Analyst advocates for major Pi Network Upgrade in Q4 2025

Amid growing uncertainty and user frustration, a crypto analyst has offered a clearer timeline for Pi Network’s long-awaited upgrade.

Dr. Altcoin, a crypto analyst on X, shared an update suggesting the Protocol 23 upgrade for the Pi Network may finally be within reach. He revealed that the testnet is currently running Protocol 23 and undergoing active testing. 

Once this phase wraps up successfully with minimal or no errors, the team is expected to move on to Testnet 2, followed by a full deployment to the Mainnet blockchain. Based on this timeline, he expects the full Mainnet upgrade to roll out by the end of Q4 2025 or early Q1 2026.

However, the analyst noted that there could be delays, noting that the PiCoreTeam is “known for doing things painfully slow but meticulously right.” Meanwhile, Protocol Version 23, which integrates the latest Stellar Core v23.0.1 upgrade, is designed to enhance scalability and transaction efficiency across the Pi Network. 

Developers anticipate that the upgrade will offer a more stable foundation for future decentralized applications and increase the platform’s viability in broader DeFi ecosystems. Additionally, the Pi Testnet has rolled out two key features, a decentralized exchange (DEX) and an automated market maker (AMM).

These tools will allow users to simulate DeFi use cases such as token swaps and liquidity pool creation within a secure testing environment. If successful, these features may pave the way for high on-chain trading when the mainnet fully launches.

Community unrest grows as Pi network token price drops

The update comes amid ongoing decline and tension in the Pi community. Recently, the price of Pi Network’s native token plunged by 90%, dropping from its peak of $2.99. The huge decline triggered concerns about project sustainability among holders that a potential rug pull may be unfolding. 

Critics pointed to the Pi Core Team’s control of an estimated 90 billion tokens, arguing this raises questions of centralization and price manipulation. Presently, the Pi coin (PI) price remains under heavy pressure, trading at around $0.263 at the time of writing. 

The token’s value has dropped by 12.32% in the last seven days, per crypto.news data. Despite these challenges, the push for a Protocol 23 upgrade signals an effort to re-establish user trust and could lay the groundwork for future growth in the Pi ecosystem.