Pi Coin Nears All-Time Low: Can Stellar’s Protocol 23 Upgrade Reverse the Trend?

Pi Coin has experienced a dramatic 90% drop since February 2025, trading near its all-time low despite growing interest in Web3 applications. The decline has raised concerns among investors and developers alike, prompting questions about the coin’s long-term viability. However, a major infrastructure upgrade from Stellar—Protocol 23—may offer a lifeline.

According to a tweet from @cryptodotnews, “$PI is bleeding — but Stellar's next upgrade could change the game.” This sentiment reflects a broader hope within the Pi Network community that technical improvements could reignite momentum and restore confidence in the project.

Understanding the Decline: Market Sentiment and Structural Challenges

Pi Coin’s steep decline is attributed to several factors:

• Delayed Utility: Despite a large user base, Pi Coin has struggled to deliver consistent real-world use cases.

• Exchange Volatility: Initial listings on platforms like HTX and BitMart saw speculative surges followed by sharp corrections.

• Limited Smart Contract Support: Pi Network’s current infrastructure lacks native smart contract capabilities, limiting its appeal to developers.

These challenges have led to reduced trading volume and waning investor interest, even as the broader crypto market shows signs of recovery.

Stellar Protocol 23: A Game-Changer for Pi Network?

Stellar’s upcoming Protocol 23 upgrade, scheduled for mainnet vote on September 3, 2025, introduces several enhancements that could directly benefit Pi Network:

• Smart Contract Integration via Soroban

• Faster Transaction Processing through Parallel Execution

• Improved Scalability and Developer Tools

• Enhanced Web3 Compatibility

Since Pi Network is built on Stellar Core, these upgrades will influence its underlying architecture. According to, the update will allow Pi Network to support decentralized applications (dApps), register .pi domains, and offer smoother Web3 performance.

Technical Implications for Developers and Users

The Protocol 23 upgrade introduces breaking changes to Stellar’s API, RPC, and SDKs. Developers working within the Pi ecosystem must:

• Upgrade to the latest versions of Core, Horizon, and SDKs

• Recreate testnet data including accounts and contracts

• Adapt to new transaction structures like TransactionMetaV4

Failure to update could result in incompatibility with future Pi applications, making this transition critical for ecosystem stability.

NEW: $PI is bleeding — but Stellar's next upgrade could change the game 🎲

After a 90% drop since February, @PiCoreTeam's $PI trades near ATL

But the upcoming @StellarOrg Protocol 23 upgrade may give the ecosystem new firepower — if it gets a tier-1 listing to match👀 pic.twitter.com/awRPQrLQcS

— crypto.news (@cryptodotnews) August 6, 2025

Strategic Opportunities for Pi Network

If Pi Network aligns its infrastructure with Protocol 23, it could unlock several strategic advantages:

• Smart Contract Deployment: Enabling DeFi, NFT marketplaces, and autonomous governance

• Merchant Integration: Facilitating Pi-based payments and loyalty programs

• AI App Studio Support: Allowing developers to build intelligent dApps within Pi’s ecosystem

• Decentralized Identity Services: Strengthening compliance and user verification

These capabilities would significantly enhance Pi Coin’s utility and position it as a viable Web3 platform.

Community Expectations and Developer Readiness

The Pi community—known as Pioneers—has long advocated for greater functionality. With over 70 million users, demand for smart contracts and scalable infrastructure is growing. Developers are eager to build within the Pi ecosystem, but current limitations have slowed progress.

The Stellar upgrade presents a timely opportunity for Pi Network to evolve. By upgrading its node infrastructure and embracing Protocol 23, Pi can attract a broader developer base and re-engage its global community.

Will This Revive Pi Coin’s Value?

While it’s too early to predict exact price movements, infrastructure upgrades often correlate with increased investor interest. Analysts suggest that if Pi Network successfully integrates Protocol 23, it could:

• Improve market sentiment

• Increase demand for Picoin

• Support long-term price recovery

Some forecasts even speculate a potential rebound toward the $5.00 mark by 2030, though such projections remain speculative.

Conclusion: A Critical Crossroads for Pi Network

Pi Coin’s recent decline has cast doubt on its future, but Stellar’s Protocol 23 upgrade offers a path forward. By embracing smart contracts, scalability, and Web3 readiness, Pi Network can reposition itself as a serious contender in the decentralized space.

For investors, developers, and Pioneers, the coming months will be pivotal. Whether Pi Coin rebounds or continues to struggle will depend on the Core Team’s ability to adapt, upgrade, and deliver on its promise of inclusive crypto adoption.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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