Pi Network’s Protocol v23 Rolls Out on Testnet, Boosts Throughput and Pi Coin Activity
Public trials report blocks handling up to 1,000 transactions without errors, indicating progress toward a future mainnet shift.
Overview
- Pi Network is deploying Protocol v23 in test environments, with explorer data showing successful processing of up to 1,000 transactions per block.
- Pi Coin climbed to roughly $0.3595 as trading volume and market capitalization rose by more than 40% in 24 hours after the update.
- Coverage diverges on labeling v23 an official release versus a phased test, but it remains short of a full mainnet transition.
- Reports describe alignment with Stellar’s core framework to deliver a more scalable architecture and improved developer tooling.
- Ecosystem steps include decentralized KYC plans and a recent Onramp integration, while circulating supply stays small versus a 100 billion theoretical cap.