#PI Recently, Pi Network has had some new developments in terms of technical upgrades, ecological cooperation, and its market performance and security reminders are also worth following. I have summarized the main information for you, hoping to help you understand quickly.

Here is a summary table of the latest updates from Pi Network:

Aspects Latest News Sources and Explanations
🔩 Technical Upgrade #PI v23 Protocol ( upgraded from v19 to a customized protocol based on Stellar v23, embedding KYC permissions into the protocol layer for the first time, supporting third-party verification, and paving the way for smart contracts.
🖥️ Linux node support: The Linux version of the node software has been released, expanding the node operating environment, aiming to enhance the degree of network decentralization and stability.
🌍 Fiat gateway expansion integrated with Onramp Money, supporting users from over 60 countries to purchase PI using local payment methods such as GCash, Maya, Alipay.
📊 Market performance and price PI price has recently fluctuated between $0.33 - $0.35, down about 88% from its historical high, facing challenges such as token unlock selling pressure.
⚠️ Security Reminder The core team reminds users to be vigilant against phishing scams. Be sure to use official channels for 2FA verification and keep your mnemonic phrase secure.

Next, I will provide a detailed interpretation of these dynamics:

🔩 Technical Upgrade: v23 Protocol

Pi Network is upgrading from the original v19 protocol to the v23 protocol. This upgrade is not a simple version iteration, but a customized development based on Stellar v23, aimed at bringing more powerful features and support to Pi Network.

· KYC Embedded in the Protocol Layer: This is the most important highlight of this upgrade. In the future, KYC verification can not only rely on Pi's own system, but can also be completed by third-party institutions recognized by the community. This is expected to solve the long-standing KYC review bottleneck that has plagued users, improve verification efficiency, and lay a solid foundation for building a compliant financial application ecosystem in the future.
· Paving the way for smart contracts: The v23 protocol introduces a modular smart contract layer and an improved consensus mechanism. This will support developers in building more complex decentralized applications on the Pi network in the future, such as DeFi protocols, NFT projects, etc., greatly enriching the Pi ecosystem.
· Upgrade Method: The upgrade will be conducted in phases (first the test network, then the main network). There may be brief network interruptions during the process, and the core team promises to notify the community in advance.

🖥️ Node Support: Linux Version Release

Previously, Pi nodes only supported Windows and macOS systems. Recently, the official released the Linux version of the node software. This move:

· Lowered the threshold for developers, technical service providers, and exchanges to run nodes on Linux systems.
· Helps attract more technical experts and institutions to operate Pi nodes stably, thereby enhancing the decentralization and stability of the network.

🌍 Ecological Cooperation: Expansion of Fiat Entry

The integration of Pi Network with the fiat currency aggregation gateway Onramp Money is an important ecological advancement. Through this collaboration:

· Users from over 60 countries around the world can use popular local payment methods such as GCash, Maya, Alipay, etc., to purchase PI tokens directly with fiat currency.
· This greatly lowers the threshold for global users, especially Southeast Asian users, to acquire PI, which is a key step in expanding the global accessibility and practicality of Pi.

📊 Market Performance

Despite the aforementioned technological and ecological advancements, the price of the PI token has remained weak recently.

· Price remains sluggish: The PI price is currently hovering between $0.33 and $0.35, down about 88% from its historical high in February 2025.
· Challenges: The low prices are mainly affected by significant token unlock selling pressure (for example, 12.3 million and 9.9 million PI will be unlocked on September 6 and 11, 2025, respectively), the lack of listings on mainstream exchanges, and the practicality of ecological applications still to be tested.

⚠️ Security Reminder

The core team of Pi Network has repeatedly reminded users to pay attention to wallet security:

· Be sure to conduct any operations through official channels, and be wary of fake websites, apps, and phishing emails.
· The official will never ask for your mnemonic phrase (private key). Once leaked, the assets cannot be recovered.
· It is recommended to enable two-factor authentication (2FA) and only trust emails sent from official sources.

💎 Summary and Outlook

Overall, the Pi Network has made tangible progress in recent technical infrastructure and ecological entry expansion, with the v23 protocol upgrade and the release of Linux nodes being particularly important, demonstrating the project's commitment to long-term development.

However, these positive factors have not yet been reflected in the market price. PI currently still faces challenges such as token economics, insufficient liquidity, and ecological demand. For followers like you, it is recommended:

· Keep following and be patient: Understanding the development of blockchain projects takes time, especially for projects as large as Pi Network.
· Manage Expectations: Maintain a rational expectation for token prices and avoid excessive speculation.
· Ensure security: Be sure to protect your personal wallet recovery phrase and stay alert to any potential scams.
· Follow official information: Get the latest and most accurate information through Pi Network's official blog and social media (such as X).

I hope this information helps you better understand the latest developments of Pi Network. Please remember that information in the cryptocurrency space changes rapidly, and investments should be made with caution, so do your own research (DYOR).