Overview
- The Pi Core Team confirmed that Protocol v25 should reach completion on July 22, giving the project its first firm upgrade timetable after weeks of limited guidance.
- Protocol v25 will add BN254 cryptography and Poseidon hashing, tools developers can use to run zero‑knowledge contracts that keep user data off public ledgers.
- PI's market has stayed weak, with the token trading in the low $0.07s after consecutive all‑time lows and short-lived rebounds that sellers quickly erased.
- PiScan data show large scheduled token unlocks that are increasing daily circulating supply—including more than 7 million PI on July 16 and over 24 million PI across a recent five‑day span—which market reports link to heavy selling pressure.
- Whether the upgrade lifts price depends on post‑activation developer adoption, new apps and stronger exchange liquidity, so investors should watch developer activity, listing changes, and whether unlocks are absorbed or sold into the market.