Gate News Bot Message, January 28th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.17, up 0.20% in the past 24 hours, with a high of $0.19 and a low of $0.17. The current market capitalization is approximately $1.456 billion, ranking 51st.
Pi is the first digital currency that can be mined on mobile phones, achieving low-energy mining on mobile devices through innovative technology. Pi adopts a decentralized architecture, making it a secure, tamper-proof, and interoperable digital currency. The project is designed with a mobile-first approach, ensuring that mining does not drain phone batteries, and features user-friendly and accessible characteristics, avoiding the massive energy waste associated with traditional cryptocurrency mining. Users can participate in mining by downloading the official Pi mobile app and joining through invitations from existing network members.
Important recent news about PI:
1️⃣ Testnet USDT integration improved, on-chain financial infrastructure approaching maturity
Pi Network has officially launched support for USDT on the testnet wallet. The test version of USDT circulation is close to 59,000 coins, and users can view balances, transaction history, and transaction paths in the wallet. This move allows early participants to familiarize themselves with stablecoin operations under zero risk conditions, laying a technical and user foundation for Pi Network’s subsequent mainnet integration of stablecoin trading. Through practical operations in the testing environment, the network can accurately capture behavior patterns, gather data to optimize protocols and user experience, and help reduce potential technical friction during official launch.
2️⃣ Multiple ecosystem applications launched, practical payment scenarios accelerating
Over the past week, Pi Network has launched several key applications. The TokPi short video social app is officially online, supporting users to send digital gifts directly using Pi, available in 10 languages; Fixora local service marketplace has also been launched, supporting payments for household cleaning, repairs, and other daily services with Pi Coin. The continuous rollout of these applications marks Pi’s evolution from a simple mining asset to a digital economy tool with real payment functions, creating a practical usage foundation to enhance the usability and maturity of the on-chain ecosystem.
3️⃣ Developer integration tools lowering barriers, expanding payment ecosystem momentum
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 such as JavaScript, React, and back-end frameworks like Next.js and Ruby on Rails. The new “Add Pi SDK” feature allows developers to connect existing or new applications directly to Pi’s core systems, including Pi payments, Pi wallet login, and mainnet conversion. Simultaneously, a creator incentive campaign will reward the first 1000 participants who complete a survey with 5 Pi points dedicated to App Studio. This approach significantly lowers integration barriers, provides creative incentives, and further attracts developers and content creators to participate in ecosystem building, helping to expand payment scenarios.
4️⃣ Deepening European compliance layout, regulatory 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 regulatory framework. Additionally, the Valour Pi ETP has been listed on a regulated market in Sweden, paving the way for legal operation of Pi within Europe. Furthermore, Pi Network is advancing AI-driven KYC upgrades, with a new verification system that more efficiently reviews user identities, accelerating user migration to the mainnet. These series of compliance and technical upgrades create conditions for Pi’s institutional development and participation by institutional investors, helping to expand its European market coverage and boost market confidence.
5️⃣ Structural supply pressure continues to exert downward pressure, market liquidity absorption capacity is insufficient
Over 4.6 million Pi still enter circulation daily, with about 55.8 million Pi awaiting unlock before the end of the month, and approximately 419 million Pi in a state ready to flow into the market at any time. The 24-hour trading volume is about $13.1 million, and market liquidity remains relatively limited, making it difficult to form effective support amid intense unlocking pressure and supply expansion. This mechanical increase in supply causes potential buyers to remain cautious; even short-term rebounds are unlikely to sustain, constituting a major recent price suppression factor. Only when unlocking speeds slow down, circulating supply significantly decreases, 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.
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