Key Highlights
- Pi Network deployed its inaugural smart contract functionality on the Testnet after implementing protocol v20.2 upgrade.
- The development team introduced PiRC2, opening the subscription smart contract for technical evaluation and user input.
- Community reactions varied, with some members praising the advancement while others voiced frustration regarding KYC processing and mainnet transitions.
- The PI token maintained a price level around $0.17 following the development announcement amid wider crypto market gains.
- PI currently trades approximately 95% lower than its peak value of $3 recorded in early 2025.
Pi Network announced progress on its smart contract development roadmap, though the PI price held steady at $0.17. The development team verified that it deployed the initial smart contract capability on the Testnet and initiated a technical evaluation period. Community members responded with varying perspectives, with supporters applauding the progress while critics highlighted ongoing verification challenges.
Pi Network Advances Smart Contract Testing Infrastructure
Pi Network announced the completion of its protocol v20.2 upgrade ahead of March 14, recognized as Pi Day. This upgrade established the technical foundation for smart contract operations and positioned the network for expanded testing phases.
Earlier in the month, the development team revealed that the inaugural smart contract capability became operational on the Testnet. The team described this feature as designed to enable “real, recurring, utility-driven use cases.” According to their statement, potential applications include “e-commerce, streaming, online tools, and more, powered on-chain.”
Recently, the team published the second Pi Request for Comment, designated as PiRC2. This proposal makes the Testnet subscription smart contract available for technical examination and community contributions. The team urged Pioneers to incorporate subscription features into their projects and identify potential bugs or unusual scenarios.
This development seeks to expand developer engagement across the ecosystem. The development team invited participants to analyze the contract architecture and propose enhancements. They indicated that this phase would facilitate comprehensive experimentation prior to any mainnet implementation.
Community Feedback and PI Token Market Activity
Community feedback emerged promptly following the announcement. X user Chen2Weels characterized the development as beneficial for the ecosystem. The user noted that developers can now “test and deploy on their own apps,” while commending community engagement.
Meanwhile, other community members voiced concerns about outstanding KYC verification requests and postponed mainnet transitions. Several users mentioned waiting years for processing without updates. They suggested that the project should resolve these operational matters before introducing additional features.
Following the announcement, the PI token continued trading around $0.17, maintaining the same price point from the day before. The wider cryptocurrency market experienced gains following an extended ceasefire agreement in the Middle East. However, PI remained stable without upward price movement during this recovery period.
Compared to its historical peak, the price decline appears significant. PI achieved $3 during early 2025, representing approximately 95% below current levels. Market information indicates continued price weakness throughout recent months.
During mid-March, the price experienced a surge after Kraken activated trading support for PI. The exchange listing drove the token toward a multi-month peak of $0.30. Following that rally, the asset declined and settled near its present trading range.
This recent announcement represents another developmental achievement for the project’s Testnet infrastructure. Currently, the token maintains a trading price of approximately $0.17 at the time of publication.
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