Pi Network On August 27th, visible smart contract activities occurred on the testnet. Testnet wallets indicated that the related calls were associated with the BNPi reservation application established on that network, which some community members viewed as new progress before the mainnet switch.
Two calls have appeared on the test network.
The two currently visible functions are server_auto_release and release_booking_escrow, which are mainly used for fund custody and automatic release in booking scenarios.
According to this design, after the user completes the reservation, the funds will first go into a custodial account. Once the guest checks in, the funds are automatically released to the landlord; in case of any disputes, they will be handled according to the preset rules.
The mainnet launch is still scheduled for September.
This hosting feature is related to Protocol 27, which Pi Network is currently advancing. This upgrade aims to expand the network's smart contract capabilities, and the related mainnet schedule is still set for September 15, 2026.
According to information leaked from social media platforms, the decentralized exchange and automated market maker interfaces in the Pi Wallet test network are also being updated, indicating that the construction of related infrastructure is progressing in tandem.
PI rose by 2% in the past 24 hours
PI is currently trading at around $0.09178, up 2% in 24 hours, but has still seen a slight decline in the past week. Compared to some altcoins that have seen increases of 30% to 50% recently, PI has performed relatively weakly overall.
Looking at a longer period, PI is still more than 96% below its historical high of $2.99 set in February 2025; however, compared to the low of $0.07059 in July 2026, the price has rebounded by about 30%.
The pace of unlocking in 2029 slows down.
Additional data provides monthly token unlocking forecasts extending up to 2029. Compared to earlier stages, the pace of subsequent unlocks has slowed down.
- It is expected that 3,405 PI will be unlocked in July 2029.
- It is expected that 15,722 PI will be unlocked in August.
- From September to December, it was mostly between 2,488 and 3,694.
Some market participants believe that the slowdown in unlocking means less new selling pressure, which could provide support for long-term price performance. However, this judgment currently mainly stems from market expectations.
