Smart Contracts Rolled Out in Phases
Focus on Everyday Applications
Pi Network is taking a pragmatic approach, concentrating on functionalities that people can use in real-world scenarios. The network is gradually building simple tools such as recurring payments and basic digital ownership. This helps users easily understand and utilize the platform while the ecosystem develops progressively.
Strict Review Before Mainnet Launch
Meanwhile, all smart contracts must undergo rigorous scrutiny before going live. External audits will evaluate each contract to identify any vulnerabilities. Afterward, developers will test their applications on the Testnet and gather feedback. Only thoroughly tested contracts will be transferred to the Mainnet. This process reduces risks and ensures network stability as more features are added.
Tools Upgrading Along with the Network
Currently, Pi's trading price is close to $0.17, with a daily trading volume of approximately $33 million. The price has seen a slight decline over the past day. The circulating supply is nearly 9.7 billion coins, with a maximum cap of 10 billion. Pi reached a high of $2.98 in February 2025, while it dropped to $0.13 in early 2026, indicating that it is still in the early stages compared to larger networks.
Community Reactions Show Divergence
Protocol 20 unifies Pi Network under one system, enabling the implementation of smart contracts and new features, making the network more scalable, secure, and ready for practical applications.
Pi smart contracts will be rolled out in phases, initially offering simple tools like subscription services, followed by custodial services and NFTs after testing and auditing.
Pi will first launch subscription payments, followed by custodial services and NFT tools, focusing on straightforward use cases for everyday users.
Pi is still in its early stages, with significant price volatility, but this upgrade enhances its practicality. Future development relies on user acceptance, developer participation, and ecosystem growth.