Pi Network has released an official Linux Node, fulfilling a long-standing community request and strengthening its decentralized infrastructure. This move broadens accessibility for technically capable users and service partners, many of whom already run custom Linux nodes. The standardized software simplifies updates, improves stability, and reduces reliance on custom builds.
Concurrently, Pi Network is preparing a major protocol upgrade from version 19 to 23, adapted from Stellar protocol version 23. The rollout is phased, starting with Testnet1 this week, followed by Testnet2 and Mainnet over the next few weeks. Planned outages may occur during upgrades, potentially affecting third-party platforms like centralized exchanges.
Despite these significant technical advancements, the PI token has failed to see meaningful bullish momentum. It posted a modest 2% gain recently but with a 20% decline in daily trading volume, indicating weak buying interest and persistent sell pressure. The Elder-Ray index remains negative at -0.0237, consistently bearish since August 14, reflecting dominant selling pressure.
At press time, PI trades at $0.34, hovering just above its all-time low support of $0.32. If bearish pressure intensifies, it could break below this level, while a climb to $0.37 is possible only if new demand emerges.
The upgrade also embeds a distributed KYC authority into the protocol, aligning with emerging industry standards like ERC-3643. With over 14.8 million verified Mainnet accounts, this enhances compliance and decentralization, allowing trusted entities beyond Pi to conduct verification.