• PI value rose greater than 16% in 24 hours, reaching a market capitalization of $2.2 billion.
• Greater than 10 million tokens have been withdrawn from exchanges in October.
• Testnet2 v23 improve permits good contracts and DeFi instruments.

At this time’s Pi value has risen over 16% prior to now 24 hours, pushing its market cap to $2.2 billion. Buying and selling quantity additionally elevated sharply, approaching $100 million, as group trackers confirmed that protocol v23 was lively on the testnet.

This improve coincides with Pi Community’s use of the modified Stellar consensus protocol, unlocking good contracts and DeFi instruments that builders can stage now. The workforce plans to difficulty a consolidated technical be aware. Till then, activation particulars will replicate public reporting

This enhance is according to PiScan knowledge exhibiting that over 2.6 million PI tokens have been withdrawn from exchanges inside a day.

Tokens go away exchanges, provide of IOU pairs is tight

In line with BeInCrypto’s earlier evaluation, almost 10 million tokens left centralized exchanges throughout October, with the alternate’s whole provide dropping to 410 million from 420 million in September.

Particularly, when traders transfer their holdings off exchanges, it alerts elevated confidence within the long-term potential of the asset. Merchants are sometimes withdrawing tokens to self-custodial wallets, suggesting much less intent to promote and a shift in direction of accumulation.

KYC breakthroughs enhance confidence

Pi Community has deployed an intensive automated course of to resolve pending Know Your Buyer (KYC) verifications. In line with the undertaking’s newest weblog submit, the system has efficiently verified over 3.36 million further Pioneers.

Of those, roughly 2.69 million customers have already migrated to the Pi Mainnet blockchain. Moreover, 4.76 million provisionally KYC-ed Pioneers at the moment are eligible for full verification.

Associated: Pi Community launches DeFi instruments as PI token trades 90% beneath ATH

“This massive-scale system course of contains complicated mechanisms that use superior AI fashions and analyze massive datasets from operational checks and KYC utility knowledge,” the Pi Community workforce defined. This technique ensures that every applicant is real and meets all the required KYC requirements for full verification.

Testnet2 v23 Improve: Leap to the World Mainnet

In the meantime, the Testnet2 v23 improve marks vital progress in direction of a totally open mainnet for Pi Community. This improve, activated on October 28, 2025, introduces Stellar SCP compatibility along with good contract (Soroban) and decentralized finance (DeFi) device integration.

In line with analysts monitoring the improve, the rollout adopted a rigorously deliberate schedule. From the ultimate node sync on October twenty fourth, to the tip of group voting on October twenty sixth, to the ultimate declaration of readiness on October twenty seventh, and to the complete protocol activation on October twenty eighth.

All community nodes at the moment are operating protocol v23, and new DeFi instruments and good contract options are totally out there.

This improve brings Pi nearer to the imaginative and prescient of a human-centric digital financial system, permitting customers to construct, commerce, and deploy decentralized functions on the community.

It additionally establishes the inspiration for future governance and contract deployment, and is the ultimate bridge to the long-awaited open mainnet.

Associated: Pi Community Worth Prediction: PI faces key check as nice partnerships and developer upgrades increase expectations