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FollowingDetailed explanation of the major upgrade of Pi Network in July: Notice to Pioneer Users
The Pi Network team launched a number of new updates yesterday and elaborated on the X platform on how these features work and how users can make the most of them. However, its underlying assets continue to hit new lows, and the decline seems far from over.
Interpretation of New Updates
Two major updates were reported yesterday: one is to focus on the AI-assisted application planning phase, allowing developers to create products from the original idea; the other is to improve backend support. In a follow-up post about the second upgrade, the team focused on key features and how pioneer users would benefit.
\"The starting point for backend capabilities is to provide persistent storage for newly created App Studio applications, allowing applications to save and retrieve user-specific data across sessions.\" Developers can build apps on Pi App Studio that provide a continuous experience-even if users leave and return again without interruption. The team gave examples: games can remember the user\'s highest score, efficiency apps can display the user\'s to-do list again, and notes apps can automatically save notes.
Previously, the process was completely different because these apps were \"basically limited to a pure front-end, single-session experience,\" and once a user quits out of the app, data such as preferences or progress disappeared. The team said adding such support today is \"an important milestone for the App Studio platform because it greatly expands the actual functionality that AI-created applications can achieve on the Pi Network.\" Persistent storage is the first capability built on this foundation, making possible more diverse practical applications.
PI prices hit new lows
Although the Pi Network team is still releasing protocol updates relatively frequently, its native tokens have failed to benefit from it and rebounded significantly. On the contrary, its price trend continues to decline. At the end of June, when the entire market corrected, the PI fell below $0.115, setting a record low. It then briefly rebounded to the US$0.12 to US$0.13 range and stayed there for about a week, but plunged again at the opening of Monday. Yesterday, the price fell to US$0.1033, setting a new record low again. A few hours later, the short sellers launched a new round of decline. According to the data, the current new low is $0.1002. Although it has rebounded slightly by 1.5% since then, the PI still faces the risk of falling below $0.10 in the near term, considering overall market sentiment and the lack of trust in the token.
