Pi Network has set July 22 as the scheduled date for Protocol v25, ending roughly six weeks of limited guidance on when the next network upgrade would arrive. The team said the release is aimed primarily at improving stability and reliability across the network.

The update is also expected to add support for new features tied to more efficient, privacy-preserving smart contracts. The announcement comes during another sharp pullback for PI, which remained below $0.074 after a fresh bout of selling.

Upgrade timeline resumes after quiet stretch

Pi Network has been rolling out protocol changes for months, beginning in mid-Q1 with version 19.6. Later releases followed, and version 20.2 stood out because it established the groundwork for smart contract functionality.

The pace of updates slowed in the second quarter, although the project still moved to versions 22 and 23 in May. Version 24, the current release, went live in early June after a slight delay, and since then the Core Team had provided little clarification on when the next major upgrade would be completed.

That changed with the latest announcement, which said Protocol v25 should be completed by July 22.

What Protocol v25 is expected to do

According to the team, the main goal of Protocol v25 is to improve network stability and reliability. The release is also intended to support additional capabilities for smart contracts, with an emphasis on efficiency and privacy preservation.

The announcement was distributed through Pi Network’s channels, with users directed to the Pi mining app for more details on the planned changes.

PI price extends recent decline

The network update arrives while PI continues to trade through a highly volatile period. The token recently fell below the $0.10 level, and selling pressure has pushed it to a series of new all-time lows.

Its latest low was set two days before the report at just above $0.07. That area initially acted as support and helped trigger a rebound, with PI rising more than 15% at one stage and briefly moving above $0.085.

The recovery did not hold. Another rejection followed, and PI turned lower again, dropping 8% over 24 hours to trade below $0.074. Over the previous two weeks, the token was down more than 35%.

Broader context and next confirmed step

The source article described PI as trading more than 97% below its all-time high from February last year, underlining the scale of the drawdown even after intermittent rebounds.

For now, the next confirmed milestone is the planned July 22 rollout of Protocol v25. Whether the upgrade changes sentiment around the token remains uncertain, but the team has framed the release around network performance improvements and expanded smart contract capabilities rather than market action.

Source: cryptopotato.com