Pi Network News: V27 and V28 Brings DEX and Smart Contracts Closer Pi Network news today is really one story with several small pieces: everything now points toward Pi Mainnet. A rising coin
Pi Network News: V27 and V28 Brings DEX and Smart Contracts Closer
Pi Network news today is really one story with several small pieces: everything now points toward Pi Mainnet. A rising coin price, a busy testnet, live smart contracts, and a pending protocol jump are all connected, and each piece adds one more clue about how close that Pi Mainnet update actually is.
Anyone scanning crypto news today for a single Pi Mainnet headline will find the real story spread across a handful of smaller updates instead.
Pi network price today sits near $0.0881, up 4.23% in 24 hours, ahead of a wider crypto market that rose 1.62% in the same window. That gap points to broad momentum lifting Pi rather than one isolated announcement, though it comes at a moment when Mainnet-facing progress is easy to find elsewhere.
Source: CoinMarketCap Official
Price snapshot:
Price: $0.0881, up 4.23% in 24 hours
Market cap: $992.16 million
24-hour volume: $5.08 million
Fully diluted valuation: $8.82 billion
Total supply: 100 billion PI
Circulating supply: 11.24 billion PI
Fresh telemetry from the Pi network v28 testnet, running Core v28.0.1 as of September 21, shows steady health. More than 26.75 million ledgers have closed, with block closure holding under four seconds. Exchange volume on the testnet has passed 17,730 Pi across 100 active liquidity pools.
Source: JoJo-π (@jojo1020102)
None of this is live Mainnet-based activity yet, and testnet assets carry no real-world value. Pi has repeatedly reminded holders never to share a 24-word passphrase with anyone.
Two testnets sit at different stages. Testnet-1 already runs v28, while Testnet-2 has briefly shown no available data, a pattern consistent with a network mid-transition ahead of the network upgrade.
Live activity tied to Pi Protocol 27 has appeared through the network's public RPC endpoint, with a ledger closing in roughly 38 milliseconds and an automated market maker contract processing real-time liquidity queries.
More than 394,000 operations were logged in a single 24-hour window, a clear sign of continued Pi DEX progress across the wider Pi network ecosystem.
If the usual sequence holds, v27 typically clears Testnet-2 before it reaches Mainnet-launch, carrying smart contract infrastructure, DEX and AMM capability, and deeper liquidity tools into production.
Two forces still stand between here and a completed Mainnet-push, and both matter more than any single day of Pi coin price action. Ongoing KYC fixes and scheduled migrations continue to unlock millions of PI tokens each month, adding steady sell-side supply.
Continued pursuit of MiCA regulatory compliance and the possibility of larger exchange listings remain longer-term catalysts, though neither has a confirmed timeline.
This wave of Pi network upgrades 2026 is shaping up to be a real test of whether six years of mining and community building can convert into working, everyday utility once Mainnet catches up to the testnet.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
