Ethereum News Today: Investors Shift Focus from Struggling Pi to Rising Layer Brett

Pi Network's recent protocol upgrade from Version 19 to 23 has drawn considerable attention from its community and developers, despite the project facing ongoing challenges in securing significant price growth. The update, based on Stellar v23 but customized for Pi Network, aims to decentralize KYC verification authority, enhancing the blockchain’s compliance and identity verification framework. This move allows for the integration of third-party KYC solutions alongside Pi’s native verification process, addressing past difficulties users faced in getting their accounts verified [1]. The phased rollout of the upgrade, however, has raised concerns about potential network outages, which the team has acknowledged but assured users will be communicated in advance [1].

Despite the technological progress, Pi’s native token, PI, has struggled to maintain momentum in the market. As of recent data, the token has fluctuated significantly, dipping to an all-time low of $0.33 in late August before briefly rebounding to around $0.40. However, this recovery was short-lived, and PI has since fallen back below $0.35, trading just 5% above its all-time low. The token has lost over 88% of its value since its high in February 2025 [1]. Additionally, the next month’s token unlock schedule is expected to release a substantial number of coins—12.3 million on September 6 and 9.9 million on September 11—which may further pressure the token’s price [1].

Amidst Pi’s struggles, attention in the crypto community has shifted to Layer Brett (LBRETT), an Ethereum Layer 2 blockchain project that is gaining traction for its innovative approach to scalability and utility. Priced at just $0.0053, LBRETT is attracting investors due to its high staking rewards and low entry barrier. The project is designed to deliver transactions at up to 10,000 per second with minimal fees, making it a compelling alternative to traditional Layer 1 chains. Early adopters can stake their tokens immediately through a decentralized application, earning annualized yields in the tens of thousands before rates normalize as the ecosystem grows [3].

Layer Brett’s appeal lies in its combination of meme culture and real-world functionality, setting it apart from other meme tokens such as DOGE. Unlike projects that rely solely on community hype, Layer Brett is purpose-built for utility, incorporating features such as NFT integrations, crypto governance, and a $1 million giveaway to foster community engagement. The project’s presale has already seen strong interest, with analysts predicting it could outperform established meme tokens in the long term [3].

The growing interest in Layer Brett reflects broader trends in the Ethereum ecosystem, where Layer 2 solutions are increasingly seen as the real drivers of growth. Ethereum’s Layer 1 has long been criticized for its high fees and slow transaction speeds, limiting its accessibility for everyday users. Layer 2 networks like Arbitrum, Optimism, and Base have stepped in to provide scalable alternatives, and Layer Brett is now being positioned as a key player in this space [6]. With a small market cap and strong fundamentals, the project has substantial room for growth, particularly in the context of the anticipated 2025 crypto bull run [5].

Analysts and investors are also watching closely as new Layer 2 networks like Silent Data and others continue to integrate into the Superchain, signaling a shift toward a more interconnected and scalable Ethereum infrastructure. These developments highlight the ongoing evolution of blockchain technology and the increasing importance of user experience and interoperability in driving mainstream adoption [7]. As the crypto market continues to mature, projects that offer both technical innovation and practical utility—like Layer Brett—are likely to attract the most attention and investment.

Source: [1] Massive Pi Network Update Drops: What Every PI User Needs to Know (https://cryptopotato.com/massive-pi-network-update-drops-what-every-pi-user-needs-to-know/) [2] Can Pi Network Price Hit $100? (https://coinpedia.org/news/can-pi-network-price-hit-100-2/) [3] Best Crypto to Buy in 2025: Why Layer Brett Could ... (https://coincentral.com/best-crypto-to-buy-in-2025-why-layer-brett-could-outshine-dogecoin/) [4] Layer Brett Price USD, LBRETT Price Live Charts, Market ... (https://www.bitget.com/price/layer-brett) [5] PEPE Price Prediction: As Layer Brett Goes Mega Viral ... (https://www.mitrade.com/insights/news/live-news/article-3-1097074-20250905) [6] Layer 2s, The Real Engine Of Ethereum's Next Growth Phase (https://blog.mexc.com/layer-2s-the-real-engine-of-ethereums-next-growth-phase/) [7] Silent Data Becomes First Privacy-Focused Layer 2 to Join ... (https://www.coindesk.com/tech/2025/09/02/silent-data-becomes-first-privacy-focused-layer-2-to-join-ethereum-s-superchain)