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According to Techub News, the price of Pi Network hovered around $0.0819 on Monday, with plans for the Protocol 28 mainnet upgrade this week. At the same time, Bitcoin was around $83,400, Ethereum around $2,556, and XRP around $1.40; the crypto market rose 0.85% in 24 hours, with a total market cap of approximately $2.83 trillion. (CoinGape)
Techub News, according to crypto.news, the Pi Network team announced an update on KYC progress, stating that over 18.1 million users have passed verification and 16.7 million users have migrated to the mainnet. The current price of the PI token is approximately $0.17, with a weekly decline of about 4%. The team stated that some users are still in a "temporary KYC" status requiring additional review, and they are developing AI-assisted verification tools. Additionally, the project faces token unlock pressure, with over 174 million tokens expected to enter the market this month.
Techub News, according to crypto.news, Pi Network announced that Protocol 23 will be activated on May 11, one week earlier than the originally scheduled May 18. This upgrade will introduce full smart contract functionality, allowing developers to build DeFi applications and tokenized asset products on Pi for the first time. This upgrade builds on Protocol 22, which was completed on April 27. The network currently has 421,000 active mainnet nodes, with over 10 billion PI migrated to the mainnet. Co-founders will speak at Consensus 2026 on May 6 and 7, with the launch of Protocol 23 taking place right after the conference.
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