PI (Pi) increased by 2.05% in the past 24 hours

Gate News Bot Message, February 4th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 2.05% in the past 24 hours, with a high of $0.17 and a low of $0.15. The current market capitalization is approximately $1.415 billion, an increase of $28.5 million from yesterday.

Pi is the first digital currency that can be mined on a mobile phone. Pi Network uses breakthrough technology to allow users to mine on their phones without draining the battery. The project has three core features: decentralized security, tamper-proof and counterfeit-proof digital assets; mobile-first design, compatible with phones and not consuming power; user-friendly and environmentally friendly, easy to use, secure at scale, and without significant electricity waste. Mining is completely free; users only need an invitation from existing trusted network members to download the app and start participating.

Recent Important News About PI:

1️⃣ Accelerating the Landing of Ecosystem Applications, Initial Success in Establishing Actual Payment Scenarios

Over the past week, Pi Network has launched several important applications intensively, marking a shift from purely mining assets to practical payment tools. The TokPi short video social app has officially launched, supporting users to send digital gifts directly using Pi for content incentives, covering 10 languages; Fixora local service marketplace has also gone live, supporting users to pay for household cleaning, repairs, and other services with Pi Coin. The continuous rollout of these applications has established real on-chain usage scenarios for Pi, gradually shifting its value proposition from virtual mining to a concrete economic circulation tool, helping to enhance market recognition of its long-term value.

2️⃣ Significantly Lowered Developer Tool Barriers, Enhanced Potential for Payment Ecosystem Expansion

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 like JavaScript and React, as well as back-end frameworks such as Next.js and Ruby on Rails. The new “Add Pi SDK” feature allows developers to connect existing or new apps directly to Pi’s core system, including Pi payments, Pi wallet login, and mainnet conversion. In the simultaneous creator incentive campaign, the first 1000 participants who complete a survey will receive 5 Pi points dedicated to App Studio. This approach significantly lowers integration barriers and offers creative incentives, attracting more developers to participate in ecosystem building, which is beneficial for expanding payment scenarios and providing more practical application possibilities for Pi.

3️⃣ Clear Regulatory Path in Europe, Institutional Development Paving the Way

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, providing institutional legal compliance for Pi’s operations within Europe. Furthermore, Pi Network is advancing AI-driven KYC upgrades, with a new verification system that can more efficiently review user identities, accelerating user migration to the mainnet. These series of compliance and technical upgrades create necessary conditions for Pi’s institutional development, helping attract more institutional investors and expanding its European market coverage.

4️⃣ On-Chain Financial Infrastructure Matures, Stablecoin Integration Imminent

Pi Network has officially opened support for USDT testnet wallets, with nearly 59,000 USDT in circulation in the test version. Users can view balances, transaction history, and paths within the wallet. This move allows early participants to familiarize themselves with stablecoin operations risk-free, laying the technical and user foundation for the subsequent mainnet integration of USDT and other stablecoins. Practical operational data from the testing environment enables precise optimization of protocols and user experience, helping to reduce technical friction at launch and indicating that Pi’s on-chain financial infrastructure is approaching maturity.

5️⃣ Structural Supply Pressure Remains, Market Liquidity Absorption Limits Rebound Potential

Over 4.6 million Pi enter circulation daily, with about 55.8 million Pi awaiting unlock before the end of the month, and approximately 419 million Pi ready to flow into the market at any time. With a relatively limited 24-hour trading volume of about $13.1 million, this mechanical increase in supply keeps potential buyers on the sidelines. Short-term rebounds are visible but unlikely to sustain without a slowdown in unlock speed, a significant reduction in circulating supply, and actual on-chain demand absorbing the new tokens. Only when these conditions are met can Pi Network’s price rebuild a more solid bottom support. While the progress of ecosystem application deployment provides positive signals for demand, ongoing supply pressures mean price performance will still face structural constraints.

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