1. Pi Network project background

Pi Network is the first digital currency project to mine through smartphones. It allows users to easily participate in mining on their phones through low-power, decentralized means, without the need for high-performance computing devices like traditional miners. Pi Network’s token symbol is PI, aiming to create a more popular and accessible blockchain network.

Since its launch in 2019, Pi Network has quickly attracted tens of millions of users worldwide. The project is committed to promoting the popularization and application of blockchain technology through its unique mining mechanism and user participation. On February 20, 2025, Pi Network was listed on Gate.io, marking the successful launch of its mainnet and attracting strong market attention.

2. Pi Coin token economy model and market performance

Pi Coin token supply and circulation

The maximum supply of PI Network is 100 billion PI, and currently about 6.308 billion PI are in circulation. According to recent data, the circulating market value of PI has reached 7.002 billion US dollars, with a circulation rate of 65%. In the past 24 hours, the trading volume of PI was 1.4915 billion PI, with a total turnover of approximately 1.3489 billion US dollars.

Pi Coin price trend

• Lowest Price: $0.6647
• Highest Price: $1.770
• Current price: $1.1186
• 24-hour increase: +66.67%

Source:Gate.io spot trading

Source:Pi Network - AiCoin

3. Pi Network technology scalability bottleneck

As Pi Network enters the mainnet phase, the technical scalability challenge it faces becomes particularly prominent. Although the project has successfully achieved decentralization and has millions of users participating, ensuring the efficient processing capability of the blockchain system in future global application scenarios will be a key bottleneck. Currently, Pi Network has made remarkable achievements in decentralized mining and network construction, but the continued growth of user base may lead to network congestion, especially in terms of transaction throughput and verification speed.

To meet these challenges, Pi Network must further optimize its blockchain architecture and improve transaction processing capabilities. With the comprehensive promotion of the mainnet, transaction speed, confirmation time, and network processing capabilities will directly affect user experience and network sustainability. Therefore, Pi Network needs to continue to improve its consensus mechanism and expansion technology to ensure that it can handle a large number of transaction requests and avoid system overload.

In addition, with the introduction of smart contracts, decentralized applications (dApps), and cross-chain protocols, Gate.io’s technical architecture will face more challenges. The introduction of these technologies not only requires blockchain to handle more complex computations and data interactions but also requires enhancing the system’s fault tolerance to ensure smooth transactions on a global scale. Therefore, Gate.io must continuously improve the scalability of its blockchain, introduce efficient solutions, ensure that the network can handle a large number of transactions and user requests, and maintain efficient operations.

Source:Pi Cryptocurrency White Paper | Pi Network

4. Pi Network ecosystem landing challenges

After years of development, Pi Network is in the transition from technical prototype to practical application. Although the project has attracted a large number of users and accumulated rich community resources, to achieve comprehensive implementation of the technology and create actual business value, Pi Network still faces multiple challenges.

First, Pi Network must attract more developers and partners to jointly build its ecosystem. Currently, Pi Network has reached preliminary cooperation agreements with multiple partners, but to achieve comprehensive commercial applications, Pi Network needs to build a more mature partnership network and rely on external developers to continuously expand its application scenarios.

Secondly, Pi Network needs to transform its decentralized technology and token economic model into actual commercial applications. Especially in the fields of mobile payments, e-commerce, finance, etc., how to promote ecological construction through innovative business models is a pressing issue. In order to achieve this goal, Pi Network not only needs to continue to promote community and developer participation but also needs to strengthen cooperation with traditional enterprises to promote the widespread implementation of Pi Network ecological applications.

In addition, the business model of Pi Network also faces the challenge of balancing incentives and sustainability. After transitioning to the mainnet, ensuring the value and market liquidity of the token, avoiding economic instability caused by excessive incentives or over-reliance on miner rewards, will be key to the stable development of the Pi Network ecosystem. Therefore, Pi Network needs to continue optimizing its token supply model and adjusting reward mechanisms based on actual needs to ensure long-term sustainable ecological development.

5. Pi Network Market Heat and Community Participation

Since the launch of Pi Network, the market and community have been in a state of high enthusiasm, especially driven by the innovation of mobile mining functions, Pi Network has successfully attracted a large number of users to join. Currently, Pi Network has over tens of millions of registered users, and the community’s activity is also quite considerable. Pi Network maintains the community’s enthusiasm by regularly hosting online events, releasing product updates, and enhancing interaction with developers and users.

The success of Pi Network lies not only in its innovative mobile mining model but also in its emphasis on community building. By continuously strengthening community governance and incentive mechanisms, Pi Network encourages users to participate in the platform’s construction and development, thus forming a healthy and active community ecosystem. In addition, Pi Network further enhances user interaction and engagement through mechanisms such as security circles and referral teams, providing strong guarantees for network decentralization and security.

In the future, as Pi Network gradually moves towards the mainnet phase, maintaining the community’s enthusiasm and achieving commercial transformation will become important tasks. Pi Network will need to continue to increase user engagement, attract more users and developers to join the ecosystem through a more diverse incentive mechanism and application scenarios.

Summary

Since its inception, Pi Network has made significant progress in the fields of decentralization and mobile mining, attracting a large number of users’ participation. However, as the project develops, Pi Network will face a series of challenges, especially in terms of technical scalability and ecological landing. In order to achieve long-term stable development, Pi Network needs to continue optimizing its technical infrastructure, expanding practical application scenarios, and promoting the commercialization of the ecosystem. Whether Pi Network can overcome these challenges within the next three years and achieve global decentralized applications will determine its position and influence in the blockchain industry.