Pi Network (PI) – Key Trading Metrics
- Current Pi Network Price: $0.4961
- Ticker Symbol: PI
- Market Cap: $3.78 billion
- Fully Diluted Valuation (FDV): $5.82 billion
- 24-Hour Low: $0.4768
- 24-Hour High: $0.5037
- 24-Hour Trading Volume: $114.54 million
- Circulating Supply: 7.63 billion PI
- Maximum Supply: 11.74 billion PI
- 24-Hour Price Change: +0.7836%
The Pi Network token, PI, is now actively traded across select cryptocurrency exchanges, reflecting growing market interest in this mobile-based digital asset. While the project began as a community-driven mining initiative, its transition into open trading has brought it into the broader crypto spotlight.
👉 Discover how PI is shaping the future of accessible crypto trading.
All-Time High Performance
- Pi Network All-Time High (ATH): $2.99
- ATH Date: February 26, 2025
- Days Since ATH: 126
- Decline from ATH: -83.25%
Pi reached its peak value shortly after the official launch of its open mainnet, driven by speculative enthusiasm and early exchange listings. The subsequent correction reflects typical market dynamics seen in newly tradable assets—especially those with large, previously illiquid supplies entering circulation.
Understanding Pi Network: A Mobile-First Cryptocurrency
Pi Network is an innovative blockchain project designed to make cryptocurrency mining accessible through smartphones. Founded by a team of Stanford graduates in 2019, Pi aims to democratize access to digital assets by eliminating the need for expensive hardware or high energy consumption.
Unlike Bitcoin’s proof-of-work model, Pi uses a low-energy consensus mechanism that allows users to mine tokens directly from their mobile devices with just a daily tap. This user-friendly approach has helped Pi amass over 60 million registered users worldwide—making it one of the most widely adopted crypto projects by user count.
Core Features and Technology
✅ Mobile Mining
Mining Pi requires only a few seconds per day via the official app. This frictionless process removes traditional barriers to entry and enables participation from users in regions with limited access to advanced technology.
✅ Stellar Consensus Protocol (SCP)
Pi leverages SCP for transaction validation—a secure, energy-efficient alternative to proof-of-work. SCP relies on trusted validator nodes rather than computational brute force, significantly reducing environmental impact.
✅ Security Circles
Users build “security circles” consisting of trusted contacts. These circles help establish trust within the network and contribute to transaction verification without compromising privacy.
✅ Privacy Protection
Pi integrates zero-knowledge proofs to safeguard user data, ensuring transactions remain private while still being verifiable on-chain.
✅ Gradual Decentralization
While still evolving, Pi’s roadmap emphasizes progressive decentralization. The network is transitioning from centralized control to a fully decentralized ecosystem governed by its community.
Tokenomics and Distribution Model
Pi Network plans to issue up to 11.74 billion tokens over time, with a structured distribution designed to reward early adopters and sustain long-term growth:
- Mining Rewards (65%): Distributed to users who mine daily, refer others, and contribute to network security.
- Ecosystem Development (10%): Reserved for funding dApp development, grants, and innovation within the Pi ecosystem.
- Liquidity Provision (5%): Ensures smooth trading across exchanges once widely listed.
- Core Team Allocation (20%): Released gradually through vesting schedules to align incentives with long-term success.
Notably, many users have opted into multi-year lock-up programs, voluntarily freezing their balances to support price stability and earn additional rewards—a move that enhances market confidence during early trading phases.
Mainnet Evolution and Timeline
Pi’s journey has unfolded in distinct phases:
- March 14, 2019: Launch of the mobile mining app on Pi Day.
- Mid-2019: Rapid growth surpasses 100,000 active users via grassroots outreach.
- 2020: First official roadmap released; testnet development begins.
- March 2020: Alpha release of Pi Node software for desktop validators.
- December 2021: Closed mainnet launch—users pass KYC to migrate balances; transactions limited to internal apps.
- 2022–2024: Expansion of developer tools, browser extension, hackathons, and dApp incubation.
- February 20, 2025: Open mainnet goes live—PI becomes freely tradable on verified exchanges.
This phased rollout underscores Pi’s focus on compliance, scalability, and sustainable adoption.
Mining Rate Progression
As user adoption grows, mining rewards decrease to maintain scarcity:
| Milestone | Mining Rate (PI/hour) |
|---|---|
| Initial Launch | 1.6 |
| After 100K Users | 0.8 |
| After 1M Users | 0.4 |
| After 10M Users | 0.2 |
| Planned for 100M Users | Further reduction (TBD) |
This adaptive model ensures long-term economic sustainability by slowing inflation as the network scales.
Exchange Listings and Market Liquidity
Since the open mainnet launch in early 2025, several reputable platforms—including OKX—have listed PI/USDT trading pairs, enabling real-world price discovery.
However, major exchanges like Binance have not yet listed PI due to ongoing evaluations around technical decentralization, regulatory compliance, and verifiable supply transparency.
👉 See how early exchange listings are influencing PI’s market trajectory.
Liquidity Challenges
Some exchanges face liquidity constraints because:
- Core team deposits may be delayed pending KYB (Know Your Business) verification.
- Over-promising IOU (I Owe You) tokens without sufficient reserves can lead to withdrawal failures or high slippage.
- Informal markets based on unbacked IOUs created speculative pricing not reflective of true market value.
These risks highlight the importance of trading only on compliant, well-capitalized platforms.
Real-World Adoption and Ecosystem Growth (2024–2025)
By 2025, Pi Network had achieved significant milestones:
- Over 18 million users passed KYC
- More than 10 million accounts migrated to mainnet
- 80+ dApps launched across finance, gaming, and social sectors
- Tens of thousands of merchants globally now accept PI as payment
The project stands out for mandating KYC for all participants—a rare move in crypto that boosts regulatory legitimacy and reduces fraud risk.
Future priorities include expanding utility through new integrations, increasing real-world usage, and refining token economics for post-launch sustainability.
Frequently Asked Questions (FAQ)
Q: What is the current price of Pi Network?
A: As of now, one PI token is valued at $0.4961.
Q: What is Pi Network’s maximum supply?
A: The total maximum supply of PI is capped at 11.74 billion tokens.
Q: Is Pi Network listed on major exchanges?
A: PI is available on platforms like OKX and Bitget, but not yet on Binance or Coinbase pending further review.
Q: Can I trade Pi tokens freely after mining?
A: Yes—but only after completing KYC verification and migrating your balance to the open mainnet.
Q: Why did Pi’s price drop after launch?
A: A sharp decline followed the initial spike due to early miners selling accumulated holdings—a common occurrence when locked assets enter circulation.
Q: How does Pi mining work?
A: Users mine Pi by tapping a button daily in the app. No technical setup or power-intensive hardware is required.