PI coin is below $0.08 after Protocol 28. What has the upgrade changed?

Pi Network’s scheduled Mainnet transition has passed, but its price remains below eight cents. The change gives developers new tools; proof of use will take longer to show up. Summary PI traded near $0.0786 on October 23, with roughly $3.1 million in reported 24 hour volume and a market value near $888 million. Pi asked Mainnet node operators to move to Protocol 28 by October 13 ahead of an October 16 activation, but its node page still describes the upgrade as in progress. October 20’s $0.078992 CoinGecko close was below the October 16 close of $0.080503; those two observations do not isolate an upgrade effect. The project says it has more than 300 Mainnet apps and 18.1 million KYC verified users, without publishing comparable transaction and repeat usage figures for the apps. Pi’s November 17 to 19 ecosystem summit offers a dated opportunity for developers to show working products, payment activity and what the new protocol has enabled. PI was changing hands around $0.0786 on October 23, according to crypto.news’ live price page. The token was down about 13% over a month and its reported daily turnover was about $3.1 million. A protocol release had been scheduled for the previous...