On October 29, 2025, crypto analyst Mahidhar Crypto (@Mahidhar_Crypto) posted an update urging users to accumulate Pi coins ahead of the upcoming V23 protocol upgrade and Pi DEX launch. According to him, these developments are expected to bring significant liquidity to the Pi Network ecosystem.
Mahidhar also included a standard disclaimer — “DYOR” (Do Your Own Research) and “NFA” (Not Financial Advice) — while encouraging his followers to “catch the coin before it rises,” hinting at potential market growth following the upgrade.
Market data shows that $Pi is currently trading at $0.26383, marking a 5.7% increase in the past 24 hours — even as broader crypto markets trend downward. Major assets like Bitcoin and Ethereum are under pressure, with BTC trading near $112,807 (-1.59%) and ETH at $4,012 (-2.05%). Similarly, Solana and BNB have both fallen by more than 2%, reflecting a broader bearish sentiment.
Despite the market slowdown, Pi Network’s upcoming V23 upgrade is driving optimism. The update aims to improve network stability, node synchronization, and developer tools, while also strengthening on-chain KYC and smart contract functionality. Following its August 2025 Testnet rollout, V23 marks another step toward Pi Network’s long-awaited Open Mainnet launch.
DEX Launch to Boost Liquidity
The upcoming Pi DEX is set to transform the network’s liquidity landscape by enabling peer-to-peer token trading within the Pi ecosystem. It will operate on an Automated Market Maker (AMM) model, allowing users to contribute liquidity pools and earn transaction fees in return.
The launch draws parallels to successful platforms like Uniswap (Ethereum) and PancakeSwap (BNB Chain) — both of which triggered massive liquidity inflows after launch. Similarly, the Pi DEX could enhance trading activity, price stability, and overall market depth for $Pi.
Founded in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Network was designed to make crypto mining accessible via mobile devices. By late 2025, the network has reached approximately 14.8 million Mainnet users, positioning itself as one of the largest community-driven blockchain projects. The V23 upgrade represents a major milestone toward full decentralization.
The Pi community remains highly engaged, with developers actively building applications using Pi App Studio and integrating DeFi functionalities. Early adopters experimenting with staking and liquidity farming on the Testnet DEX have shown growing enthusiasm for the upcoming Mainnet deployment — expected by the end of 2025.
Pi Gains Market Momentum
While $Pi’s overall liquidity remains modest compared to leading cryptocurrencies, its market presence is expanding steadily. The token has fluctuated between $0.18 and $0.26 throughout October 2025, with the latest 5.7% rise signaling renewed confidence in the project’s progress.
Trading volumes reached 2.18 million USDT, a modest but rising figure that reflects growing retail participation. Analysts note that Pi’s long-term success depends on the actual implementation of its upcoming upgrades and ecosystem tools.
For now, experts urge caution, advising investors to conduct independent research before following accumulation calls — as the network continues to evolve toward its next major phase.
