Pi Network Sets Deadline for Protocol Upgrade as Price Slips Near All-Time Low
Pi Network (PI) has set a May 15 deadline for mainnet nodes to finish the Protocol 23 improve. The launch will introduce full good contract help to the Stellar-based blockchain for the primary time.
The mandate arrived simply hours after the Pi Core Team confirmed Protocol 22 had efficiently gone reside. The back-to-back rollout goals to increase scalability and put together the chain for Web3 options.
Why the Protocol 23 Upgrade Matters for Pi Network
Protocol 23 marks the largest technical step for Pi Network since its open mainnet launched in February 2025. Built on Stellar Core 23, the discharge lays the groundwork for native good contracts and decentralized functions on the chain.
Node operators that fail to replace by the deadline will likely be reduce from the mainnet. They will lose the flexibility to validate transactions or earn participation rewards.
Protocol 22, completed earlier this week, moved the community onto Stellar Core 22. Nodes had been required to install version 0.5.4 software.
The Pi Core Team warned that Protocol 23 takes longer than previous releases.
“The Pi Mainnet is upgrading to Protocol 23 – Deadline: May 15. All Mainnet nodes are required to finish this step earlier than the deadline… This improve takes longer to finish, so plan accordingly,” they said within the submit.
What It Means for Price
PI traded close to $0.178 on Saturday, down 1.22% on the day. The token climbed near 9% into the Protocol 22 deadline. Profit takers then stepped in, per CoinGecko data.
Historically, Pi upgrades have produced short bursts of volatility adopted by sharp pullbacks, usually coinciding with token unlocks.
Whether the May 15 deadline triggers a sustained transfer is dependent upon broader sentiment and provide stress. The improve alone has hardly ever been sufficient to drive sturdy worth motion.
Pi Network is condensing two main infrastructure jumps right into a single month. Traders are watching whether or not the May 15 deadline sparks one other short-term spike. The different is the acquainted sample of post-upgrade fades, blocking a sturdy recovery.
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