Pi Network has experienced significant market momentum in 2025 with net inflows reaching $2.4 million, strengthening its position despite recent price volatility. This capital influx has enabled critical infrastructure improvements and feature development, particularly supporting the V23 Mainnet Protocol Upgrade and smart contract implementation.
The network's financial performance shows interesting patterns when compared to its user growth:
| Metric | Current Status | Impact of Inflows |
|---|---|---|
| Daily Transactions | 150,000 | Expected 25-30% increase |
| User Base | 47 million | Enhanced retention rates |
| Market Cap | $1.79 billion | Stabilization after 91% drop |
These inflows arrive during a challenging period for Pi Network, which has experienced price declines from its all-time high of $3.00 in February 2025 to approximately $0.22 in November. The additional liquidity has proven crucial for development continuity, especially with the upcoming DEX launch and smart contracts integration.
Analytics from investment firms suggest these inflows may signal institutional interest despite retail sell pressure, with approximately 630 million Pi tokens scheduled to unlock between June and August potentially creating supply challenges. The network's transition toward ISO 20022 compliance, coupled with robust transaction volumes averaging $158 million daily, positions Pi Network for potential recovery toward higher price levels in the coming months.
Pi Network has experienced a remarkable transformation in its liquidity profile since transitioning from its closed network phase in early 2025. Market data indicates a 20-fold expansion in trading volume and market depth, representing one of the most significant liquidity growth rates in the cryptocurrency sector this year.
The dramatic shift in Pi's liquidity landscape can be attributed to several key factors:
| Factor | Impact on Liquidity |
|---|---|
| Technical Progress | Implementation of smart contract functionality and improved blockchain throughput |
| Community Growth | Expansion from 8.2 billion to over 12.7 billion tokens in circulation |
| Market Structure | Transition from limited trading venues to presence on 11 exchanges |
| Price Discovery | Volatility creating trading opportunities (ATH of $3.00 vs recent stabilization around $0.22) |
This liquidity transformation has coincided with broader market trends, particularly the significant structural changes in trading behavior observed across cryptocurrency markets in 2025. The improvement mirrors patterns identified in institutional liquidity flows, with off-exchange volumes consistently reaching 50% of total consolidated volume since early November.
The Pi Network's liquidity growth demonstrates the critical relationship between technical development and market dynamics. Following gate's addition of Pi trading pairs, trading volumes surged to over $17 million daily, creating a deeper market that better reflects the project's growing ecosystem value. This progression aligns with expert projections regarding liquidity shifts and institutional positioning continuing to shape cryptocurrency market conditions throughout 2025.
Recent data analysis reveals a significant discrepancy between Pi Network's claimed user base and actual engagement levels. While Pi Network reports having over 60 million users, on-chain metrics paint a different picture with only about 42,000 daily active wallets, representing a mere 0.7% of their claimed user base.
This stark contrast is further highlighted when comparing claimed users versus verified accounts:
| Metric | Claimed | Verified/Active | Percentage |
|---|---|---|---|
| Total Users | 60+ million | 18 million KYC-verified | 30% |
| Mainnet Wallets | 60+ million | 9.11 million | 15% |
| Daily Active Wallets | 60+ million | 42,000 | 0.7% |
Blockchain experts point to this disparity as a potential red flag regarding Pi Network's legitimacy. The substantial gap between the claimed 60 million users and the significantly lower number of active wallets raises questions about the actual adoption and utility of the platform.
The network's founders have acknowledged these issues, stating they aim to reduce the gap between KYC-verified users and Mainnet-migrated users, with a target of reaching 10 million migrations before full launch. This acknowledgment comes amid growing concerns about Pi Network's KYC process, which allows users to act as validators but may not translate to genuine platform engagement.
These metrics suggest that while Pi Network has achieved notable awareness, actual active participation remains drastically lower than publicly reported figures, challenging the platform's claims of widespread adoption.
As of 2025, Pi Coin has gained value and is trading on major platforms. Its worth has increased due to growing adoption and utility within the Pi ecosystem.
Based on the Pi Lifestyle community's fixed value, $100 would be equivalent to 1 Pi coin. This is not an official market price, but a value used within the community for transactions.
As of November 5, 2025, 1000 PI is worth approximately $85.26 USD. The value may fluctuate based on market conditions.
As of November 2025, 1 Pi coin is valued at $0.2156. The price has shown steady growth over the past year.
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