Pi Network continues to attract attention in the cryptocurrency world as it moves closer to building a fully functional ecosystem. The project, which began in 2019 as a mobile mining initiative, has grown into a global community with millions of users, known as Pioneers. Today, September 22, 2025, brings several important updates regarding protocol upgrades, KYC improvements, governance changes, and market activity. These developments highlight both the opportunities and challenges facing Pi Network at this stage of its journey.
Protocol Upgrade and Testing
One of the most significant milestones this year has been the rollout of protocol upgrades. The network recently transitioned from version 19 through version 22 and is now preparing for version 23. According to the team, this new stage will integrate identity verification directly into the protocol itself. While KYC has always been a requirement for mainnet migration, embedding it at the protocol level marks an important step toward security, compliance, and trust.
For users, the protocol upgrade means a more reliable network, better transaction security, and smoother onboarding. Developers building decentralized applications on Pi are also expected to benefit from a stronger foundation. This focus on infrastructure may not generate immediate price excitement, but it is critical for long-term growth.
KYC and User Onboarding
Pi Network has introduced what it calls a Fast Track KYC process. Powered by artificial intelligence, the system is designed to reduce the time it takes for users to verify their identity. This is especially relevant given the project’s enormous user base, where millions are still waiting to complete verification. By making the process faster and easier, Pi is opening the door for more participants to access wallets and begin transacting.
A notable change is that users can now activate wallets before migrating to the mainnet in some cases. This lowers entry barriers and creates a smoother experience for new members. It also shows Pi’s commitment to balancing accessibility with compliance.
Governance and Legal Structure
Another major development is the formal shift in ownership. Pi Network is no longer under Social Chain Inc. but has transitioned to the Pi Community Company, registered in the Cayman Islands. This move is designed to create a more transparent governance model and to establish Pi as a legally recognized entity that can interact with global regulators and partners.
For a project of this size, governance is crucial. It reassures users, businesses, and developers that the network is not just a hobbyist experiment but a structured, long-term platform with professional oversight.
Market Activity and Token Outlook
On the market side, the PI token is currently trading around $0.34 to $0.35. This reflects ongoing pressure from the broader crypto downturn and concerns about upcoming token unlocks. Large amounts of PI are scheduled to enter circulation, and if many holders choose to sell, the price could face additional downward pressure.
Still, some technical analysts believe that if Pi can break resistance levels near $0.43, short-term rallies are possible. Longer-term predictions, such as Pi reaching $1 or even $10, remain speculative and depend heavily on adoption of real-world use cases. Until the ecosystem sees higher transaction volumes, dApp activity, and merchant acceptance, the token’s value will remain largely sentiment-driven.
Ecosystem Development
Beyond the protocol and token price, Pi Network is working on expanding its ecosystem. Tools like the Pi App Studio are encouraging developers to build decentralized applications, while new services tied to identity and domains are being tested. The ultimate goal is to create a self-sustaining digital economy where users can trade goods, services, and content using Pi.
The community has also been vocal about wanting more clarity on timelines, exchange listings, and practical applications. For many Pioneers, the next stage of success will be measured not just by upgrades but by visible real-world use.
Final Thoughts
The September 22, 2025 update shows that Pi Network is making steady, if sometimes slow, progress. Protocol upgrades and KYC improvements are vital for security and compliance. Governance changes strengthen the project’s credibility. The market situation remains challenging, but that is true across much of the cryptocurrency space.
For Pioneers, the path forward involves patience, engagement, and a focus on building rather than short-term speculation. The Pi Network remains one of the most ambitious experiments in digital finance, and its success will ultimately depend on how well it can deliver utility to its millions of users worldwide.
