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Pi Network upgrades boost tech but fail to revive PI price or demand

Protocol Fundamentals
07 Oct 2026
AMBCrypto
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Bearish
Pi Network upgrades boost tech but fail to revive PI price or demand

Pi Network has rolled out multiple Mainnet upgrades in 2026, adding smart contract support and enhancing transaction security. Despite these technical improvements, the PI token price remains about 97% below its all-time high, reflecting weak investor confidence. Network usage is still limited, with most activity from small transfers rather than significant smart-contract operations. The upcoming Protocol 28 aims to improve transaction speed and safety, but Pi needs more on-chain demand and active usage to translate its technical progress into market value.

Pi Network's recent upgrade to Protocol 28 is the subject here, with Pluang market data providing context. Of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell today. Notable movers include GRT at Rp483 with a -8.49% change and 74% sell order activity, SUSHI at Rp4.207 with a -8.44% change and 65% sell order activity, and ADA at Rp4.541 with a -8.34% change and 78% sell order activity. This data is as of Oct 07, 2026 18:23 WIB.

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