Pi Network v23 Testnet Stability Signals Mainnet Upgrade Soon

Pi Network’s long-awaited v23 upgrade appears to be approaching the finish line. Fresh testnet data shows strong stability under high transaction loads. Also, the community is now preparing for the next major milestone: the mainnet transition to version 23. With smart contract execution finally within reach, excitement across the ecosystem is ramping up fast.

Testnet v23 Shows Strong Stability

New blockchain testnet metrics shared by Pi community developers indicate that protocol version 23 is performing smoothly. Even during heavy traffic, the failure rate remains extremely low. This matters because Pi’s v23 upgrade lays the groundwork for on-chain smart contracts. It’s a feature the community has awaited for years.

Developers say the upgrade from Testnet2 to v23 is nearly complete. Once that transition is finalized, the core team will move directly toward implementing the same upgrade on mainnet. That step marks the point where the Pi blockchain becomes capable of running real decentralized apps, smart contracts and tokenized assets. Community voices call this the “closest Pi has ever been” to activating full blockchain functionality. Many see it as the final technical step before the Pi Network enters an open mainnet phase.

Mainnet Metrics Continue to Climb as Activity Grows

Pi’s mainnet continues to show steady growth. More than 8.31 billion π in mining rewards have already migrated on-chain. Around 5.04 billion π remains locked, while 3.26 billion π is now unlocked. According to the network’s explorer, total circulating supply mirrors the migrated amount and the effective total supply has crossed 12.7 billion π.

Operations on mainnet remain active. New accounts are appearing every minute, along with payments, claimable balances and wallet-to-wallet transfers. This level of activity signals that the network is still moving forward. Despite ongoing debates about KYC, migration and the timeline for an open economy.

Pi Wallet Tools and Token Creation Guide Released

Alongside the testnet progress, the Pi Core Team published new documentation showing how developers can create tokens on the Pi testnet. The guide explains how to set up issuer and distributor wallets. Including activating trustlines, minting tokens, verifying domains through pi.toml and preparing assets for liquidity pools.

This update arrives just as Pi Wallet introduces new features tied to private keys and liquidity operations. The move signals the team’s effort to expand Pi’s developer capabilities before smart contracts launch. The document has sparked renewed interest in building apps, marketplaces and tokenized utilities. Exactly the kind of ecosystem Pi aims to support once mainnet restrictions lift.

Pi’s Vision Shifts Toward Web3 Gaming

The Pi ecosystem is also beginning to lean more heavily into gaming. Community updates describe Pi Network’s plan to evolve into a Web3 gaming hub. Something similar to a decentralized version of Steam. With more than 70 million pioneers and growing developer tools. Pi aims to blend digital currency, smart contracts and gaming economies in a single ecosystem. 

If the v23 mainnet upgrade rolls out smoothly, Pi will finally unlock the infrastructure needed to support that vision. Currently, all eyes remain on testnet finalization. And with stability improving each day, the wait for v23 on mainnet may be shorter than many expected.