The Pi Network (PI) has recently seen a 5.63% price drop, falling to $0.2283 after failing to maintain its key support at the 23.6% Fibonacci retracement level of $0.26. Its current decline has also placed it below its 7-day simple moving average of $0.248, signaling increased selling pressure. Despite this setback, the project continues to demonstrate substantial activity and development, sparking interest among cryptocurrency enthusiasts and investors alike.
Pi Network’s Development Roadmap
The Pi Network team has released updates confirming several major upgrades in the pipeline. Among the most anticipated are the V23 Mainnet Protocol Upgrade, Smart Contracts Integration, and the development of Pi DEX (Decentralized Exchange).
These upgrades are integral to positioning Pi as a significant player in mobile-first decentralized finance (DeFi). Notably, developers will soon be able to create tokens on the Pi Blockchain through token creation tools, expanding the robust ecosystem even further.
Currently, Pi Network operates in its Enclosed Mainnet phase, initially launched in December 2021. While the Open Mainnet remains pending, the blockchain has laid a strong foundation with its unique, modified Stellar Consensus Protocol. With features like 5-second block times and Byzantine Fault Tolerance, Pi’s blockchain is designed for speed and energy efficiency.
Community and Ecosystem Growth
The Pi Network boasts 47 million registered users and over 150,000 daily transactions, underlining immense community engagement. Nearly 47 decentralized applications (dApps) are currently in development, with 200,000 active nodes supporting the network. Furthermore, Pi’s wallet system, 90% complete, provides seamless mobile transactions with minimal fees, ensuring accessibility for users worldwide.
However, most of Pi Network’s user base is concentrated in the Asia-Pacific region, which could present regulatory challenges. Analysts also remain cautious due to the multi-year delay in the Open Mainnet and questions surrounding compliance and readiness.
Upcoming Features and Future Potential
One of the most awaited developments is the Pi DEX, which is halfway through its completion. Designed to include automated market makers and liquidity pools, the platform will be essential for unlocking Pi’s full DeFi potential. Built with robust technologies like Rust and WebAssembly, Pi’s smart contract system emphasizes speed and security and is now progressing on the testnet with 66% completion.
If Pi Network achieves its roadmap goals—especially the deployment of the Open Mainnet, smart contracts, and DEX—analysts predict a return to its $3 all-time high by 2025. This could make Pi a game-changer in the decentralized finance landscape.
Product Recommendation for Pi Enthusiasts
For those tracking Pi Network and other cryptocurrency projects, a hardware wallet like the Ledger Nano X is an excellent tool to securely store your crypto assets. Its advanced security features and mobile-friendly integration make it a perfect choice for crypto investors.
