PI ecosystem application deployment accelerates, three main driving factors behind the 4.65% increase

PI (Pi Coin) has increased by 4.65% in the past 24 hours, currently trading at $0.20, with a market capitalization of approximately $1.642 billion. This rise is not solely driven by market sentiment fluctuations but is a result of the market recognition of the synchronized breakthroughs across multiple dimensions of the PI ecosystem, including applications, tools, and governance. From the launch of short video social applications to the improvement of developer tools and the initiation of mainnet governance voting, PI is transitioning from a purely mining asset to a practical usage scenario.

PI’s Phase Breakthrough

According to the latest news, PI has achieved several important milestones in recent days. On January 19, the short video social app TokPi officially joined the PI ecosystem, introducing core features such as short videos, live streaming, real-time chat, and digital gifts to the PI browser. This app supports users sending digital gifts directly using PI and is available in 10 languages. It is regarded by the community as a landmark event marking PI’s shift from an asset to a trading tool.

On the same day, PI Network launched the “Add PI SDK” feature, allowing developers to integrate existing or new applications directly into PI’s core system. According to official data, developers can complete the integration of PI payment functions in as little as 10 minutes without requiring complex blockchain development experience. This move significantly lowers the barrier for third-party applications to access, laying a technical foundation for the rapid expansion of PI payment scenarios.

Market Significance of Ecosystem Improvement

Why do these developments push up PI’s price? The core reason is the expansion of usage scenarios. As more applications support PI payments and more users utilize PI in daily entertainment and social activities, the demand for PI circulation increases. In contrast, purely mining assets face the risk of gradual sell-offs by holders, whereas assets with practical applications are driven by growing usage demand.

From this perspective, the launch of TokPi and SDK tools marks PI’s transition from a “holding asset” to a “circulating tool.” This transformation provides structural support for the coin’s price, rather than short-term emotional speculation.

Long-term Signals of Governance and Compliance

On January 16, PI Network completed registration of its white paper with the European Securities and Markets Authority (ESMA), with registration number 549. Although this only represents a disclosure filing rather than regulatory approval, it reflects PI’s proactive attitude toward embracing regulation, which helps enhance institutional investors’ confidence in the project’s sustainability.

Meanwhile, PI confirmed that a mainnet governance vote will be held on January 22, with over 15.8 million KYC-verified mainnet users eligible to participate directly. This community-involved decision-making mechanism is seen as a key signal of PI moving toward fully decentralized governance, further strengthening users’ voice within the ecosystem.

Stable Foundation of Market Structure

It is worth noting the locking mechanism of PI. According to official disclosures, approximately 4.83 billion PI are locked, accounting for 57.6%. This high lock-up ratio somewhat buffers short-term market pressure and provides a stable time window for the gradual expansion of real applications like TokPi and PI SDK. In other words, the market is unlikely to face significant sell-off pressure from unlocked coins in the short term, creating a relatively favorable environment for ecosystem application promotion.

Key Observations for the Next Phase

Transitioning from a mining asset to a practical application tool, PI is currently in a critical transitional period. The following points require close attention:

• Whether TokPi’s user growth and activity levels can be maintained
• Whether third-party applications will widely adopt PI payment functions
• How the results of the January 22 mainnet governance vote will influence the ecosystem’s direction
• Whether the ESMA registration in the EU will lay the groundwork for subsequent expansion in European markets

Summary

The 4.65% increase in PI reflects not only short-term price fluctuations but also market recognition of the ecosystem’s synchronized breakthroughs across applications, tools, and governance. From the launch of TokPi to the improvement of SDK tools and the initiation of mainnet voting, PI is shifting from a simple mining concept to a practical trading and payment tool. The high lock-up ratio of 57.6% provides a stable time window for this transition. Whether PI can sustain this upward momentum in the future depends critically on application adoption rates and user activity levels keeping pace with ecosystem development.