PI (Pi) decreased by 0.35% in the past 24 hours

Gate News Bot Message, January 22nd, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.18, down 0.35% in the past 24 hours, with a high of $0.21 and a low of $0.16. The 24-hour trading volume reached $15.5 million. The current market capitalization is approximately $1.535 billion, a decrease of $5.42 million from yesterday.

Recent Important News about PI:

1️⃣ Multiple Practical Applications Launched, Rapid Expansion of Use Cases

Pi Network has released several practical applications over the past week, accelerating ecosystem development. The short video social app TokPi has officially gone live, supporting users to send digital gifts using Pi for content incentives, available in 10 languages. Simultaneously, Fixora has been launched as a local service marketplace, allowing users to pay for household cleaning, repairs, and other daily services with Pi Coin. The launch of these two applications marks Pi’s transition from a simple mining asset to a daily usable payment tool, providing clear pathways for real-world circulation scenarios.

2️⃣ Developer Integration Tools Improved, Significantly Lowering Payment Access Barriers

Pi Network has released a new SDK and API toolkit, enabling developers to integrate Pi payment functions within 10 minutes without requiring complex blockchain development experience. The tools support front-end technologies like JavaScript, React, and back-end frameworks such as Next.js and Ruby on Rails. Additionally, the “Add Pi SDK” feature allows developers to connect existing or new applications directly to Pi’s core system, including Pi payments, Pi wallet login, and mainnet conversion. The significant reduction in entry barriers is conducive to promoting third-party applications to adopt Pi payment features quickly, laying a technical foundation for expanding ecosystem payment scenarios.

3️⃣ Steady Progress in EU Compliance, Substantial Advances in MiCA Adaptation

Pi Network has completed the white paper registration with the European Securities and Markets Authority (ESMA) (Registration No. 549) and disclosed key technical documents to meet the compliance requirements of the EU’s Markets in Crypto-Assets Regulation (MiCA). This move paves the way for Pi’s legal operation within the EU framework. Meanwhile, Valour Pi ETP has been listed on a regulated market in Sweden. These series of compliance actions indicate that Pi Network’s strategy is shifting towards institutionalization, which will help expand its coverage in the European market and boost institutional investor confidence.

4️⃣ Community Governance Weight Increased, Mainnet Voting Initiated for Decentralized Decision-Making

Pi Network confirmed that on January 22nd, a key mainnet governance vote will be conducted, with over 15.8 million KYC-verified mainnet users eligible to participate in voting to determine the next major upgrade direction of the network. This decision-making mechanism, involving direct community participation, strengthens users’ voice within the ecosystem and is a critical step towards full decentralized governance.

5️⃣ Structural Supply Pressure Continues to Weigh, Short-term Price Faces Ongoing Tests

Data shows that over 4.6 million PI tokens enter circulation daily, with approximately 55.8 million PI awaiting unlock by the end of January. About 419 million PI remain in a state ready to enter the market at any time, keeping Pi Network in a long-term seller-dominated pattern. Pi Coin has broken below the key support level of $0.20. In the short term, buying activity is more defensive than proactive, with limited rebound momentum. Until structural supply pressures are significantly alleviated, the price risks further decline towards the $0.15 region for new support. Only when unlock speeds slow, circulating supply decreases noticeably, and on-chain demand can genuinely absorb new tokens, will Pi Network’s price have the chance to rebuild a more solid bottom.

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