- The token of Pi Network remained under pressure and traded at $ 0.5517 despite the daily profit.
- Userbase crossed 13 million, with more than 3 million new mainnet users added since open network activation.
Despite a wider market recovery, Pi Network [PI] Attached attention in itself for reasons outside a modest price -running.
Trade on $ 0.5517 after a daily profit of 2.28%, the Pi -Toks still delayAfter more than 30% dropped in the past month.
The underperformance of the PI network is particularly noticeable compared to other layer 1 cryptocurrencies.
In fact, the decline takes place next to a decrease in the interest of the retail trade. Google Trends -data supports this observation, which indicates that the search volume for “Pi Network” has fallen to just 8.
Interestingly, this decrease in the hype coincides with the push of the network in the direction of the useful world, three months after opening his blockchain.
Pi network: a 100-day sprint
The shift from Pi Network to an open access model in February meant an important turning point in evolution.
After years in a closed environment, the launch of the Open Network developers, users and verified companies enabled to communicate more with the PI -Blockchain, so that the road was cleared for practical applications.
Since then, the network has registered impressive growth, with more than 3 million new users who joined the mainnet and bring the total to more than 13 million.
According to the PI Core team, more than 7.4 billion PI migrated, locked by 5.2 billion, unlocked 2.2 billion and more than 400,000 nodes are now active.
Note on the same, a user noted“
“A decentralized army – and PI has exactly that. With more than 400,000 active nodes about Testnet1, Testnet2 and MAINNET, PI Network has one of the most robust, resilient and safe distributed infrastructures in the crypto world.”
This is why the ecosystem is high
PI Network has also introduced important upgrades in the ecosystem interface to improve user and developer experiences.
The renewed interface now has a simplified application process for developers who want to integrate their apps, making onboarding more accessible.
In addition to a more intuitive and user-friendly design for smoother navigation, the platform also launched the PI-advertiset network, an initiative aimed at supporting app developers in earning their projects within the Pi-Ecosystem.
What’s behind this?
This expansion has been given considerable momentum, powered by both user involvement and strategic investments.
According to that of the platform blogThe current Pi -Dome -Auction has attracted more than 123,000 active bids of 57,000 unique participants, with more than 3 million PI in total bids.
In an attempt to accelerate the usefulness and acceptance of the real world, the network launched a $ 100 million fund in May, Pi Network Ventures, aimed at supporting startups that are tailored to PI mission.
One of the early projects includes Fruitypi, a fruit -abandonment game built by Community DEVs to support Pi’s Push in Gaming.
Criticism remains
Despite these claims, however, PI’s journey has not been without control, because critics continue to evaluate viability in the long term.
In March, Pionier Dr. Altcoin posted“
“I now understand better why PI is not mentioned at large stock markets such as Binance and Coinbase. It is likely that the PI core team has not been transparent enough about the locking and burning mechanism with the billions of PI coins currently owned by the PCT.”
That is why, given the current volatility, as is recently emphasized by Ambcrypto, all eyes now turn to what subsequently unfolds.
Credit : ambcrypto.com
