#PI Pi Network has recently had some new developments in terms of technological upgrades and ecological collaborations, 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 Updates Sources and Explanations
🔩 Technical Upgrade #PI v23 Protocol #PI upgraded from v19 to a custom protocol based on Stellar v23, embedding KYC authorization at the protocol layer for the first time, supporting third-party verification, and paving the way for smart contracts.
🖥️ Linux node support has released Linux version node software, expanding the node operating environment, aimed at enhancing the degree of decentralization and stability of the network.
🌍 Fiat entry expansion integrated with Onramp Money, supporting users from over 60 countries worldwide to purchase PI using local payment methods like GCash, Maya, Alipay, etc.
📊 Market performance and price: The PI price has recently fluctuated between $0.33 and $0.35, down about 88% from its historical high, facing challenges such as token unlock selling pressure.
⚠️ Safety Reminder The core team reminds users to be vigilant against phishing scams, and to use official channels for 2FA verification, while properly safeguarding their mnemonic phrases.

Next, I will give you 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 just 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 Protocol Layer: This is the most crucial highlight of this upgrade. In the future, KYC verification work 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 audit bottleneck that has troubled 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., thereby greatly enriching the Pi ecosystem.
· Upgrade method: The upgrade will be carried out in phases (first the test network, then the main network). There may be temporary 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 a 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 aggregation gateway Onramp Money is an important ecological advancement. Through this collaboration:

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

📊 Market Performance

Despite the above technological and ecological advancements, the price of the PI token has still shown weakness recently.

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

⚠️ Safety 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 beware of fake websites, applications, 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 by the official.

💎 Summary and Outlook

Overall, Pi Network has made tangible progress recently in terms of technical infrastructure and ecological entry expansion. The v23 protocol upgrade and the release of Linux nodes are 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 is currently still facing challenges such as token economics, insufficient liquidity, and ecological demand. For followers like you, the suggestion is:

· Stay follow and patient: Understanding the development of blockchain projects takes time, especially for projects as large as Pi Network.
· Manage Expectations: Maintain a rational expectation of token prices and avoid excessive speculation.
· Ensure security: Be sure to protect your personal wallet's mnemonic phrase and be vigilant against any possible fraudulent activities.
· 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 field changes rapidly, and investment requires caution, so do your own research (DYOR).