PI (Pi Coin) increased by 4.65% in the past 24 hours, with a market capitalization of approximately $1.642 billion.

Gate News Bot Message, January 20th, according to CoinMarketCap data, as of press time, PI (Pi) is currently priced at $0.20, up 4.65% in the past 24 hours, with a high of $0.21 and a low of $0.16. The 24-hour trading volume reached $17.4 million. The current market capitalization is approximately $1.642 billion, an increase of nearly $72.9 million from yesterday.

Important recent news about PI:

1️⃣ Accelerated ecosystem application deployment, TokPi launched to strengthen practical use cases

Pi Network ecosystem achieved a significant breakthrough on January 19th, with the official addition of the short video social app TokPi to Pi Network, introducing core social features such as short videos, live streaming, real-time chat, and digital gifts to the Pi browser. The app operates entirely within the Pi ecosystem, supporting users to send digital gifts using Pi for value transfer and content incentives. It supports 10 languages and features an interface optimized for Pi users’ habits. The launch of TokPi is widely regarded by the community as a milestone, marking Pi’s evolution from a simple mining asset to a digital economy tool with practical use cases. This deployment directly expands Pi’s application ecosystem, providing users with practical ways to use Pi in daily entertainment and social activities, helping to strengthen Pi’s usability as a medium of exchange and its market recognition.

2️⃣ Developer integration tools improved, Pi SDK functionality significantly reduces integration barriers

Pi Network simultaneously launched the “Add Pi SDK” feature on January 19th, allowing developers to directly integrate existing or new applications into Pi’s core system, including Pi payments, Pi wallet login, mainnet conversion, blockchain interaction, and security verification. The new SDK and API tools released on January 14th further optimized the integration process, enabling developers to complete Pi payment integration in as little as 10 minutes without requiring complex blockchain development experience. These tools support multiple front-end technologies such as JavaScript and React, as well as back-end frameworks like Next.js and Ruby on Rails. The substantial reduction in entry barriers for developers means more third-party applications can support Pi payments, laying a technical foundation for rapid expansion of Pi payment scenarios and facilitating Pi’s transition from a holding asset to a practical circulation tool.

3️⃣ Steady progress in regulatory compliance, EU ESMA registration demonstrates institutional development path

Pi Network completed registration with the European Securities and Markets Authority (ESMA) on January 16th, with registration number 549, submitted by PiBit Ltd. This move indicates Pi Network’s proactive adaptation to the EU’s MiCA regulatory framework by disclosing operational models, risk structures, and technical frameworks according to EU standards, enhancing compliance transparency. Although ESMA registration only signifies a disclosure record rather than regulatory approval, it marks a strategic shift towards prioritizing compliance, reserving a regulatory foundation for future expansion within Europe and the European Economic Area. This proactive regulatory engagement helps boost confidence among institutional investors and users regarding the project’s sustainability.

4️⃣ Mainnet governance voting initiated, increased community participation highlights decentralization

Pi Network confirmed that a key mainnet governance vote will be held on January 22nd, with over 15.8 million KYC-completed mainnet users eligible to participate directly in voting, deciding on important upgrades for the network’s next phase. This decision-making mechanism, involving direct community participation, is seen as a critical step towards fully decentralized governance, further empowering users within the ecosystem. The launch of the mainnet voting complements Pi Network’s strategic shift from “mining narrative” to “application, transaction, and payment-driven” development, reflecting the project’s emphasis on community autonomy and transparent decision-making during ecosystem evolution.

5️⃣ Lock-up mechanism buffers market pressure, providing a stable window for ecosystem application expansion

According to official disclosures, Pi Network’s total Pi supply on the mainnet is approximately 8.38 billion coins, with about 4.83 billion coins locked, and approximately 3.55 billion coins unlocked and in circulation. The lock-up ratio is about 57.6%, which helps buffer short-term market pressure and selling risks, providing a stable time window for the gradual expansion of real applications like TokPi and Pi SDK. The lock-up mechanism contributes to stabilizing the token price and creating a relatively favorable environment for ecosystem development.

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