How Does Pi Network's $1.4B Market Cap Compare to Other Crypto Projects in 2025?

Pi Network's $1.4B market cap ranks outside top 100 cryptocurrencies

According to the latest CoinGecko 2025 Q1 Crypto Industry Report, Pi Network (PI) commands a market capitalization of $1.4 billion, positioning it outside the top 100 cryptocurrencies in the digital asset landscape. However, this ranking underwent significant transformation during Q1 2025, with PI experiencing notable momentum that propelled it into the top 30 by the quarter's end.

The cryptocurrency experienced remarkable volatility throughout the quarter, with its price fluctuating between $0.049 and $3.00. This dramatic price movement reflected broader market dynamics, as the total cryptocurrency market cap declined 18.6% to $2.8 trillion during Q1, while Bitcoin dominance surged to 59.1%.

PI's ascension into the top 30 cryptocurrencies by quarter's end demonstrates investor confidence in the project's fundamentals. The mobile mining protocol distinguished itself from competitors, securing significant trading activity across multiple exchanges. This trajectory indicates that despite initial positioning outside the top 100, Pi Network successfully captured market attention through sustained trading volume and community engagement, ultimately establishing itself as a noteworthy player in the altcoin ecosystem during 2025's opening quarter.

Circulating supply of 8.34 billion PI with 24-hour volume of $36M

Pi Network currently maintains a circulating supply of 8.34 billion PI tokens, representing approximately 8.34% of its total maximum supply of 100 billion tokens. This substantial circulating volume reflects the network's significant distribution phase as it transitions toward mainstream adoption.

The 24-hour trading volume of $36 million demonstrates moderate market activity, indicating consistent trading interest among network participants. This volume level suggests balanced market dynamics, where sufficient liquidity exists for transactions while reflecting the cryptocurrency's current market positioning.

The relationship between circulating supply and trading volume reveals important market characteristics. With a market capitalization of approximately $1.93 billion, PI demonstrates substantial valuation despite limited exchange trading availability. The token remains primarily accessible through the Pi Network application's mining mechanism rather than traditional exchange platforms, which distinctly differentiates its distribution model from conventional cryptocurrencies.

This supply and volume combination positions PI within a unique market segment, where accessibility through mining creates consistent demand pressure alongside gradual token release mechanisms that prevent sudden supply shocks during network maturation phases.

PI trading on limited exchanges with moderate liquidity

PI Network's presence across limited exchange venues with moderate liquidity creates distinct trading dynamics that differentiate it from established cryptocurrencies. Currently trading at $0.2314 with a 24-hour volume of approximately $4.83 million, PI demonstrates the characteristic volatility associated with cryptocurrencies operating on restricted trading platforms.

The limited liquidity environment amplifies price swings, making PI significantly more volatile than major digital assets. This concentration of trading activity across fewer venues means that substantial buy or sell orders can trigger notable price movements. Recent price action illustrates this pattern—PI experienced a dramatic decline from $0.35 levels in mid-September to $0.199 by mid-October, followed by recovery phases that underscore the volatility inherent in restricted exchange access.

The moderate trading volume relative to PI's $1.93 billion market capitalization reflects the gap between perceived value and actual liquidity availability. This discrepancy creates both opportunities and risks for traders. Positive catalysts, such as the MiCA whitepaper filing that sparked a 9% price increase toward $0.26, demonstrate how limited liquidity can amplify positive sentiment, allowing smaller volumes to drive proportionally larger price movements.

PI's presence on approximately seven exchanges contrasts sharply with major cryptocurrencies available on dozens of platforms. This limited distribution continues to restrict institutional access while maintaining community-driven trading dynamics that characterize early-stage digital assets seeking broader market integration.

FAQ

Is pi coin worth anything yet?

As of 2025, Pi Coin's value remains speculative. Its worth is based on purchase price, but market demand is still limited.

How many pi is $100?

As of 2025-12-02, $100 is equivalent to approximately 412.58 PI coins, based on current market rates.

What is the future of pi coin?

Pi coin's future looks promising. By 2030, its value could reach $6.00, with an average price around $4.50, driven by continued adoption and ecosystem growth.

How much is 1 pi coin worth currently?

As of December 2, 2025, 1 Pi coin is worth $0.23. This value fluctuates based on market conditions.