Pi Coin increased by 3.67% in the past 24 hours, with a market capitalization of approximately $1.688 billion.

Gate News Bot Message, December 17th, according to CoinMarketCap data, as of press time, Pi Coin is currently priced at $0.20, up 3.67% in the past 24 hours, with a high of $0.22 and a low of $0.19. The current market capitalization is approximately $1.688 billion.

Pi Coin is the first digital currency that can be mined on mobile phones, utilizing groundbreaking technology to achieve mining without damaging the battery. Pi features decentralization, security, tamper-proofing, and interoperability, making it an easy, secure, and environmentally friendly digital currency solution. Users can start mining by downloading the Pi app for free and joining the network with an invitation from existing trusted members. Pi Network is committed to providing a convenient way for global users to participate in crypto assets.

Recent important news about Pi Coin:

1️⃣ Smart Contract Launch and Tenfold Node Growth Mark Infrastructure Maturity
Pi Network has launched smart contract functionality on Testnet2, enabling developers to deploy and test fully functional decentralized applications, including on-chain logic, payments, and user interactions, marking a significant step toward real-world application development. Meanwhile, the number of mainnet nodes is expected to increase tenfold by 2025, greatly enhancing the network’s decentralization and resilience. Running a node requires a long-term technical commitment; the rapid growth in node numbers reflects increased participant confidence, indicating that Pi’s underlying infrastructure has significantly matured and is ready for higher transaction volumes.

2️⃣ Large-Scale KYC Verification Breakthrough and Accelerated User Migration
Over 17.5 million users have completed KYC verification, with 15.7 million successfully migrated to the mainnet, forming one of the largest identity verification communities in the Web3 space. The AI-driven KYC system integration has reduced the pending verification queue by 50%, shortening verification cycles from long waits to 3-14 days. This breakthrough in verification efficiency removes long-standing bottlenecks for the project, paving the way for the full launch of Open Mainnet, and provides a trust foundation for practical applications such as payments, social platforms, and loyalty programs.

3️⃣ Rapid Expansion of Ecosystem Applications and Shift Toward Practical Utility
Pi Hackathon 2025 attracted 215 project submissions, with winners and selected projects focusing on real-world use cases, including merchant loyalty tools, gaming, and social platforms. The champion project BlindLounge integrates KYC verification with Pi payments; runner-up Starmax offers Pi-based loyalty systems for merchants; third-place RUN FOR PI directly incorporates Pi into in-game economies. The emergence of these applications indicates increased developer ecosystem confidence and a shift toward practical applications rather than speculation, supporting the long-term value of Pi.

4️⃣ Cross-Chain Interoperability and Financial Tool Innovation Expanding Ecosystem Boundaries
Pi Network’s infrastructure design reflects cross-chain interoperability intentions. GitHub records show the project has embedded pre-verified intermediary institutions, including wallets, transfer, and remittance platforms, most built on Stellar infrastructure. It supports mainstream assets such as BTC, ETH, USD, and XRP, providing instant support for liquidity, settlement, and cross-network activities. PiBridge’s launch of Pi-backed loans allows users to collateralize Pi holdings to obtain USD liquidity, further expanding the ecosystem’s financial tools and enhancing Pi’s practical value in global payment systems.

Currently, Pi Network is steadily progressing from testing to production readiness through smart contract deployment, infrastructure expansion, accelerated user verification, and ecosystem application implementation. Although short-term market pricing has not fully reflected these infrastructure developments, the project’s long-term growth momentum is gradually emerging. Investors should pay attention to the expected launch of Open Mainnet in early 2026 and the actual adoption of ecosystem applications.

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