The pi network is currently in a critical "Migration Phase" as it prepares for broader utility.
• Mandatory Protocol 21 Upgrade: The Pi Core Team has set a hard deadline of April 6, 2026. All Mainnet nodes must update to Protocol 21.2 to stay connected. This is a foundational step for the upcoming Protocol 23.0 (scheduled for May 18), which is expected to finally enable Smart Contracts and DeFi features.
• Price Action: Following the mid-March surge linked to the Kraken listing, PI has seen a "sell-the-news" correction, dropping about 13% recently to trade around $0.174.
• Developer Activity: GitHub activity remains high, with new SDK updates in Rust and Python to help builders create apps for the ecosystem.
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