Pi Network Protocol v23 Launches Ahead of Mainnet Vote on January 22

Pi Network has rolled out a major system upgrade. The new update Protocol v23 is now live. The upgrade comes just weeks before an important mainnet vote expected on January 22, 2026. The update was shared by Pi community members on X. They said Protocol v23 is already deploying and will improve speed, security and decentralization for more than 15.8 million mainnet users, also known as Pioneers. The Pi community now sees this as a big step toward a stronger and more open network.

Protocol v23 Brings Faster and Safer Network

Protocol v23 is built on Stellar Core v23.0.1. This upgrade improves how fast the network processes transactions and how well it handles heavy activity. With this update, Pi Network can support more users and more apps at the same time. This is important as Pi moves closer to full open mainnet access.

The upgrade also strengthens the base of the network. Developers say it makes Pi more ready for real-world use such as payments, apps and digital services. For everyday users, it means smoother transfers, fewer delays and better overall performance.

KYC Moves Directly On-Chain

One of the biggest changes in Protocol v23 is how identity checks work. Pi Network has now embedded KYC authority directly on-chain. This means user verification is no longer fully handled by centralized systems. Instead, it becomes part of the blockchain itself.

This change helps reduce risks linked to central control. It also improves transparency and trust across the network. Many community members had earlier raised concerns about how the team managed identity data. This update directly answers those concerns. The goal is simple. More decentralization, more user control and more security.

Mainnet Vote Expected on January 22

Along with the upgrade, a mainnet-related vote is expected on January 22. The community members said the vote will allow Pioneers to help shape the future of the network. With over 15.8 million mainnet users, this could become one of the largest community votes in crypto history.

The Pi Core Team has reminded users to stay alert and follow only official channels. They also warned that @PiCoreTeam is the only official Pi Network account on X. The team expects the vote to guide how Pi moves forward in its open network phase.

Pi Tests New Liquidity-Based Token Rankings

At the same time, Pi Network is also testing a new feature in its DEX. Instead of ranking tokens by market cap, Pi is now testing liquidity-based rankings. This means the platform will rank Pi tokens by real trading activity instead of price hype. Supporters say this will reduce manipulation and reward real usage. The idea fits Pi’s long-term vision. Build real utility and avoid speculation.

A Big Step Toward Full Web3 Ecosystem

Protocol v23 is not just a technical update. It is a signal that Pi Network is preparing for its next phase. With over 17 million KYC verified users, more than 215 live apps and a growing ecosystem, Pi is slowly moving from mining to real. The upcoming mainnet vote could mark a turning point. Indeed, for millions of Pioneers around the world, the message is clear. Specifically, Pi Network is no longer just an idea; instead, it is becoming a real blockchain economy.