PI Price, Ecosystem, Market Cap, and More
The world of cryptocurrency continues to grow with each passing day. There are the established titans of the industry, but as new coins pop up, investors are looking to find the next unicorn that they can ride to major financial gains.
For that reason, investors and speculators alike continue to watch Pi price prediction charts with great interest. The Pi Network launched in March 2019, which is Pi Day (3.14). The date was chosen to symbolize the math constant and to acknowledge where the name came from. As it continues to grow, investors are wondering when it could achieve a real launch point.
What is PI?
The Pi Network is a decentralized blockchain platform. Through the network, users are able to mine Pi tokens using their smartphones. The consensus mechanism is a unique Stellar Consensus Protocol (SCP). This is a form of Federated Byzantine Agreement and something of a controversial method.
The system builds trust through what are known as ‘security circles.’ Think of them as interconnected circles that form a trust graph. This trust graph contributes to the overall security of the network by identifying the most trustworthy actors in order to prevent fraudulent transactions. This reduces the reliance on more computationally intensive processes like Proof-of-Work.
Pi is hoping to make the mining of cryptocurrency more accessible by removing the need for extremely expensive mining equipment or processes that are energy-intensive in nature.
Who are the Founders of PI?
The Pi Network was founded by a pair of Stanford PhDs. Dr. Chengdiao Fan and Dr. Nicolas Kokkalis are the official co-founders, though Vince McPhillip is also listed as being a co-founder who left the project early on.
Chengdiao Fan is considered to be the head of product for the Pi Network, but Kokkalis has been called the “soul” of the project. He is currently listed as the head of technology for Pi and is also a Postdoctoral Scholar and Instructor for Stanford’s Computer Studies Faculty. McPhillip was involved in the creation and launch of Pi in 2019, but has since left the project, making the announcement in February 2021.
What Makes PI Unique?
At the heart of every crypto asset is something that makes it unique to investors. Pi definitely checks that box thanks to the following features of its network:
Mobile-Friendly Mining
In order to mine most other crypto tokens, you would need to invest in resource-intensive processes or have a very expensive mining rig. This isn’t necessarily accessible to everyone and it requires a comprehensive computer system to pull off.
What helps make the Pi Network unique is that it is focused on mobile-friendly mining. Users can access the mobile app, which only requires internet usage and very minimal battery consumption. Users can then mine Pi and earn rewards from anywhere without the financial investment required of other mining tools.
Community-Driven and Inclusive
Because the biggest barriers – technical knowledge and expensive hardware – have been removed, the Pi Network is trying to make access to cryptocurrency more democratized. This allows anyone who has a smartphone to participate in the mining process, which is not commonly available in the overall cryptocurrency market.
Just as important, the Pi Network has put an emphasis on collaboration and community engagement. Users can earn rewards on the network by inviting others to join. This not only builds a more trusted network but allows users to participate in discussions as well as the overall decision-making process.
Social Trust Graph
Trust is critical within the Pi Network. In order to do that, a social trust graph has been created. This is where users build relationships, verify each other safely, and enhance security by improving the overall trust within the system.
This is the Stellar Consensus protocol, which doesn’t require intensive energy usage like Proof-of-Work protocols. The trust graph validates transactions, making the network secure and showing the reliability of users already existing on the network.
Utility Focused and Low Entry Barriers
Like most other cryptocurrencies, Pi does have aims to make a real-world utility for the Pi coin. For now, it is largely speculative trading, but the goal is to build a system of applications that are community-driven, encouraging users to use and transact these tokens every day.
Ultimately, Pi’s Network is hoping to bring in more users by making it more accessible than traditional cryptocurrency offerings. The mining process is simple and can be accessed through a mobile app. Because there is no need for a deep technical knowledge, nor an expensive mining rig, more users can get involved in the mining process than ever before.
How Many PI Coins are There in Circulation?
When the Pi Network was created, the total supply was capped at 100 billion PI coins. With 65% allocated as mining rewards for users, that left 20% for the core team, 5% for liquidity, and the remaining 10% for ecosystem development. Because of that, it could take quite a while for the full 100 billion PI to be distributed.
As recently as May 9, 2025, the circulating supply of Pi tokens is roughly 7.1 billion. That number will continue to grow as rewards are issued through the Pi ecosystem, and could see a sharp incline should Pi ever become available on major cryptocurrency exchanges like Binance.
How is the PI Network Secured?
