Gate News Bot news, on October 28, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.23 USD, with a 4.88% fall in the last 24 hours, reaching a high of 0.29 USD and a low of 0.19 USD, with a 24-hour volume of 118 million USD. The current market capitalization is approximately 1.911 billion USD, a decrease of 98.0148 million USD compared to yesterday.
Important news about PI recently:
1️⃣ Testnet DeFi Functionality Expansion Ecosystem
Pi Network has launched new features on its testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem and laying the groundwork for future DeFi applications on the mainnet.
2️⃣ Focus on Practical Development Strategies
In the development of new features, Pi Network emphasizes that token creation will require real application scenarios to distinguish it from speculative meme coins. This strategy reflects the project's focus on building practical value, which is expected to enhance Pi's long-term competitiveness in the cryptocurrency market.
3️⃣ Market sentiment fluctuations affect short-term performance
Recently, the cryptocurrency market has experienced significant volatility, and PI, as an emerging project, is more susceptible to market sentiment. Although PI has seen a considerable increase recently, it has subsequently corrected, falling 4.88% within 24 hours, reflecting the instability of short-term investor confidence.
From a technical perspective, the PI price is experiencing some pressure around the vicinity of $0.23. On the fundamental side, Pi Network continues to promote the construction of its ecosystem but is still in the early stages of development, and its long-term value awaits further validation by the market. Investors should closely monitor the project's actual progress and the implementation of its applications.
This message is not investment advice, and investors should be aware of the risks of market volatility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network launches the PiRC1 token framework, banning projects that have no real-world applications from issuing tokens
Pi Network unveiled the Pi Token Design Framework PiRC1 on April 22 as part of the Protocol V22 upgrade. PiRC1’s core rule is: only projects that already have deployable applications within the Pi ecosystem and that have real user demand are eligible to issue tokens. Token proceeds do not flow to the project team; instead, they flow into a perpetual liquidity pool anchored by Pi Coin to prevent rug-pull behavior.
MarketWhisper04-24 03:27
OpenClaw 2026.4.22 Unifies Plugin Lifecycle Across Codex and Pi Harnesses, Reduces Plugin Load Time by Up to 90%
Gate News message, April 23 — OpenClaw, an open-source AI Agent platform, released version 2026.4.22 on April 22, with its biggest change being the alignment of Codex harness and Pi harness lifecycles. Previously, plugins behaved inconsistently across the two harness pathways, with some hooks
GateNews04-23 14:41
Pi Network releases an opinion solicitation draft for PiRC2, opening contract review for the testnet subscription
Pi Network core team released the second Pi Request for Comments draft (PiRC2) on April 23, announcing that the testnet will open subscription smart contracts for technical review and community feedback, and inviting developers to test the subscription feature integration, review contract design, and identify potential vulnerabilities. As of the time of reporting, the PI token is about $0.17, unchanged from the previous day.
MarketWhisper04-23 05:15
Pi Network founder May 7 discussed human identity verification in the AI era at Consensus 2026
Pi Network founder Nicolas Kokkalis will attend the Consensus 2026 conference in Miami on May 7, joining an expert panel to discuss online human identity verification issues in the age of artificial intelligence (AI). According to the official event schedule, this panel discussion will bring together experts in the fields of identity, privacy, and digital trust.
MarketWhisper04-21 06:20
Pi Network issues a node upgrade warning: if you haven’t upgraded by April 27, you risk being disconnected
Pi Network has issued an official notice to node operators, requiring them to complete the mandatory upgrade of the agreement version 22.1 (v22.1) by April 27, 2026; otherwise, they face the risk of their nodes being cut off from network connectivity. According to a Pi Network announcement, this upgrade must be carried out in strict version order. Currently, the system is running on version 21.2; the next step is to upgrade to v22.1, and no versions may be skipped.
MarketWhisper04-20 06:51
