Pi Network is pushing forward with its development and modernization efforts, attracting attention to new initiatives despite token price declines. This article covers the latest updates and trends in the project.
Stellar Protocol 23 Update
One of the most notable developments is the Stellar Protocol 23 update scheduled for September. This update promises to enhance transaction speeds, add smart contract functionality, and improve blockchain interoperability.
Domain Auction for .pi
On August 5, Pi Network announced an extension of the auction deadline for .pi blockchain domains to September 30, 2025. This decision aims to provide the community with more opportunities to participate and finalize applications.
Current Migration and Volume Situation
Despite having more than 60 million users, only about 12 million have migrated to the mainnet. Additionally, August 2025 will see an additional 155 million PI tokens entering circulation, increasing selling pressure.
While the Pi Network team is making strides with updates and new initiatives, the current market dynamics and lack of significant demand remain key concerns. Investors are focusing on actual adoption and potential upcoming updates.
