Pi Network has announced that Protocol v25 will be completed by July 22, aiming to improve network stability and reliability while enabling more efficient, privacy-preserving smart contracts. The update comes as the project's native token, PI, continues to bleed value, hitting fresh all-time lows below $0.10 and now trading around $0.074 — down 8% in the past 24 hours and more than 35% over the last two weeks.
Token Hits New Lows
PI broke below the key $0.10 support level and set consecutive all-time lows, with the latest bottom at just over $0.07 two days ago. A brief rebound of more than 15% pushed the token above $0.085, but sellers quickly rejected that move and sent prices back down. The token now trades more than 97% below its all-time high from February 2025, reflecting a steep decline from its peak.
What v25 Brings
The upcoming protocol upgrade focuses on two main areas: network stability and reliability. According to the team, v25 will also support more efficient, privacy-preserving smart contracts — a feature that could broaden the platform's utility if adoption follows. The update is scheduled to be completed by July 22, though the team has not specified whether there will be a delay similar to the slight postponement seen with v24 in early June.
A History of Updates
Pi Network has rolled out several protocol versions this year. v19.6 arrived in mid-Q1, followed by v20.2 which laid the smart contract foundation. May brought both v22 and v23, and v24 was completed in early June with a minor delay. Each update has aimed to inch the network closer to its promised open mainnet, but the token's price action suggests the market remains skeptical.
The next major milestone is July 22. Whether v25 can stabilize the network and restore confidence — or whether the price slide continues — is the open question hanging over Pi Network as the deadline approaches.
