Pi Network Completes Mainnet Transition Amidst Price Stagnation
Pi Network's Protocol 28 upgrade has been implemented, but its token price remains below $0.08.
Pi Network's Protocol 28 upgrade has been implemented, but its token price remains below $0.08. Pi Network (PI) is trading at ₹7.53 ($0.0793), up 0.2% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 23 Oct 2026 12:00:01 UTC.
The Mainnet transition introduces new developer tools and shifts Pi towards a proof-of-use model, which could impact its long-term adoption and value proposition.
- Pi Network's Protocol 28 upgrade has been successfully implemented.
- PI token price remains below $0.08 despite the upgrade.
- The upgrade introduces new developer tools and shifts towards proof-of-use.
- Pi Network Claims 300 Mainnet Apps at Ecosystem Summit
- Pi Network Price Recovers Above $0.08 Amidst Market Uncertainty
- Pi Network Completes Mainnet Transition Amidst Price Stagnation — this brief
Pi Network has completed its scheduled Mainnet transition with the implementation of Protocol 28. This upgrade introduces new tools for developers and sets the stage for a shift towards a proof-of-use model, which is expected to take some time to materialize.
Despite the successful transition, the market reaction has been muted. The PI token is currently trading at $0.079141, representing a modest 0.41% increase over the past 24 hours but a 2.55% decline over the past week.
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, as measured by the Fear & Greed Index, is neutral at 50.
The introduction of new developer tools and the move towards proof-of-use could be significant for Pi Network's ecosystem. These changes aim to enhance the network's functionality and potentially attract more users and developers.
Investors and users will be watching to see how the new tools are adopted and whether the proof-of-use model will lead to increased engagement and value for the PI token. The current price stagnation suggests that the market may be waiting for more concrete signs of progress.
Since this brief published about 1 hour ago, Pi Network (PI) has moved from ₹7.51$0.0791 to ₹7.53$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 Token Times'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 ≈ ₹8.23 (about $0.0793), up 0.8% over 24 hours. The rupee itself trades about 9.3% above the official rate on the P2P market, so a Indian 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Pi Network Completes Mainnet Transition Amidst Price Stagnat — questions & answers
What changes did Protocol 28 introduce to Pi Network?
Protocol 28 introduced new developer tools and initiated a shift towards a proof-of-use model.
Why hasn't the PI token price increased after the upgrade?
The price may be stagnant due to the market waiting for more tangible outcomes from the upgrade.
What is the current market sentiment for crypto?
The overall market sentiment is neutral, with a Fear & Greed Index of 50.
How much is 1 Pi Network worth in rupee today?
About ₹8.23 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0793. The rupee price moves with both PI's US-dollar price and the USDT/INR rate; use our Pi Network in rupee 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 ₹7.53 ($0.0793) now versus ₹7.51 ($0.0791) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.