Pi Coin Surges 3% on Testnet Upgrade as Mainnet Launch Approaches
Pi Network's native token gained 2.7% to trade NEAR $0.36 after developers completed the Testnet1 upgrade to protocol v23. The technical enhancement improves transaction capacity and network stability ahead of the planned mainnet launch.
The upgrade aligns Pi's architecture with Stellar's blockchain framework while introducing scalability improvements. Market participants now watch the $0.382 resistance level, with a breakout above $0.40 potentially signaling further upside.
Ecosystem growth continues with Pi Network's TOKEN2049 conference sponsorship, the launch of PiOnline DeFi game, and a $20 million strategic investment in OpenMind AI. These developments expand use cases ahead of the network's transition from testnet to mainnet operations.
