Pi Network, which has long struggled with its coin price performance, is scheduled to receive a major update in the fourth quarter of 2025. This update, known as Protocol 23, is currently in the active testing phase and is expected to improve the scalability and efficiency of transactions on the blockchain. The 23 Pi Network protocol is currently being tested on the Testnet version and shows significant progress. Dr. Altcoin, a Pi community expert, revealed that this testing phase must complete successfully before moving on to Testnet 2. After that, the update will be applied to the Mainnet blockchain. According to Dr. Altcoin, the update to Mainnet could occur at the end of the fourth quarter of 2025 or early 2026, depending on test results. Protocol 23 is part of Stellar Core Version 23.0.1, which aims to improve scalability and transaction efficiency. This integration of the Stellar framework version 23 is an important milestone in the development of the Pi blockchain, providing better tools for developers to test applications before deploying on Mainnet. In addition to the Protocol 23 update, Pi Network has also introduced two key features on its Testnet: decentralized exchange (DEX) and automated market maker (AMM). These features allow users to trade tokens, create liquidity pools, and test decentralized finance functionality DEFI6.84% Current DEFI PriceRp 34,866.84%Market CapRp 59.57 BillionTrading VolumeRp 11.97 BillionCirculating SupplyRp 1.87 Billion in a secure environment. This marks an important step in enhancing the network's capabilities to support innovative financial applications. With DEX and AMM, Pi Network users can experience smoother and more efficient transactions. This also opens up opportunities for developers to create more diverse and well-integrated financial solutions within the Pi ecosystem. Pi Coin, the native cryptocurrency of the Pi Network, has experienced a significant decline in value, losing nearly 90% of its market value since the start of this year. Currently, Pi Coin is at a floor price of $0.2368 with daily trading volume dropping below $30 million. Dr. Altcoin is calling on the Pi Core Team (PCT) to take decisive action against Pi Coin's market performance. Some suggested steps include buying back tokens from centralized exchanges (CEX) or introducing a coin burning mechanism. These steps are expected to strengthen the tokenomics of the project and possibly help in the recovery of Pi Coin price in the market.
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