Crypto Market Awaits Key Updates from Pi Network, Arbitrum, and More

The final week of August is expected to bring several significant updates across the crypto market. On August 24, Pi Network will introduce standard pricing for its app studio, which may lead to a reduction in low-quality applications and an increase in demand for the token within the ecosystem.

Arbitrum is also making headlines as it expands into the real-world asset market by offering tokenized U.S. stocks on its network. This development will give users access to blockchain-based versions of traditional equities, with the assets designed around 1:1 backing and on-chain settlement.

In other news, Phantom will end support for Monad on August 26, which may create short-term pressure on MON sentiment due to reduced wallet accessibility. However, this move does not affect the underlying Monad network itself.

On the same day, Stable is scheduled to roll out its v1.8.0 upgrade, which will bring higher throughput and improvements to transaction processing, execution, and network infrastructure. This upgrade supports Stable's position in the growing stablecoin and RWA sector by making the network more scalable and reliable.

Finally, Stellar is set to hold a testnet vote for Protocol 28 on August 27, focusing on improving the network's smart-contract infrastructure and supporting its longer-term push into payments, tokenization, and other blockchain applications.