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<\/p>\n
Last week was supposed to mark the completion of a key ecosystem development, but Pi Network’s Core Team has yet to verify that the milestone has been achieved.<\/p>\n
PI’s weak performance persists, and a further slump could see it lose its spot among the 100 largest cryptocurrencies.<\/p>\n
At the start of 2026, Pi Network started a protocol upgrade process, initially implementing version 19.6. It later deployed v20.2, which laid the foundation for smart contract capabilities and several other upgrades meant to enhance the ecosystem.<\/p>\n
The latest completed update was protocol v27, while v28 was supposed to arrive on October 16. Pi Network has not yet announced the update, but some X users argue it’s already live. One of those is Kim H Wang, who said<\/a>:<\/p>\n “After upgrading to version 28 protocol on October 17, <\/span>Pi<\/span> Network<\/span> has the core blockchain infrastructure needed to support smart contract and public decentralized applications (dApps). Pi Network is ready for public dApp deployment.”<\/span><\/p>\n<\/blockquote>\n Pi Network Alerts claimed the same thing.\u00a0According to the X account, protocol v28 has gone live on the Mainnet,\u00a0highlighting<\/a> the upgrade’s benefits to the ecosystem.<\/span>\u00a0Those include better handling of transaction-data delays, the ability to upgrade multiple smart contracts together, and safer changes to stored application data.<\/p>\n “This is more than a protocol number. It\u2019s another step toward building infrastructure that can support a more advanced Pi <\/span>ecosystem. With Protocol 27 completed and Protocol 28 now live, the real question is: what will developers build on top of these upgrades next,” it added.<\/p>\n<\/blockquote>\n Beyond the protocol upgrade, Kim H Wang also highlighted Pi Network’s first online Ecosystem Summit, scheduled for November 17-19, which will feature new platform announcements, developer demos, existing dApp showcases, and details on another hackathon. As CryptoPotato<\/em> reported<\/a>, the three-day online event will also involve discussions between devs and the Core Team.<\/p>\n Pi Network’s community calendar already includes two recurring annual events: Pi Day and Pi2Day, both inspired by dates connected to the mathematical constant 3.14. Both occasions brought<\/a> significant advancements, such as Launchpad MVP, Mainnet-enabled Pi App studio functionality, second migrations, and ecosystem expansion\u00a0through SoloHost, Pi Sign-in, and PiVerify.<\/p>\n It seems like the bears remain in full control, with PI collapsing by an additional 12% over the past week to under $0.08. It is currently the 82nd-largest cryptocurrency with a market capitalization of around $880 million, but another decline could push the token out of the elite top 100 club.<\/p>\n X account BSCN said<\/a> that PI has returned to its July lows, adding it has “hit rock bottom again.” It also noted that despite numerous announcements and updates, the price has failed to post a decisive comeback.<\/p>\n It remains to be seen whether the remaining months of the year can deliver such a rebound, but the waning investor interest in the token supports a more bearish scenario.<\/p>\n The post Important Pi Network News and PI Price Update: October 20<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
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The Upcoming Summit<\/h2>\n
PI Price Outlook<\/h2>\n
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