PI (Pi) increased by 1.47% in the past 24 hours

Gate News Bot Message, February 3rd, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 1.47% in the past 24 hours, with a high of $0.18 and a low of $0.15. The current market capitalization is approximately $1.387 billion.

Pi is the first digital currency that can be mined on mobile phones, achieving lossless mining on batteries through breakthrough technology. PI features decentralization, mobile-first design, and user-friendliness, aiming to make cryptocurrency mining simple and accessible, providing more users with opportunities to participate in the crypto ecosystem. Users can join the network for free; they only need an invitation from trusted existing members to download the mobile app and start mining.

Recent Important News about PI:

1️⃣ On-chain payment infrastructure continues to improve, testnet ecosystem verification accelerates

Pi Network has officially launched support for USDT on the testnet wallet, providing users with a risk-free environment for on-chain payment operations. The circulating USDT in the test version has approached 59,000 tokens, and users can view balances, transaction history, and transaction paths in the wallet. Data collected from real-world scenario simulations helps optimize protocols and user experience, laying a solid technical and user foundation for future mainnet stablecoin trading, and reducing potential technical friction at launch.

2️⃣ Multiple practical applications launched, usable payment scenarios enter operational stage

Pi Network has introduced several practical apps, marking a shift from concept to real-world application. The TokPi short video social app is now live, supporting users to send digital gifts using Pi in 10 languages; the Fixora local service marketplace is also live, allowing users to pay for household cleaning, repairs, and other services with Pi Coin. These launches demonstrate Pi’s evolution from a mining asset to a daily usable payment tool, creating tangible pathways for ecosystem usability and maturity.

3️⃣ Developer tools optimized and incentivized simultaneously, ecosystem participation continues to grow

Pi Network released a new SDK and API toolkit, enabling developers to integrate Pi payment functions in as little as 10 minutes without complex blockchain development experience. The tools support multiple front-end technologies like JavaScript and React, as well as back-end frameworks such as Next.js and Ruby on Rails. The new “Add Pi SDK” feature allows developers to connect existing or new apps directly to Pi’s core systems, including Pi payments, Pi wallet login, and mainnet conversions. Concurrently, a creator incentive campaign offers 5 Pi points to the first 1000 participants who complete surveys, specifically for App Studio. This dual approach lowers integration barriers and offers creative rewards, further attracting developers and content creators to participate in ecosystem development.

4️⃣ European compliance framework established, institutional development path becoming clearer

Pi Network has completed registration of its white paper with the European Securities and Markets Authority (ESMA) (Registration No. 549), indicating proactive adaptation to the EU’s MiCA regulation framework. Valour Pi ETP has been listed on a regulated market in Sweden, ensuring legal operation within Europe. Meanwhile, Pi Network is advancing AI-driven KYC upgrades, with a new verification system to more efficiently review user identities and accelerate migration to the mainnet. These compliance and technical upgrades create necessary conditions for Pi’s institutional development and investor participation, helping expand its European market coverage and boost market confidence.

5️⃣ Structural supply pressure still needs to be absorbed, market liquidity remains limited

Over 4.6 million Pi enter circulation daily, with approximately 419 million Pi available for immediate market entry. The 24-hour trading volume is about $13.1 million, indicating relatively limited market liquidity. Under the pressure of frequent unlocks and expanding supply, effective support is hard to form. Currently, Pi hovers around $0.16, a position coinciding with key technical support levels. Despite ongoing ecosystem development, mechanical supply growth keeps potential buyers on the sidelines, making short-term rebounds unlikely to sustain. Only when unlock speeds slow, circulating supply decreases significantly, and on-chain demand can genuinely absorb the new tokens, will Pi Network’s price have the chance to rebuild a more solid bottom support.

This message is not investment advice; please be aware of market volatility risks.