Pi Network Price Forecast: PI Holds Key Support as Momentum Coils

Pi Network has launched Protocol v23, introducing support for Rust-based smart contracts. This update marks a significant step in its development roadmap. The network currently has 15.8 million Pioneers active on Mainnet. The focus of the upgrade is on core infrastructure and long-term stability.

The rollout of Protocol v23 is being framed as a foundational step for the Q1 2026 decentralized exchange (DEX) launch. This update allows developers to build more complex applications, including DeFi tools and payment systems. The move brings Pi closer to mainstream smart contract platforms.

Rust, known for its speed and safety, is now the supported language for smart contracts on the network. This aligns Pi with industry standards in blockchain development. The platform claims this will reduce bugs and improve network security before wider adoption.

Why Is This Upgrade Important for Pi Network?

The introduction of Rust-based smart contracts expands the technical capabilities of the Pi Network. Developers can now create more robust applications without external dependencies. This could lead to new use cases like on-chain services and automated payment tools.

The move also supports the network's plan to launch a DEX. The DEX is expected to enable token trading and liquidity pools. However, the feature is not yet active. Protocol v23 is seen as a backend preparation phase rather than a full launch.

Pi Network's approach to upgrades has been gradual. The team is prioritizing stability and testing over rapid feature releases. This strategy aims to reduce risks during early adoption stages. The network is now focusing on building a strong base for future applications.

What Are Investors Observing?

Investors are watching how smart contracts will influence Pi's token utility. The introduction of Rust-based contracts suggests more complex financial instruments may be coming. This could affect the token's value proposition and market perception.

Mining rates also changed in January, following Pi's monthly formula. This update reflects network activity levels. While not directly linked to the smart contract rollout, it affects supply dynamics. Investors are tracking these changes alongside the DEX timeline.

The network also announced faster AI-based KYC processing and improvements in app development tools. These updates aim to streamline user onboarding and reduce bottlenecks. A smoother experience could increase adoption among developers and users.

Pi Network has not yet shared exact timelines for most upcoming features. The team emphasizes a steady, methodical development process. This approach may appeal to investors seeking long-term stability over short-term hype.

The next major milestones include the one-year Open Network anniversary in February and Pi Day in March. These events may influence community engagement and network growth. Investors are assessing how these updates align with broader adoption goals.

What Lies Ahead for Pi Network?

The team has plans to expand smart contract capabilities further. Protocol 25 is expected to build on the foundation laid by v23. This could introduce additional features like token creation tools and more advanced DeFi integrations.

The DEX is still under active development. While not live yet, the backend infrastructure is being prepared. Developers are working to ensure the platform can handle higher volumes and complex transactions.

For now, the focus remains on infrastructure and security. The team has not announced major public milestones beyond the Q1 DEX timeline. Investors are looking for signs of progress in testing and community adoption.

The broader crypto market will also influence Pi's trajectory. As more networks adopt DeFi and smart contract capabilities, Pi must keep pace. This upgrade shows the network is moving in that direction. Whether it can sustain growth remains to be seen.