What is expected in the development of PI?
Pi Network is making steady progress with these key updates:
- Protocol v23 Mainnet Launch (Q4 2025) – Final testing of upgrades to improve speed, scalability, and smart contract features.
- Rust SDK Release (2025) – New developer tools to make building apps on Pi easier.
- Token2049 Conference (October 2025) – Co-founder Chengdiao Fan expected to share important updates on Pi’s future plans.
In-Depth Look
1. Protocol v23 Mainnet Launch (Q4 2025)
What’s happening:
Pi Network is currently testing Protocol v23 on its Testnet 2 platform. This upgrade, based on Stellar Core technology, aims to make the network faster, more scalable, and better at handling smart contracts (Pi Network Testnet Progress). The team is rolling out updates step-by-step to ensure everything runs smoothly before fully launching on the Mainnet, expected by late 2025 or early 2026.
Why it matters:
This is a positive sign for PI because it tackles current technical challenges, potentially allowing for decentralized apps (dApps) and easier interaction with other blockchains. However, any delays or issues during this phase could temporarily slow down enthusiasm.
2. Rust SDK Release (2025)
What’s happening:
Pi Network is developing a new Software Development Kit (SDK) using the Rust programming language, inspired by Stellar’s Soroban SDK. This tool will help developers create smart contracts more easily and encourage more apps to be built on Pi (Pi Network Developer Tools).
Why it matters:
This update is somewhat positive for PI. Better tools can speed up app development, but the real impact depends on how many developers use the SDK and what kinds of apps they build.
3. Token2049 Conference (October 2025)
What’s happening:
Chengdiao Fan, Pi Network’s co-founder, is scheduled to speak at the Token2049 event in Singapore. She is expected to provide updates on Pi’s long-term goals, regulatory plans, and what’s needed to launch the Open Mainnet (Event Expectations).
Why it matters:
This could be a big positive if clear milestones—like partnerships with exchanges—are announced. On the other hand, vague updates might increase doubts about when the Open Mainnet will actually launch.
Summary
Pi Network is focusing on getting Protocol v23 ready for Mainnet and rolling out new developer tools. The long-term success will depend on how useful the ecosystem becomes and how well the Open Mainnet launch goes. The Rust SDK could spark new app innovation, but delays might slow down progress.
What updates are there in the PI code base?
Pi Network is making important updates focused on compliance, decentralization, and improving tools for its community and developers.
- Protocol v23 Upgrade (September 12, 2025) – Testnet upgrade adding on-chain identity verification (KYC) and preparing for smart contracts.
- Linux Node Launch (August 28, 2025) – Official support for running network nodes on Linux systems.
- Pi App Studio Improvements (October 17, 2025) – New AI-powered app creation features and the ability to stake PI tokens to promote apps.
In-Depth Look
1. Protocol v23 Upgrade (September 12, 2025)
What happened: Pi Network started rolling out Protocol v23 on its Testnet, moving up from version 19. This update adds on-chain KYC, which means identity checks are now integrated directly into the blockchain. It also aligns with Stellar’s protocol to get ready for smart contracts.
This upgrade allows the community to help verify identities in a decentralized way, while still meeting global compliance standards like ERC-3643. The rollout will happen in stages across different test networks and the main network, with some short downtime expected during the process.
Why it matters: This is a positive step for Pi Network because decentralized KYC can make it easier for new users to join and attract partners who need regulatory compliance. Plus, being ready for smart contracts opens the door to decentralized finance (DeFi) and other blockchain apps. (Source)
2. Linux Node Launch (August 28, 2025)
What happened: Pi Network officially launched a Linux Node, expanding support beyond Windows and macOS. This makes it easier for exchanges and developers who use Linux to run nodes, with features like automatic updates to reduce manual work.
Supporting Linux nodes helps avoid fragmentation and strengthens the network’s decentralization. It doesn’t change mining rewards but improves the overall infrastructure.
Why it matters: This update mainly benefits technical users and institutions running Linux systems. While it doesn’t directly affect most users, it shows Pi Network is building a more robust, enterprise-ready infrastructure. (Source)
3. Pi App Studio Enhancements (October 17, 2025)
What happened: Pi App Studio added new AI tools that help create logos and welcome messages automatically. It also redesigned the app discovery interface to make it easier to find community apps.
