PI (Pi) decreased by 5.40% in the last 24 hours

Gate News Bot Message, January 21st, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.18, down 5.40% in the past 24 hours, with a high of $0.21 and a low of $0.16. The current market cap is approximately $1.547 billion, a decrease of $88.34 million from yesterday.

Important recent news about PI:

1️⃣ Accelerated ecosystem application deployment, continuous expansion of practical scenarios

Pi Network has launched several important applications in the past week, further expanding the real use cases of Pi Coin. TokPi, the first short video social app born for Pi, has officially gone live, supporting users to send digital gifts directly using Pi for value transfer and content incentives, available in 10 languages, with an interface optimized for Pi users’ habits. Simultaneously launched, Fixora serves as a local service marketplace, supporting users to pay for household cleaning, home repairs, tutoring, and other daily services using Pi Coin. The successive launch of these two applications marks a shift of the Pi ecosystem from purely mining assets to everyday usable payment tools, reinforcing Pi Coin’s payment attributes in real-world scenarios.

2️⃣ Developer tools optimization reduces integration barriers, key breakthroughs in the payment ecosystem

Pi Network released a new SDK and API tools, enabling developers to integrate Pi payment functions within 10 minutes without requiring complex blockchain development experience. These tools support front-end technologies like JavaScript and React, as well as back-end frameworks such as Next.js and Ruby on Rails. Additionally, the “Add Pi SDK” feature allows developers to connect existing or new applications directly to Pi’s core system, including Pi payments, Pi wallet login, and mainnet conversion. This significantly lowers the technical barriers for third-party applications to adopt Pi payments, laying a solid foundation for rapid expansion of payment scenarios, and is expected to accelerate more applications to adopt Pi payment features.

3️⃣ Regulatory compliance and governance mechanisms advance in tandem, reflecting a path of institutionalized development

Pi Network completed the white paper registration with the European Securities and Markets Authority (ESMA), registration number 549, indicating proactive adaptation to the EU’s MiCA regulatory framework. Meanwhile, Pi Network confirmed a key mainnet governance vote scheduled for January 22nd, with over 15.8 million KYC-verified mainnet users eligible to participate in voting, deciding on important upgrades for the network’s next phase. This community-involved decision-making mechanism demonstrates Pi’s progress toward fully decentralized governance, while ESMA registration provides a regulatory foundation for future expansion in Europe. Together, these reflect Pi Network’s strategic shift toward prioritizing compliance.

4️⃣ Community-driven practical applications support long-term value expectations

By 2026, the Pi Network community has shown development features different from traditional crypto projects. Pioneer users and local merchants in various regions have begun experimenting with Pi for peer-to-peer barter, including snacks, household items, and daily necessities, with transactions completed directly via Pi wallets without relying on fiat currency. This grassroots adoption pattern stems from community trust accumulation, with local merchants accepting payments via QR codes and users transferring funds through wallet transactions, creating a closed-loop transaction model. These micro-level real transactions reinforce Pi’s feasibility as a medium of exchange and lay a foundation for the ecosystem’s practical validation.

5️⃣ Short-term pressure and long-term fundamentals improvement create phased contradictions

Although Pi Coin experienced price adjustments over the past week, this trend mainly results from intensive unlocking pressures and market liquidity shortages. Data shows Pi Coin’s daily trading volume is about $18.5 million, with over 4.6 million Pi entering the market daily, and approximately 55.8 million tokens still awaiting unlock by the end of this month. These supply pressures are difficult to alleviate in the short term. However, the launch of practical applications like Fixora and TokPi, the improvement of SDK tools, and the emergence of community barter demonstrate that Pi Network is building a long-term practical foundation. The contradiction between short-term pressure and long-term fundamental improvement will influence Pi Coin’s evolution trajectory in the coming months.

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