Pi Network Sees Record 770K Daily Migrations as v24 Upgrade Nears

Pi Network has experienced a significant surge in on-chain activity, with community data revealing that over 770,000 Pi coins were migrated to the mainnet within a 24-hour period, marking one of the strongest surges this year. This spike, recorded between 9:32 a.m. Monday and 9:22 a.m. Tuesday, brings the total migrated mining rewards closer to 8.3 billion Pi, according to block explorer data.

The momentum aligns with preparations for the upcoming upgrade to Stellar v24.1.0, which includes performance improvements, load-testing features, API refinements, and repository restructuring. Although the exact timing for Pi's implementation is unannounced, community engineers expect it to enhance stability and support future applications requiring higher throughput.

Concurrently, Testnet activity has surged, with new tokens like LatinChain, BTC test tokens, and CYBER being deployed for DEX simulations, allowing developers to test liquidity pools and smart contracts. Ecosystem growth is further evidenced by Sesame Exchange's airdrop campaign offering up to 100 PI and 100 USDT, and Pi App Studio's revamp with improved developer tools.

Community sentiment is rising as migration numbers climb and technical upgrades progress, signaling readiness for key milestones, including the anticipated mainnet launch on November 22, which could unlock 145.7 million Pi tokens.