Pi Network is entering a crucial stage of its development, as the project rolls out its latest protocol upgrade and pushes node operators toward a key deadline. The move signals steady progress toward more advanced features like smart contracts and decentralized finance (DeFi).
The network has officially transitioned from Protocol 20.2 to Protocol 21.2 as part of its second migration phase. With this update now live, all mainnet node operators are required to upgrade their systems before April 6. Failing to do so could result in nodes losing connection to the network, increasing the urgency for participants to act quickly.
Upgrade Focuses on Stability and Efficiency
Unlike feature-heavy releases, Protocol 21 is designed as a foundational upgrade. Its main goal is to improve network stability and enhance node efficiency. By optimizing performance, the Pi Core Team aims to ensure the blockchain can handle increased traffic while keeping nodes synchronized across the mainnet.
This step is less about immediate user-facing features and more about preparing the infrastructure for what comes next.
Roadmap Points to Smart Contracts in May
Looking ahead, the Pi Network roadmap outlines a series of upcoming upgrades. Protocol 22.1 is scheduled for April 22, followed by Protocol 23.0 on May 18. These updates are expected to bring the network closer to enabling smart contracts.
Once implemented, these features could unlock a range of new tools, including a Pi-based decentralized exchange (DEX), on-chain liquidity solutions, and broader support for decentralized applications (dApps). The long-term goal is to expand the ecosystem and improve transaction flow across the network.
Deadline Puts Pressure on Node Operators
The April 6 cutoff is a critical moment for node operators. The Pi Core Team has made it clear that missing the deadline could lead to disconnection from the network. This puts direct pressure on operators to update their systems promptly to avoid disruptions.
Pi Price Remains Under Pressure
Despite ongoing development, Pi’s token price continues to reflect cautious market sentiment. At the time of writing, Pi is trading near $0.174, which is roughly 78% below its all-time high.
Technical indicators suggest weak momentum. The Relative Strength Index (RSI) stands at 45.29, below the neutral 50 level and its moving average of 47.54, indicating a lack of strong buying pressure. Meanwhile, the MACD remains below the signal line, and the negative histogram shows that sellers still have the upper hand—though bearish pressure appears to be gradually easing.
For now, the market seems to be waiting for clearer signals, possibly tied to the next wave of upgrades and the rollout of smart contract functionality.
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