Pi Network has taken a significant step toward its long-awaited mainnet launch with the successful activation of Protocol v23 on its test environment. This upgrade is seen as a major technical milestone that has helped to reassure its community after months of criticism over development delays.
According to explorer data, the new protocol successfully processed up to 1,000 transactions per block without errors, demonstrating a notable improvement in stability and performance. This positive test result is viewed as a green light for developers who are building applications for the network.
The market has responded positively, with the Pi Coin seeing a price increase to $0.3595. Its trading volume and market capitalization both jumped by more than 40% in a single day, showing that even testnet news can influence market sentiment for the project.
Protocol v23 is based on Stellar’s latest core framework, which provides Pi with a more scalable architecture and better tools for developers. The team's strategy is to test these upgrades in a controlled environment to resolve any issues before they are moved to the mainnet. While critics have often pointed to the slow pace of development, the Pi team argues that this phased approach is a sign of careful, not reckless, progress.
With about 8.14 million Pi Coins currently in circulation, the project is still in its early stages. However, efforts to boost adoption, such as a recent listing on Onramp, are continuing. If the testing of Protocol v23 continues to show consistent results, the upgrade could soon be ported to the mainnet, bringing higher throughput and more robust support for the Pi ecosystem.
September 2025, Cryptoniteuae