Overview
- CoinJournal reports Pi Network has completed its Protocol 22 mainnet upgrade, which increases scalability, speeds up transaction processing, and readies the chain for more apps.
- PI traded near $0.189 with gains over the past week, and traders are watching a clean move above $0.190 that could open room to $0.2045 and then $0.220.
- Key support sits near $0.1832, and a break lower could put $0.1670 in view with deeper risk toward $0.1322, according to CoinJournal’s chart levels.
- Protocol 22 sets the stage for Protocol 23, which reports say is targeted for May and could bring smart contracts and cross-chain links that expand Pi beyond simple transfers into DeFi use cases.
- CoinJournal notes more than 10 billion PI have migrated to mainnet while about 6 billion remain locked, a setup that can curb near-term selling and keep focus on future utility.