04/09/2025
🚀 Pi Network officially upgraded to Protocol V23 - A turning point in the era of Smart Contracts
September 3, 2025 marks an important milestone for Pi Network: upgrading to Stellar Protocol V23. This is the biggest upgrade ever, transforming Pi from a coin mined on phones into a blockchain platform capable of supporting Smart Contracts, DeFi, NFTs and dApps in the future.
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🔑 Key points to know
1. Upgrade to V23
Pi Network is currently running on Stellar Protocol 19, and this upgrade will go straight to V23, skipping the intermediate versions V20–V22.
The deployment process takes place in 3 steps: Testnet 1 → Testnet 2 → Mainnet (V23).
The mainnet upgrade is expected to be completed in early September 2025.
2. Key improvements of V23
Soroban Smart Contract: Enables the deployment of smart contracts on the Pi platform, paving the way for DeFi, NFTs, dApps and blockchain games.
Cross-chain Bridging: Multi-chain connectivity, increasing scalability and interoperability.
Security improvements: Support for biometric login, two-factor authentication (2FA).
Support for Linux nodes and open-source code for the community.
3. Significance to the Pi ecosystem
The V23 upgrade is not only a technical improvement, but also a step to prepare the infrastructure for an entire ecosystem:
DeFi: Staking, lending & borrowing with Pi.
NFTs & Digital Assets: Issue, trade and own digital assets on the Pi blockchain.
DApps & Blockchain Games: Attract global developers to build real-world applications.
Payments & Cross-Border Trade: Turn Pi into a useful payment tool, connecting global finance.
4. Exact timing
There are many sources saying that the Mainnet Activation will take place on September 3, 2025.
However, there is no official announcement confirming that the upgrade will take place exactly at 17:00 UTC. Therefore, the community should follow the official Pi Network and Stellar channels directly for accurate updates.
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🎯 Conclusion
Correct: Pi Network