Pi Network has activated Protocol 22 as of April 27, 2026, marking a significant backend upgrade to enhance scalability and prepare for advanced functionalities. This update, built on Stellar Core 22, required all node operators to upgrade to version 0.5.4 to maintain network connectivity. The activation signals Pi's transition from a social mining experiment to a fully functional blockchain infrastructure. The upcoming Protocol 23, set for release on May 11, is anticipated to be a pivotal development, introducing smart contracts and enabling Pi to function as a programmable platform akin to Ethereum. This upgrade will facilitate real-world asset tokenization, decentralized applications, and the launch of a native decentralized exchange. Pi Network's roadmap includes further updates with Protocol 24.1 on May 25 and Protocol 25.1 on June 8, focusing on optimization and scalability, respectively, culminating in Protocol 26.0 on June 22. Currently, Pi Network is trading at approximately $0.18, with a market cap of $1.86 billion, reflecting a 6.5% weekly gain. Despite a slight 0.69% dip in the past hour, the token maintains a 2% gain over the last 24 hours, indicating mild consolidation. The network's circulating supply stands at 10.36 billion tokens, with a maximum supply of 100 billion, suggesting potential future dilution as more tokens are released.