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Market Overview of Pi Network: Consolidation and Innovations

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by Giorgi Kostiuk

19 hours ago


Pi Network has shown activity in recent days, with price changes and new events in its ecosystem. This article covers key aspects of the current network status.

Current Prices and Trading Volumes

At press time, Pi Network (PI) is trading at $0.38, down 7% from the previous day. The daily trading volume is $115.2 million. Over the past week, the price has increased by 7%. In the last 24 hours, PI ranged between $0.38 and $0.40, while over the week, it ranged from $0.34 to $0.46. The market capitalization is $2.96 billion. The total supply is 12.03 billion tokens, with 7.82 billion in circulation and 5.23 billion locked.

Network Activity and Liquidity

According to piscan.io data, centralized exchanges hold 409.4 million PI. OKX holds 29.55 million, while Bitget holds 139.9 million. Most of the supply appears to be off exchanges, possibly in wallets or staking. Meanwhile, the network processes 0.714 transactions per second, with 22,163,901 blocks produced, indicating a light transaction load at current activity levels.

Updates in Pi Network Ecosystem

Chainphon plans to list PI on its dApp, opening $PHONE/$PI trading at 09:00 AM UTC on August 12. The launch also includes a 100 PI giveaway for users answering a question about the coin’s launch date. Pi Network has also extended its .pi Domains Auction until the end of September, allowing users to create simple, name-based wallet addresses, similar to .eth and .bnb, aimed at simplifying payments and interactions.

Pi Network continues to show market activity amid consolidation. Ecosystem updates and upcoming events, such as the listing on Chainphon, could be catalysts for further price changes.

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