The Pi Network's Protocol 23 upgrade has been delayed due to failed transactions on the Testnet, potentially postponing the Mainnet launch to the end of Q1 2026. Despite these setbacks, the Pi ecosystem is expanding, with the Global Pi Market (GPM) now boasting over 208,000 users and 17,000 listings. Meanwhile, Pi Coin has seen a price rebound from $0.15 to $0.22, reflecting increased investor confidence.