Important Pi Network News and PI Price Update: October 20

Some X users argued that protocol v28 has been successfully deployed. Last week was supposed to mark the completion of a key ecosystem development, but Pi Network’s Core Team has yet to verify that the milestone has been achieved. PI’s weak performance persists, and a further slump could see it lose its spot among the 100 largest cryptocurrencies. Upgrade or Not? At the start of 2026, Pi Network started a protocol upgrade process, initially implementing version 19.6. It later deployed v20.2, which laid the foundation for smart contract capabilities and several other upgrades meant to enhance the ecosystem. The latest completed update was protocol v27, while v28 was supposed to arrive on October 16. Pi Network has not yet announced the update, but some X users argue it’s already live. One of those is Kim H Wang, who said: “After upgrading to version 28 protocol on October 17, Pi Network has the core blockchain infrastructure needed to support smart contract and public decentralized applications (dApps). Pi Network is ready for public dApp deployment.” Pi Network Alerts claimed the same thing. According to the X account, protocol v28 has gone live on the Mainnet, highlighting the upg...