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The Pi Network has launched Node version 0.5.4, now rebranded as Pi Desktop, marking a significant step forward in its ecosystem development. This update introduces smoother performance, refined mining reward calculations, and automatic updates. It also includes a new system for verifying open ports, which helps ensure users receive proper Node bonuses. The redesigned interface now unifies access to the Node, mining app, and Pi App Studio, streamlining the user experience.
In parallel, Pi Network has reportedly joined the ISO 20022 standard, a global financial messaging protocol used by banks for secure cross-border transactions. This move could align Pi with other regulated digital assets like Stellar and Ripple, potentially opening doors to broader financial integration.
The platform’s KYC (Know Your Customer) system has also expanded dramatically. Over 3.36 million users have been verified recently, with another 4.76 million cases under review. This surge in verified users signals growing momentum toward Pi’s long-awaited open mainnet launch.
Despite these technical and regulatory strides, the PI token’s price has dipped nearly 10%, currently hovering around $0.218. Analysts note mixed market signals: while some indicators suggest accumulation, others point to capital outflow. Notably, a large wallet recently acquired 2.77 million PI tokens, reinforcing confidence in the token’s support level near $0.20.
While developer activity remains modest and mainnet usage is still limited, Pi’s latest updates show the team is actively building infrastructure and preparing for broader adoption.