Pi Network to launch Protocol 27 Mainnet upgrade

Pi Network is preparing to launch the Protocol 27 Mainnet upgrade, scheduled for September 15. This technical milestone aims to transition the network from mobile mining toward greater utility, specifically targeting decentralized finance (DeFi) and stablecoin sectors.

The upgrade is expected to introduce several new features, including smart contract authentication, automated market maker tools, and decentralized exchange (DEX) capabilities. Additionally, developers have introduced local storage support, staking data APIs, and improved documentation to facilitate app building on the network.

In terms of market performance, the PI token has recently traded in a narrow range near $0.096, significantly below its previous highs. Analysts note the price is currently within a rising wedge pattern, with technical indicators suggesting a potential breakout or downward move following the upcoming protocol update.