Pi Network Completes Protocol 28 Upgrade Amidst Sub-$0.08 Trading
Pi Network's Mainnet transition has been completed, but the token remains below $0.08 with mixed market response.
Pi Network's Mainnet transition has been completed, but the token remains below $0.08 with mixed market response. Pi Network (PI) is trading at $0.0793, up 0.2% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Fri, 23 Oct 2026 12:00:07 UTC.
The Protocol 28 upgrade introduces new developer tools and shifts Pi Network towards a proof-of-use model, which could impact its long-term adoption and value proposition.
- Pi Network's Protocol 28 upgrade is now live with new developer tools.
- The network is transitioning towards a proof-of-use model.
- PI token price remains below $0.08 despite the upgrade.
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- Pi Network Completes Protocol 28 Upgrade Amidst Sub-$0.08 Trading — this brief
Pi Network has completed its scheduled Mainnet transition with the implementation of Protocol 28. This upgrade introduces new tools for developers, which could enhance the network's functionality and attract more applications.
The network is also moving towards a proof-of-use model, which is expected to take some time to show its full impact. This model aims to encourage more active participation and usage of the network.
Despite the upgrade, the PI token's price has not seen a significant boost. As of October 23, PI was trading around $0.0786, and it has since risen slightly to $0.079141, representing a 24-hour increase of 0.41%.
The broader crypto market remains relatively flat, with a total market cap of $2.8 trillion. 
Bitcoin is down 0.46% in the last 24 hours, and the overall market sentiment is neutral, with a Fear & Greed index of 50.
The lack of significant price movement in PI following the upgrade suggests that the market may be waiting to see the long-term effects of the changes. Investors and users will likely be watching for further developments and adoption metrics.
Since this brief published about 1 hour ago, Pi Network (PI) has moved from $0.0791 to $0.0793 — +0.21%.
The chart plots PI's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 PI ≈ ₦108.33 (about $0.0793), up 0.8% over 24 hours. The naira itself trades about 3.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Pi Network Completes Protocol 28 Upgrade Amidst Sub-$0.08 Tr — questions & answers
What changes does Protocol 28 bring to Pi Network?
Protocol 28 introduces new developer tools and shifts the network towards a proof-of-use model.
How has the PI token price reacted to the upgrade?
The PI token price has risen slightly to $0.079141 but remains below $0.08.
What is the significance of the proof-of-use model?
The proof-of-use model aims to encourage more active participation and usage of the Pi Network.
How much is 1 Pi Network worth in naira today?
About ₦108.33 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.0793. The naira price moves with both PI's US-dollar price and the USDT/NGN rate; use our Pi Network in naira page for any amount.
Has Pi Network's price moved since this brief was published?
PI is up 0.21% since this brief first published — trading at $0.0793 now versus $0.0791 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.