Pi Network Reveals Update to Smart Contract Testnet

TLDR

• Following the protocol v20.2 upgrade, Pi Network enabled its initial smart contract feature on the Testnet.
• The Core Team introduced PiRC2 to make the subscription smart contract available for technical scrutiny and community input.
• While some community members welcomed the update, others expressed worries regarding delayed KYC verification and mainnet migration.
• The PI token hovered around $0.17, even with the recent announcement and the broader market’s recovery.
• PI is still nearly 95% lower than its all-time high of $3, which was hit at the beginning of 2025.

---

(SeaPRwire) –   Pi Network announced a fresh update regarding its smart contract roadmap, although the PI price stayed steady at $0.17. The Core Team verified that the first smart contract function went live on the Testnet and initiated a fresh technical review phase. Nevertheless, community members had mixed reactions, with some embracing the move and others voicing concerns about KYC delays.

Pi Network Expands Smart Contract Testing Framework

Pi Network confirmed that it migrated to protocol v20.2 prior to March 14, also recognized as Pi Day. This upgrade established the foundation for smart contract operations and readied the network for more extensive testing.

To make the Testnet subscription smart contract available for technical review and community feedback, Pi has released the second Pi Request for Comment (PiRC2).

Developers are urged to attempt integrating subscriptions into their own applications, examine the subscription contract design, and test…

— Pi Network (@PiCoreTeam) April 22, 2026

Earlier this month, the Core Team announced that the initial smart contract capability had gone live on the Testnet. The team stated that this feature would support “real, recurring, utility-driven use cases.” It added, “Think e-commerce, streaming, online tools, and more, powered on-chain,” while detailing intended applications.

A few hours ago, the team released the second Pi Request for Comment, known as PiRC2. This proposal makes the Testnet subscription smart contract accessible for technical review and community feedback. The team urged Pioneers to incorporate subscriptions into their applications and test for bugs or edge cases.

The update seeks to bolster developer engagement within the ecosystem. The Core Team invited users to examine the contract design and submit suggestions for improvement. It noted that this step would facilitate broader experimentation prior to any mainnet deployment.

Community Response and PI Price Performance

Community reactions emerged swiftly following the disclosure. X user Chen2Weels characterized the move as beneficial for the ecosystem. The user noted that developers can now “test and deploy on their own apps” and commended community involvement.

Conversely, other members voiced frustration regarding pending KYC verification and postponed mainnet migrations. Some users claimed they have waited years for approval without resolution. They contended that the project should resolve these operational issues before expanding features.

Despite the announcement, the PI token traded at approximately $0.17, maintaining the same level as the previous day. The wider crypto market rebounded following an extended ceasefire in the Middle East. Nevertheless, PI failed to gain upward momentum during that period.

When compared to its all-time high, the decline appears significant. PI reached $3 at the beginning of 2025, yet it currently trades nearly 95% lower. Market data indicates sustained weakness over recent months.

In mid-March, the price surged after Kraken enabled trading services for PI. The listing drove the token to a multi-month high of $0.30. Since then, the asset has retraced and stabilized near its current range.

The latest disclosure represents another development milestone for the project’s Testnet. Meanwhile, the token continues to trade at approximately $0.17 at the time of reporting.