Pi Network Introduction
Pi Network is a decentralized cryptocurrency network for the public, aimed at promoting the most inclusive peer-to-peer economic system, allowing users to mine and trade Pi tokens conveniently through mobile devices. Unlike the traditional Proof of Work (PoW) mechanism that relies on high computing power devices, Pi Network adopts the Stellar Consensus Protocol (SCP) consensus mechanism, making the mining process lightweight, empowering global users to participate in the blockchain economy, and building a complete ecosystem through a mobile-friendly interactive interface.
With the opening of the Pi Network mainnet on February 20, 2025, the $PI token has successfully landed on multiple centralized exchanges, including Gate.com. From the trading data, the liquidity and trading depth of Pi Coin on multiple trading platforms have been initially established, with high market participation. In the future, with the further development of the Pi ecosystem, more mainstream exchanges may list Pi trading pairs, and the market landscape may also change.
Pi Network project logo (Image source: https://x.com/PiCoreTeam）
Related links
Official website entrance:https://minepi.com/
X (Twitter):https://x.com/PiCoreTeam
Medium:https://pinetwork-official.medium.com/
Telegram:https://t.me/PiAnnouncements
App download: 1.https://apps.apple.com/us/app/pi-network/id1445472541(Ios)
2.https://apps.apple.com/us/app/pi-network/id1445472541(Google Play)
Blockexplorer: https://blockexplorer.minepi.com/mainnet/
Trading Entrance:https://www.Gate.com/en/trade/PI_USDT
Pi Coin Spot Market
According to CoingeckoThe latest data shows that as of 2:00 on February 21, 2025 (UTC+0), the PI/USDT trading pair prices on various exchanges are basically maintained between $0.658 and $0.663, with a small price difference. Although the new coin is still in the price discovery stage, the overall market liquidity is relatively abundant. In terms of trading depth, Gate.com market has a higher depth of buy and sell orders (+2% depth $343,000, -2% depth $308,000), showing a strong market absorption capacity. The trading depth of other exchanges is relatively low at present, and liquidity is more dispersed.
In terms of trading volume and market liquidity, Gate.com currently holds the largest market share with a 24-hour trading volume of $485 million, accounting for 45.58% of the overall market trading volume, indicating strong support for $PI and attracting significant liquidity. Bitget ranks second in trading volume with a 24-hour trading volume of $357 million, representing a market share of 33.61%. However, it is worth noting that its Trust Score is yellow, indicating that the market may have some doubts about the quality of Bitget’s trading data or liquidity.
In addition, OKX, as one of the mainstream exchanges, has launched multiple trading pairs. The trading volume of the PI/USDT pair is about 197 million US dollars, accounting for 18.55%, showing stable market demand; MEXC has a lower trading volume, accounting for 1.95%, and relatively weak trading activity.
02/21 Pi Network Spot Market Trading Overview (Image Source:https://www.coingecko.com/en/coins/pi-network）
Pi Coin Contract Market
In terms of perpetual contracts, the trading volume of $Pi is higher, and the overall scale may even exceed the spot market. This may be because the liquidity of the $PI spot market is currently mainly concentrated on a few exchanges such as Gate.com. Some investors prefer to trade in the futures market to obtain more flexible leverage operations and faster liquidity. This also indicates that the current market sentiment tends to short-term fluctuations rather than long-term investment value support.
In addition, Gate.com Futures has the highest trading volume, reaching 605 million US dollars, with a market share of 57.33%, indicating that the platform’s futures products are more accepted by investors, which may be due to the platform providing a stable matching system and sufficient market depth. The contract trading volumes of other centralized exchanges (such as Flipster, OKX, LBank, etc.) are relatively low, with market shares ranging from 1% to 10%, and the liquidity is still unstable.
02/21 Pi Network perpetual contract market trading overview (Image source:https://www.coingecko.com/en/coins/pi-network)
Pi Coin Risk Warning
Despite the fact that Pi Network has attracted a large number of users worldwide in recent years and successfully landed on multiple mainstream exchanges, its operational model still faces certain compliance controversies in some jurisdictions. Currently, some countries have not yet made clear regulations on the legal status of Pi Network and its token $PI. Before trading Pi Coin, investors should fully understand local laws and regulations to avoid potential compliance risks.
In addition, there have been cases of using Pi currency for fraud in the market. Some criminals, under the name of Pi Network, promise high returns to attract investors to participate in illegal fund pools. It is recommended that investors remain highly vigilant and avoid falling into unverified investment scams, especially for projects claiming “Pi prices are about to skyrocket” or “providing super high returns”, please carefully verify their authenticity to avoid economic losses due to credulity.
The market value of $PI is mainly driven by supply and demand and market sentiment. Its actual ecological application is still in the construction stage and has not yet formed a stable value support. It is recommended to prioritize trading on exchanges with sufficient liquidity and high market transparency, such as Gate.com, OKX, and other platforms with high Trust Score ratings. Consider multiple factors such as exchange security, market depth, funding rates, etc., and allocate assets reasonably.
Conclusion
With the expansion of the Pi Network ecosystem applications, Pi Coin may be accepted by more mainstream exchanges in the future, further enhancing its market stability. Currently, the $PI price is mainly driven by market sentiment and speculative demand, and investors still need to be vigilant against market manipulation risks. In addition, some jurisdictions have not yet clarified the legal status of the PI coin ecosystem, which may affect its long-term value. In the future, as the ecosystem applications are implemented, the value support of Pi Coin may gradually strengthen, possessing long-term value appreciation potential. However, in the short term, it is still necessary to pay attention to market dynamics and formulate more robust investment strategies.
