- Pi Network is enforcing a mandatory April 6 upgrade while surpassing 526 million KYC checks and 18 million verified users.
- Despite these milestones and upcoming Web3 features, Pi price remains weak, with bearish signals pointing toward further downside.
April 6 has been marked as a critical turning point for Pi Network. The project is pushing forward with a mandatory upgrade while celebrating a major milestone in user verification.
Recent developments suggest that the network is entering a more structured phase, even as price performance continues to raise concerns among holders.
Mandatory Upgrade Puts Network Alignment First
The Protocol v21.2 upgrade is not optional. It has been defined as a security and compatibility hard fork aimed at strengthening the network.
All Mainnet node operators are required to update before the deadline. Any node that fails to comply risks immediate disconnection and exclusion from consensus participation.
This strict approach ensures that only updated and synchronized nodes remain active, helping maintain stability across the ecosystem.
KYC Milestone Brings Renewed Confidence
Just before the upgrade deadline, Pi Network reached a major milestone. Over 526 million KYC checks have been completed, with more than 18 million users verified through its decentralized validator network.
This achievement highlights growing participation and trust in the system. It also signals that the network is preparing for broader adoption by ensuring user authenticity at scale.
Building the Foundation for DeFi and Web3
The latest upgrade is not only about network alignment. It also focuses on improving performance and preparing the system for higher transaction volumes.
Pi Network is laying the groundwork for future features, including a decentralized exchange, on-chain swaps, and DeFi tools. These developments indicate a shift toward real-world utility rather than just user growth.
More Upgrades Scheduled in April and May
The April 6 upgrade is only the first step in a broader roadmap.
Another update, Protocol v22.1, is expected on April 22. It will focus on improving transaction processing and node communication.
A more significant upgrade is planned for May 18 with Protocol v23.0. This version is expected to introduce smart contract functionality and full Web3 capabilities, expanding what developers can build on the network.
Pi Price Remains Under Pressure
Despite strong development progress, Pi’s price continues to struggle.
The coin is trading around $0.17, with daily volume close to $13.3 million. It remains down more than 94% from its all-time high of $2.98, although a modest recovery from recent lows has been recorded.
Technical indicators show a bearish outlook. A head-and-shoulders pattern has formed, and the price has dropped below key exponential moving averages. The next important support level is near $0.128.
What Comes Next for Pi Network
Pi Network is clearly moving toward a more advanced and utility-driven phase. The combination of mandatory upgrades, growing KYC verification, and upcoming features shows long-term ambition.
However, price performance tells a different story. Until stronger demand or real adoption follows these upgrades, market sentiment may remain cautious.
For now, April 6 stands as a key moment that could shape the next chapter for Pi Network.
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