Pi Network has confirmed that its Mainnet is now upgraded to Protocol 20, preparing the network for future smart contract support. Node operators have been asked to update their systems, with another upgrade, Protocol 21, expected soon.
The upgrade sets the base for smart contracts, which are needed for building decentralized apps and DeFi platforms. This shows Pi Network is slowly working toward adding more real use cases.
However, these features are not live yet, and more updates are needed before users can fully access them.
Analyst digs Beyond Price Moves
The main takeaway comes from Crypto analyst Dr. Altcoin, who believes the market is going through a major transition phase.
According to him, crypto is no longer in an experimental stage. It is now starting to become part of real financial systems. He pointed to Kraken gaining access to the U.S. Federal Reserve’s payment infrastructure as a clear example of this shift.
This shows that crypto companies are no longer operating separately. Instead, they are beginning to connect directly with traditional finance.
Why Price Drops Don’t Tell the Full Story
Having said that, Pi price is currently trading at $0.1777, with a 24-hour trading volume of $35.32 million. The price has seen a slight dip of 0.27% in the past hour but is still up 2.03% over the last day. This shows ongoing community support for Pi.
However, looking at the price scenario, the analyst addressed the common fear around price drops. He explained that if you understand what is being built, short-term declines should not create panic.
Instead, he sees this phase as part of a broader development cycle where infrastructure is being built in the background. Prices may not always reflect this progress immediately.
His view is simple: the market is still early, and those who understand this phase are in a better position.
Blockchain Is Expanding Beyond Crypto
Another important point he raised is how blockchain is starting to connect with other technologies. AI and robotics are slowly becoming part of this space, while stablecoins are turning into practical tools for payments.
This shows that crypto is moving closer to real-world usage rather than just trading activity.
Focus on Projects With Real Utility
He further stressed that long-term value will come from projects that are creating real use cases, growing their user base, and working on global adoption.
This shifts the focus away from hype and toward projects that are actually building useful systems. In this context, Pi Network’s upgrade shows that development is continuing. The move toward smart contracts fits into the bigger change where projects are working toward real utility.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Pi Network’s Protocol 20 upgrade prepares its mainnet for future smart contracts, enabling decentralized apps and DeFi, though features are not live yet.
The upgrade aims to expand real-world use cases by enabling smart contracts, helping Pi move beyond payments toward DeFi and decentralized applications.
Pi Network shows ongoing development toward utility and adoption. Its long-term value depends on delivering real use cases and expanding its ecosystem.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
