PI (Pi) decreased by 0.79% in the past 24 hours

Gate News Bot Message, January 27th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.17, down 0.79% in the past 24 hours, with a high of $0.19 and a low of $0.17. The 24-hour trading volume reached $13.1 million. The current market capitalization is approximately $1.451 billion.

Pi Network is the first digital currency that can be mined on a mobile phone. Through breakthrough technology, users can mine on their phones without draining the battery. Pi Network features decentralization, mobile-first design, and eco-friendliness, providing a secure, tamper-proof, and interoperable digital currency. Users can start mining by downloading the Pi App for free, with no invitation required to participate.

Important recent news about PI:

1️⃣ Testnet USDT integration improved, on-chain payment infrastructure accelerating maturity

Pi Network officially launched support for USDT on the testnet wallet on January 26th, guiding users to experience real on-chain payments and DeFi simulation environments in advance. The circulating USDT on the test version has approached 59,000 tokens, and users can view balances, transaction history, and transaction paths in the wallet. By simulating stablecoin operations under zero-risk conditions, early participants become familiar with payment and transaction mechanisms. Each operation provides data feedback to optimize protocols and user experience. This scenario-based rehearsal lays a solid technical and user foundation for Pi Network’s subsequent mainnet integration of stablecoin trading, helping to reduce potential technical friction during official launch.

2️⃣ Ecosystem application system continues to evolve, practical validation deepens

Since mid-January, Pi Network has launched and upgraded several key applications. The TokPi short video social app is now live, supporting users to send digital gifts using Pi in 10 languages; the Fixora local service marketplace has been launched, supporting payments for household cleaning, repairs, and other daily services with Pi Coin. Meanwhile, Pi App Studio has released three major updates, allowing developers to integrate payment functions by mentioning “Pi payment” in new app prompts without programming, significantly lowering technical barriers for third-party app integration. The continuous rollout of these applications and tools marks Pi’s evolution from a simple mining asset to a digital economy tool with real payment functions, creating conditions for increased usability and maturity of the on-chain ecosystem.

3️⃣ Developer ecosystem entry barriers continue to lower, ecosystem expansion momentum strengthens

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. A 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 parallel, a creator incentive activity has launched, where the first 1000 participants who complete surveys will receive 5 Pi points dedicated to App Studio. This approach lowers integration barriers and offers creative rewards, further attracting developers and content creators to participate in ecosystem building, helping to expand payment scenarios.

4️⃣ European compliance layout deepened, institutional development path becoming clearer

Pi Network has completed registration of its white paper with the European Securities and Markets Authority (ESMA), registration number 549, indicating proactive adaptation to the EU’s MiCA regulatory framework. Valour Pi ETP has been listed on a regulated market in Sweden, paving the way for legal operation of Pi within Europe. Meanwhile, 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 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 persists, market liquidity and demand absorption capacity remain insufficient

Over 4.6 million Pi are still entering circulation daily, with about 55.8 million Pi awaiting unlock before the end of the month, and approximately 419 million Pi still 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 is relatively limited, making it difficult to sustain support amid intense unlock pressure and supply expansion. This mechanical increase in supply causes potential buyers to remain cautious; even short-term rebounds are unlikely to sustain continuous support, forming the main driver of recent price declines.

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