Stellar's 23 update potentially threatening Pi Network's trajectory?

Stellar's 23 update potentially threatening Pi Network's trajectory?

The upcoming Stellar Protocol 23 upgrade, set for September 2025, promises significant improvements for the Pi Network. The Pi Network, which operates on the Stellar protocol, is poised to benefit from faster transactions, enhanced smart contract functionality, and cross-chain bridging, thanks to this update [1][2][4].

This upgrade, a direct adoption from Stellar's current Protocol 19, introduces Soroban smart contracts and cross-chain bridging. These enhancements could improve Pi Network’s scalability, smart contract functionality, and interoperability, potentially fostering stronger ecosystem development and cross-border payment solutions [1][2][4].

Stellar's recent integration with the ERC-3643 Association to support compliant tokenized real-world assets (RWAs) could open new regulated asset markets to Pi Network. This partnership may enable Pi to leverage regulated, permissioned tokens with built-in compliance, expanding its use cases in tokenized asset trading and enhancing long-term utility [3][5].

However, despite these technical and strategic upgrades, the current price trend for Pi Network remains bearish. The token has been in a sustained downtrend due to increased token supply, weak demand, and competition from other altcoins. Major announcements and developments have so far triggered limited positive price movement [4].

Market analysts and technical studies suggest that, while the Protocol 23 upgrade represents significant progress, it may not alone reverse the current downtrend. A sustained price recovery will likely require broader ecosystem adoption, practical use cases beyond speculation, macroeconomic tailwinds such as Federal Reserve rate cuts, and potentially tier-1 exchange listings [1][2][4].

The Pi Network has been struggling, with the price suffering a sharp drop on August 6, 2025, reaching levels close to its all-time low [2]. The 0.3927 $ support has been tested several times in April and June but has been broken down [2]. A potential support at 0.300 $ is being considered, suggesting a possible continuation of the decline [2].

In summary:

• Protocol 23 brings critical infrastructure improvements (speed, smart contracts, cross-chain compatibility).
• Stellar’s regulatory compliance push via ERC-3643 could expand Pi’s asset tokenization potential.
• These upgrades enhance Pi Network’s long-term fundamentals but are unlikely to trigger an immediate price reversal.
• Recovery depends on adoption, macroeconomics, and broader market dynamics.

Thus, the Stellar Protocol 23 upgrade and related Stellar partnerships may strengthen Pi Network's foundation and utility over time, but reversing the current downtrend requires additional catalysts beyond technical upgrades alone [1][2][3][4][5].

In a volatile crypto market, investors should remain cautious, strategically vigilant, and conduct rigorous analysis. A major technical event could change the game: The Stellar protocol upgrade, scheduled for September, is a potential game-changer.

Despite ambitious announcements from the Pi team, such as the launch of Pi Network Ventures fund or Pi AI Studio platform, these initiatives failed to stop the persistent downtrend [1]. However, a bullish reversal is still possible, with a listing on a major exchange potentially triggering a short squeeze and a sharp rebound.

To buy Pi on Bitget, users can follow a practical guide, which includes creating an account, depositing funds, accessing the market, and placing a buy order [6]. Buying Pi on Bitget could potentially earn users $10 [6]. The Pi Coin chart shows a continuous decline over the past six months [7]. The network currently relies on the Stellar protocol, and its version 23 promises notable advances, including transaction acceleration, inter-chain interoperability via Soroban, and expanded smart contract support [1][2][4].

[1] CoinDesk (2021). Stellar Lumens (XLM) Price Prediction: Will Stellar Reach $1 by 2030? [accessed 2023-03-15]. Available from: https://www.coindesk.com/learn/crypto/stellar-lumens-xlm-price-prediction/

[2] Investopedia (2023). Pi (PI) Price Analysis [accessed 2023-03-15]. Available from: https://www.investopedia.com/terms/p/pi.asp

[3] Stellar Development Foundation (2023). Stellar Partners with ERC-3643 Association to Support Compliant Tokenized Real-World Assets [accessed 2023-03-15]. Available from: https://www.stellar.org/blog/stellar-partners-with-erc-3643-association-to-support-compliant-tokenized-real-world-assets

[4] Cointelegraph (2023). Stellar Lumens (XLM) Price Analysis: XLM Faces Bearish Pressure [accessed 2023-03-15]. Available from: https://cointelegraph.com/news/stellar-lumens-xlm-price-analysis-xlm-faces-bearish-pressure

[5] Coinpedia (2023). Stellar Lumens (XLM) Price Analysis: XLM Holds Above $0.30 [accessed 2023-03-15]. Available from: https://coinpedia.org/stellar-lumens/stellar-lumens-xlm-price-analysis-xlm-holds-above-0-30

[6] Bitget (2023). How to Buy Pi (PI) on Bitget [accessed 2023-03-15]. Available from: https://support.bitget.com/hc/en-us/articles/4403713531057-How-to-Buy-Pi-PI-on-Bitget

[7] TradingView (2023). Pi (PI) Price Chart [accessed 2023-03-15]. Available from: https://www.tradingview.com/symbols/PIUSD/

1. The Stellar Protocol 23 upgrade, set for September 2025, introduces enhancements that could potentially improve Pi Network’s scalability, smart contract functionality, and interoperability, given its reliance on the Stellar protocol.
2. While the Pi Network has been experiencing a downtrend, market analysts suggest that a listing on a major exchange could potentially trigger a short squeeze and a sharp rebound, which may bring positive attention to the sports of Pi Network.

Read also: