testnet 2 for further stability checks under increased load. If these tests are successful, the mainnet deployment of Protocol 23 is expected between late Q4 2025 and early Q1 2026. This cautious rollout aims to ensure a robust foundation for future decentralized applications (dApps) and broader DeFi adoption within the Pi ecosystem.

Notably, the testnet has already introduced two key DeFi features: a decentralized exchange (DEX) and an automated market maker (AMM). These tools allow users to simulate token swaps and liquidity pool creation in a secure environment, paving the way for more advanced on-chain activity once the upgrade is live.

Current Pi Coin Price Trends and Market Sentiment

Despite the technical progress, Pi Coin’s market performance remains under pressure. As of October 2025, Pi Coin is trading around $0.23, close to its all-time low, with daily trading volumes dropping below $30 million (source: CoinMarketCap, crypto.news). The price has declined by over 30% in the past month and is down more than 90% from its peak of $2.99 earlier in the year.

Several factors contribute to this bearish sentiment:

• Mainnet delays: Slow progress on the mainnet rollout has dampened investor confidence.
• Low on-chain activity: Limited DeFi and dApp usage has reduced demand for the token.
• Token unlocks: Increased supply from token unlocks has not been matched by buying interest, adding downward pressure.
• Liquidity concerns: Thin order books mean price swings can be sharp, increasing risk for traders.

Community members and analysts have suggested measures such as buybacks or token burns to stabilize the price, but so far, no major interventions have been announced by the Pi Core Team.

Protocol 23’s Potential Impact and Ecosystem Developments

The successful deployment of pi network protocol 23 could be a turning point for the network. The upgrade’s integration of Stellar Core v23.0.1 is expected to:

• Increase transaction throughput and reduce confirmation times
• Provide a more stable environment for developers to build and test dApps
• Expand DeFi capabilities with DEX and AMM modules
• Lay the groundwork for future ecosystem growth and utility for the Pi token

Additionally, the Pi Network team is developing a Rust Software Development Kit (SDK), modeled after Stellar’s Soroban Rust SDK. This toolkit will make it easier for developers to create, test, and deploy smart contracts, further enhancing the network’s appeal to builders and potentially increasing on-chain activity.

However, it’s important to note that the Pi Core Team controls a significant portion of the token supply (estimated at 90 billion tokens), which has raised concerns about centralization and price manipulation among some community members. Transparency and timely communication from the team will be key to rebuilding trust and driving adoption post-upgrade.

Key Risks, User Concerns, and What to Watch Next

While pi network protocol 23 offers hope for a technical turnaround, several risks remain:

• Further price declines: If the price falls below $0.22, new lows could trigger additional selling.
• Token unlocks: Large releases of PI tokens could overwhelm market demand, especially with current low liquidity.
• Delayed upgrades: Any setbacks in testing or mainnet deployment could further erode confidence.
• Centralization concerns: Ongoing debates about token distribution and governance may impact community sentiment.

For users and developers, it’s essential to monitor official Pi Network updates, testnet progress reports, and on-chain activity metrics. As always, exercise caution and conduct thorough research before making any decisions involving digital assets.

Explore More and Stay Updated

pi network protocol 23 represents a critical juncture for the Pi Network’s future. While the upgrade is still in the testing phase, its successful rollout could unlock new opportunities for users, developers, and the broader ecosystem. For the latest updates, market data, and practical guides on blockchain upgrades, keep following Bitget Wiki. If you’re looking to participate in the Pi Network or explore secure crypto storage, consider using Bitget Wallet for enhanced safety and convenience.

Reported as of October 2025, based on data from crypto.news, CoinMarketCap, and community analyst Dr. Altcoin. All information is for educational purposes only and does not constitute investment advice.