The Studio is now accessible from Pi Desktop’s main menu. Users can stake PI tokens on apps they like, which boosts those apps’ visibility—replacing traditional ads with a community-driven ranking system.
Why it matters: These improvements make app development easier and encourage users to participate in the ecosystem by staking PI. This can increase the usefulness of the network and help stabilize the value of PI tokens over time. (Source)
Conclusion
Pi Network’s recent updates focus on compliance (with on-chain KYC), infrastructure improvements (Linux nodes), and growing its ecosystem (App Studio). These changes support its shift from a mining-focused project to a utility-driven blockchain. The big question is: will decentralized KYC speed up the launch of Pi’s Open Mainnet?
Why did the price of PI fall?
Pi Network (PI) dropped 2.14% to $0.203 in the last 24 hours, continuing a 43% decline over the past month. Here’s why:
- Token Unlocks – More than 1.2 billion PI tokens will become available over the next year, adding about 3.3 million new coins to the market daily (Crypto.News).
- Low Liquidity – Trading volume is $13.9 million in 24 hours (down 24.6% week-over-week), showing limited market activity that can cause bigger price swings.
- Lack of Major Exchange Listings – PI is not listed on big platforms like Binance or Coinbase, which limits access for many buyers despite improvements in the network.
- Technical Weakness – The price is below key moving averages, and the Relative Strength Index (RSI) at 30.6 indicates the coin is oversold but hasn’t shown signs of recovery yet.
Deep Dive
1. Token Unlocks & Supply Pressure (Negative Impact)
What’s happening: Over the next 12 months, 1.2 billion PI tokens (about 15% of those currently available) will be unlocked, including roughly 3.3 million daily. Recent unlocks have led to increased selling, such as a large deposit of 473,000 PI to Gate.io on October 10 (X post).
Why it matters: The daily selling pressure from miners and early users is stronger than the natural demand for PI. With 8.28 billion PI already in circulation and a maximum supply of 100 billion, concerns about token dilution remain.
2. Liquidity Crunch & Exchange Listings (Mixed Impact)
What’s happening: PI’s 24-hour trading volume is $13.9 million, which is only 0.83% of its $1.68 billion market value. This low volume means there aren’t many buy or sell orders, making the price more volatile. Although the network has upgraded its App Studio, major exchanges like Binance have not listed PI yet, limiting larger investors from entering.
Why it matters: Low liquidity can cause big price changes from relatively small trades — for example, a $1 million sell order could push the price down by about 5%. Getting listed on top exchanges is important to bring more stability to the market.
3. Technical Weakness (Negative Impact)
What’s happening: On October 19, PI’s price fell below the $0.20-$0.21 support level, triggering automatic sell orders. The 200-day Simple Moving Average (SMA) is at $0.49, which is 141% higher than the current price, confirming a long-term downward trend.
Why it matters: Although the RSI at 30.6 suggests the coin is oversold and might bounce back, PI needs to rise above $0.21 (the high on October 20) to break the bearish trend. The MACD indicator shows a slight increase in buying interest but isn’t strong enough to signal a clear reversal.
Conclusion
PI’s recent price drop is mainly due to a large supply of tokens being unlocked, low trading activity, and weak technical signals. While oversold conditions and support around $0.20 could lead to a short-term bounce, a lasting recovery depends on fewer tokens being sold and listings on major exchanges.
What to watch: Will PI hold the $0.20 level with increasing trading volume, or will continued token unlocks push it down toward the 2025 low of $0.1585? Keep an eye on exchange deposit activity and rumors about a Binance listing.
What could affect the price of PI?
Pi Network is going through important changes with mixed results.
- Mainnet Migration Deadline – The extended KYC period might help keep more users involved.
- Exchange Listings – Not being on major exchanges limits price discovery.
- Protocol Upgrades – The v23 update could bring more developer interest.
Deep Dive
1. Mainnet Migration Momentum (Mixed Impact)
Overview:
The deadline to complete identity verification (KYC) and move your Pi coins to the main network has been extended to February 28, 2025. This gives 8.28 billion PI holders more time to migrate their balances. So far, over 14.8 million users have completed this step. If users miss the deadline, they risk losing more than 80% of their unmigrated tokens (Pi Core Team).
What this means:
If many users complete migration, it could reduce selling pressure because tokens that aren’t verified won’t be tradable. This also helps make the network more useful. However, delays in launching the full Open Network (expected in early 2025) might keep liquidity tight for a while.
