Pi Network v23 Testnet: Stellar Core & Rust SDK Integration
Pi Network has initiated active Testnet testing for its protocol v23. The upgrade integrates Stellar Core v23.0.1 to boost scalability and transaction speeds. A Rust SDK built on Stellar Soroban is under development to streamline smart contract deployment and attract developers. The team plans to launch Testnet 2 before a final Mainnet rollout in Q4 2025.
Pi Network’s native PI token has fallen from a $3 peak to around $0.2334. It is down 32% over the past month, with $28 million in daily trading volume. Analysts suggest buyback or burn programs to stabilize PI’s price. Technical indicators show PI below the mid Bollinger Band and an oversold RSI, hinting at a potential short-term rebound. Support levels lie at $0.2368 and $0.215, with resistance at $0.249 and $0.272.
Traders should watch for official announcements on KYC and Mainnet migration. Broader KYC adoption and a smooth Mainnet launch could impact PI token liquidity and volatility.
Neutral
Pi Network’s v23 upgrade on Testnet is a solid technical advancement that underpins long-term growth prospects. However, the project remains in testing with final Mainnet scheduled for Q4 2025. The lack of official confirmation and extended timeline limit immediate market catalysts. At the same time, technical oversold signals may support a short-term bounce, but will not substantially alter PI’s downward momentum without clear deadlines. Overall, the news balances positive protocol improvements against near-term uncertainty, yielding a neutral market outlook.