Over the past month, Pi Network has been fervently conducting trials of its Protocol v23 on the test network. Community feedback has been optimistic, hinting at a possible shift to the main network in this quarter. This novel update is designed to improve blockchain scalability and transaction throughput, with the potential to rejuvenate Pi Coin’s market performance. Dr. Altcoin, a respected analyst within the community, noted that once errors are minimized, the test network is poised to transition to Phase 2, laying the groundwork for the eventual main network deployment, provided the current conditions hold.
What Does Protocol 23 Bring?
As Dr. Altcoin explains, the update is currently in an intense testing stage aimed at error minimization. Following this phase, Test Network 2 will face rigorous stability assessments under enhanced loads. The timeline for completion is forecasted from the end of this quarter through to the first quarter of 2026. The outcome hinges on technical findings from ongoing test reports.
Leveraging the Stellar Core 23.0.1 architecture, the developer team aims for greater transaction capacity and swift finality, paving the path for future network developments. This architecture not only enhances transaction efficiency but also allows developers to assess decentralized applications (dApps) under realistic conditions before full-scale integration.
Where Does This Leave Pi Coin?
Pi Coin’s price trajectory has been relatively stable within a specific range. According to CryptoAppsy data, the altcoin recently tested the bottom at $0.2368, with daily trading volumes falling below 30 million dollars. Reduced liquidity has heightened slippage in order books, contributing to volatility.
Dr. Altcoin has proposed several strategies to the core team aimed at bolstering the market. These include buybacks from centralized exchanges, the implementation of coin burning mechanisms, and updates to tokenomics to regulate the circulating supply. He stressed the need for proactive measures to prevent further depreciation in Pi Coin’s value.
Despite achieving a peak market value exceeding 17 billion dollars earlier this year, Pi Coin experienced a steep decline, losing about 90% of its value and dropping out of the top 50 cryptocurrencies. If network upgrades proceed smoothly and DeFi modules mature, a resurgence in demand could establish a new pricing floor for the altcoin.
• Full implementation of Protocol v23 may begin by the start of 2026.
• Utilization of Stellar Core 23.0.1 architecture promises enhanced performance.
• Pi Coin’s daily trading volumes are critically low, increasing market volatility.
Given these circumstances, Pi Network’s concerted effort in refining its protocol could spell a turning point. The upcoming weeks will be crucial in determining whether the updates can positively adjust its market trajectory and restore investor confidence.
