Regardless of a slight delay, the Core Group behind the controversial mission lastly introduced the completion of the subsequent main protocol improve and hinted on the migration to the subsequent one.
On the similar time, the ecosystem’s native token rebounded properly after the painful crash from earlier this week.
V21 Is Right here
The Core Group started highlighting the frequent protocol updates in late February, upon the profitable migration to model 19.6. V 19.9 adopted swimsuit a couple of weeks later, whereas the extremely anticipated v20.2, which laid out the foundations for good contract capabilities, arrived by March 14 (often known as PiDay).
Model 21 got here in early April, and the group set a deadline of April 27 for the completion of the subsequent one (model 22). Though they did not announce its profitable migration by that date, quite a few accounts on X speculated that it had been performed as their purposes displayed it. Nonetheless, the group confirmed the speculations on-line on Could 1, indicating, as all the time, that node operators should guarantee their techniques are updated to proceed working on the blockchain.
Furthermore, the publish hinted on the subsequent improve on the roadmap (v23) however didn’t present a particular deadline for its completion.
Community Replace: The Pi Mainnet has efficiently upgraded to Protocol 22!
Node operators, please guarantee your techniques are updated and keep tuned for directions concerning the upcoming v23 improve.
— Pi Community (@PiCoreTeam) Could 1, 2026
PI Rebounds
The mission’s native token went on a powerful run in the course of the enterprise week in a fairly sudden time when many of the crypto market remained sideways and even charted losses. As an alternative of becoming a member of them, PI rocketed from $0.17 to a month-to-month peak of $0.20 within the span of 48 hours or so, and a few analysts speculated that this may very well be the beginning of a extra profound rally.
Nonetheless, it was painfully rejected there and pushed south to only over $0.17 on Thursday. A well-liked analyst on X, although, reassured that PI has remained above the essential 100-day MA, which acted as a assist on the time, and predicted an immediate rebound.
Such a restoration certainly transpired on Friday because the asset jumped by about 6% from its low and exceeded $0.18 as soon as once more. Its market cap is near $1.9 billion as soon as once more as of press time, making it the forty fifth largest digital asset on CoinGecko.
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