Pi Network (PI) Drops Major Announcement; The community reacts with mixed feelings

“Developers are encouraged to try integrating subscriptions into their own apps,” the official message reads.

The team behind the controversial cryptocurrency project Pi Network aims to improve the overall ecosystem through various initiatives, with the launch of smart contract capabilities among the main goals.

Recently, it made an important revelation about this topic, yet the price of the original token failed to gain traction.

What’s new?

The Pi Network has undergone several vital updates since the beginning of the year, the most important of which was the move to protocol v20.2, which laid the foundation for smart contract capabilities. It was done successfully promotion Before the symbolic Pi Day (March 14).

Earlier this month, the core team open The first smart contract capability is live on the project’s testnet. According to them, this would promote “real, repeatable and utility-based use cases.”

“Think e-commerce, live streaming, online tools, and more, running across the chain,” the announcement said.

Several hours ago, the team delved into the matter, release The second Pi Request for Comment (PiRC2), which aims to open the smart contract to Testnet subscription for technical review and community feedback. Pioneers are encouraged to try integrating subscriptions into their own applications, review the contract design, and test for bugs or edge cases.

Some community members highlighted the development as beneficial to the entire ecosystem. For example, X user Chen2Weels said, users will finally be able to test and publish their own apps.

“This is what we would like to see in other projects: community involvement in developments like this,” they added.

Others were less supportive, claiming that Pi Network needed to address several persistent issues before introducing new initiatives. The main issue seems to be KYC verification and migration to the mainnet, with some users claiming to have been waiting for approval for years without any success.

You may also like:

PI price forecast

The recent announcement and the broader market rebound thereafter Extended ceasefire In the Middle East sparked an uptick in Pi Network’s native cryptocurrency. It continues to trade at around $0.17, which is roughly the same level as yesterday.

When you zoom out, the situation looks even more alarming. The index has collapsed almost 95% from its all-time high of $3, which it reached at the beginning of 2025, and it appears that only a major catalyst, such as support from a leading cryptocurrency exchange, could lead to a significant rebound.

In fact, that’s what happened in mid-March when the Kraken happened Allowed Trading services with the asset, causing the price to rise to a multi-month high of $0.30.