Pi Network is pressing forward with a series of significant updates that could reshape its ecosystem.
The project has revealed plans for its long-anticipated v23 protocol upgrade and rolled out a Linux-compatible Node, broadening its technical foundation. These steps come on the heels of the launch of the Valour Pi ETP, which is now live on Sweden’s Spotlight Stock Market.
Blockchain Upgrade to Version 23
The transition from version 19 to version 23 introduces an important shift: integrating KYC verification directly onto the blockchain. According to the Pi Core Team, the rollout will begin with Testnet1 before advancing to Testnet2 and then the Mainnet. While minor outages are expected during the transition, the team noted that users and service providers will receive advance warnings.
Identity Standards and Stellar Connection
This approach reflects a growing industry push toward standardized identity integration, with Pi aligning itself to frameworks like ERC-3643. As Pi is built on Stellar’s infrastructure, the upgrade also coincides with Stellar’s own move to protocol version 23, reinforcing compatibility across ecosystems.
Linux Node Release Expands Options
Alongside the upgrade, Pi has delivered a Linux version of its Node software, giving developers and service providers greater flexibility. Until now, Pi Nodes were limited to Mac and Windows systems. The new release enables smoother auto-updates and removes the need for custom builds, a feature exchanges in particular have requested for years.
Valour Pi ETP Goes Live in Sweden
Meanwhile, Pi is gaining exposure in traditional finance. The Valour Pi ETP, launched by PiDeFi Technologies’ subsidiary Valour, has begun trading in Sweden. Listed in Swedish kronor with a 1.9% management fee, the product provides European investors with regulated access to Pi without relying on crypto exchanges. Early trading data places the ETP around $0.3455 per unit, according to Nordnet.
Large Token Transfers Stir Speculation
These developments follow heightened on-chain activity, including a transfer of 550 million PI tokens from the Pi Foundation wallet in multiple large transactions. Community members have speculated this could be linked to upcoming migration plans or preparation for new listings. The speculation intensified after a previous Pi Hackathon winner suggested that Coinbase may consider adding Pi in the future.
Price Outlook for Pi Coin
Pi’s price has shown resilience in recent weeks, hovering around $0.34 despite market volatility. If the protocol upgrade rolls out smoothly and the ETP gains traction among European investors, analysts believe Pi could challenge the $0.40 mark in the short term. On the bullish side, a confirmed exchange listing on platforms like Coinbase could lift Pi closer to $0.60–$0.65 by the end of 2025. However, if delays or technical setbacks occur, the token risks retesting its recent low near $0.30, making the next few months a decisive period for its trajectory.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
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