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Pi Network has set May 11 as the activation date for Protocol 23, an upgrade that introduces full smart contract functionality to the Pi blockchain. The change is designed to shift the network from a mobile mining project to a programmable platform that can support decentralized finance (DeFi) applications and real-world asset tokenisation.
Pi Network confirmed May 11 as the Protocol 23 activation date after completing the mandatory Protocol 22 upgrade on April 27. CoinMarketCap reported that Protocol 23 was moved forward from the previously announced May 18 date to May 11 as part of an accelerated upgrade cycle.
The timing also aligns with Pi’s public appearances at Consensus 2026 in Miami. Both co-founders, Dr. Chengdiao Fan and Nicolas Kokkalis, are scheduled to speak on May 6 and May 7, respectively, with Protocol 23 activation following four days later.
Protocol 23 is positioned as the next step after Protocol 22, which began on April 27. Protocol 23 enables developers to build decentralized exchanges, lending protocols, automated tools, and tokenised asset products on Pi for the first time, completing the transformation initiated by Protocol 22.
With Protocol 23, Pi’s Mainnet is expected to support programmable contracts that can be written and deployed directly on the network. The upgrade is also described as unlocking:
Protocol 22’s April 27 deadline disconnected non-compliant nodes that failed to upgrade. The network was then moved to Stellar Core 22 under software version 0.5.4, described as a prerequisite for the smart contract infrastructure introduced by Protocol 23.
As of late April 2026, Pi Network reported 421,000 active Mainnet nodes and over 10 billion PI migrated to Mainnet. The network’s market cap was approximately $1.73 billion.
Pi Network operates in the proof-of-personhood space, competing with projects including Worldcoin and Humanity Protocol. The Consensus 2026 appearances are framed as part of a broader AI-era identity and programmable finance narrative, rather than a standalone technical release.
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