2. Liquidity & Listings (Bearish Risk)
Overview:
PI is currently traded on smaller platforms like Bitget but is not listed on major exchanges such as Binance or Coinbase. These big exchanges are important for establishing a reliable market price. Daily trading volume is about $17.7 million, which is only 1% of its $1.67 billion market value, indicating weak liquidity (Crypto.News).
What this means:
Until PI is listed on major exchanges, its price may remain volatile. A planned Linux node upgrade in 2025 aims to attract larger, institutional participants, which could improve the network’s infrastructure and help with future exchange listings.
3. Ecosystem Development (Bullish Catalyst)
Overview:
The v23 protocol upgrade added AI-powered tools for app developers and launched a test version of a decentralized exchange (DEX). There are over 100 decentralized apps (dApps) built on Pi, but actual usage is still low. The Pi Hackathon 2025 offers 160,000 PI in prizes to encourage projects that increase real-world use (CoinGape).
What this means:
Better developer tools could speed up the creation of useful apps, which would increase demand for PI coins. However, the current Relative Strength Index (RSI) of 30.6 suggests the coin is oversold and needs steady buying to recover.
Conclusion
Pi’s price depends on meeting Open Network launch deadlines while managing token unlocks (about 120 million PI per month) alongside growing real-world use. Technical indicators show a possible rebound if the $0.20 price support holds, but getting listed on major exchanges and completing migrations are key factors. Will Q1 2025 be the moment Pi moves from a speculative token to a functioning digital economy?
What are people saying about PI?
The Pi community is feeling a mix of hopeful excitement and some frustration. Here’s what’s currently trending:
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What is the latest news about PI?
Pi Network is facing downward price pressure but is working on improving its ecosystem, while traders watch important support levels. Here’s the latest update:
- App Studio Upgrade (October 19, 2025) – New AI tools added, but token unlocks and low trading activity remain challenges.
- Price Support Holds (October 20, 2025) – Price steadied at $0.20 despite oversold signals, though risks persist.
- Hackathon Wraps Up (October 18, 2025) – A $32,000 PI prize pool aimed at boosting real-world use, but results are still pending.
Detailed Overview
1. App Studio Upgrade (October 19, 2025)
What happened:
Pi Network released a significant update to its App Studio, adding AI-powered app customization, staking features, and easier ways to find apps. This update is designed to make it simpler for developers to build decentralized apps (dApps) on the Pi platform.
What it means:
This update is a positive step for the Pi ecosystem’s growth, but it hasn’t yet impacted the token price significantly. One reason is that over 1.2 billion PI tokens are scheduled to unlock over the next year, increasing supply. Also, daily trading volume remains low at about $18.9 million, limiting liquidity and price movement. (Crypto.News)
2. Price Support Holds (October 20, 2025)
What happened:
The price of PI stabilized around $0.20 after a technical pattern called a Swing Failure Pattern (SFP) suggested a reversal. The Relative Strength Index (RSI), a measure of how oversold or overbought an asset is, hit 26, indicating the token is heavily oversold. However, a head-and-shoulders pattern on the 4-hour chart suggests that if the $0.199 support breaks, the price could drop to $0.18.
What it means:
If the $0.20 support level holds, there could be a short-term price bounce. But for a stronger recovery, PI needs to break above resistance at $0.24 and see increased trading volume. Otherwise, the token could continue its steep decline from February’s high of $2.99, which has already dropped by 93%. (Crypto.News)
3. Hackathon Wraps Up (October 18, 2025)
What happened:
The Pi Hackathon 2025 ended on October 15, offering a total prize pool of 160,000 PI (about $32,000) to developers creating practical applications using the Pi Network. Winners have not been announced yet.
What it means:
While the hackathon aims to increase the real-world use of PI, the impact is still uncertain. Community interest remains low, with 411 million PI tokens still held on exchanges and 120 million more set to unlock soon, which could add selling pressure. (CryptoPotato)
Conclusion
Pi Network is making progress by enhancing its developer tools, but ongoing token unlocks and cautious exchange activity are weighing on the price. Technical indicators suggest a possible short-term bounce, but broader market factors like upcoming inflation reports (October 21) and overall altcoin market sentiment (CMC Altcoin Season Index at 27) add uncertainty. The key question remains: can Pi’s developer initiatives outpace selling pressure, or will the price drop to $0.15 next?