One of the biggest concerns surrounding PI is its security model. Currently, the Pi Network incentivizes referrals above all else. Each referral rewards users with Pi tokens. Additionally, users who are able to add new users to their circles can gain token rewards as well.
User relationships can help to strengthen the trust graph. That said, the core security and transaction validation is handled by nodes running the SCP within the mainnet. Some feel that the strong emphasis on recruitment rather than a utility token is concerning.
The Pi Network does not require any direct contributions financially. Rather, it relies on the time and attention of its users. While economy has clear value, there is value to be had by increased app usage as it can provide data collection opportunities plus generate ad revenue.
The referral system helps to expand the network, and Pi will need to manage security challenges that come with robust scalability. Overall, this is a vast difference between Pi’s security methods and the validation measures taken by more traditional tokens.
PI Ecosystem
The PI ecosystem is built on nodes that form the backbone of the network’s overall infrastructure. These computers run Pi Node software, which works to maintain the overall security of the network while also validating transactions.
Node operators are required to not only keep their nodes online, but to remain accessible in order to earn rewards. There are three key metrics to the network: port accessibility, CPU contribution, and uptime percentage. Nodes that have open ports are able to directly communicate with other nodes, which makes them essential to network operations. Super Nodes must have open ports as well as high uptime in order to retain that status.
What is interesting about the node reward system is that it considers both short- and long-term contributions. Recent contributions are the most important for garnering rewards, but reliability over the long-term also play a role in the calculation of rewards.
FAQs
What is the market cap of PI?
The current market cap of a coin is determined by its current market value multiplied by the total number of coins in circulation. With a circulating supply of more than 7 billion, the market cap is roughly $5.2 billion USD. Market cap can change on any given day if there are fluctuations in market price.
What is the all-time high and all-time low of PI?
Cryptocurrencies experience extreme highs and lows. Just look at the history of Bitcoin for evidence. The shift between high and low prices has been slightly lower for PI. The all-time high price for PI Coin is $2.98 – achieved on February 28, 2025 – and the low prices was $0.407.
What is PI used for?
The use cases of PI are somewhat limited at this stage. Pi coins can be used for internal transactions within the Pi ecosystem. Things like service or goods offered by network members or the Pi Browser itself. Users are also able to earn PI Coins by logging in daily, verifying security circles, and contributing to the trust network that will be used for transaction verification. Any potential uses depend on whether PI can become included in major crypto exchanges in the near future.
What is the maximum token supply of PI network DeFi?
Each token has a maximum supply available. Sometimes, this is issued immediately, other times it requires mining to unlock. The Pi Network has 100 billion PI coins available, with 65% of it going to Migrated Mining Rewards on the Pi Network mainnet. The core team received 20 billion PI, 5 billion went to liquidity, and 10 billion PI went to foundation reserves.
What is PI IOU Coin?
One of the most interesting aspects of PI is the Pi IOU. It is a speculative asset, not officially part of the Pi Network cryptocurrency. It is a promise by exchanges to swap them for real Pi tokens when the mainnet for the Pi Network officially goes live. It is a way for users to speculate on the value of the Pi Network before it is officially launched.
What factors influence the price of PI Coin?
Like any other type of coin, PI is influenced by a number of factors. Acceptance by financial platforms can vault the value of a coin into the stratosphere, and PI has challenges in that regard. With issues concerning transparency and regulatory factors, investors are taking a “wait and see” approach when it comes to PI coin in the immediate future.
Is PI Coin a good investment?
Aside from the largest coins in the crypto market, virtually everything is volatile. Price hikes and severe falls come all the time. Having said that, PI coin has the potential to be bigger if it can get potential regulatory challenges under control. That risk will ultimately keep prices down and could prevent major growth in the future.
Why isn’t PI Coin listed on major exchanges yet?
The biggest challenge facing PI is that it is on a small number of exchanges, particularly smaller ones. By not being on major exchanges, there are natural limitations to its overall price discovery and liquidity. The largest exchanges like Coinbase and Binance have concerns over regulatory compliance and transparency on the part of PI.
Will PI Coin increase in value in the future?
Though it has yet to hit major exchanges, speculators feel that it could become a hot commodity by 2028. It is estimated that it will fall into the stable range, somewhere between $5.20 to $5.50 per coin by the end of 2030.
How can I safely store my PI Coins?
PI coins can be stored in two different types of wallet. Though they are not available to buy or trade on major exchanges, PI coins can be stored in wallets on lesser crypto exchanges. This practice is known as hot storage. They can also be stored on devices that aren’t consistently connected to the internet, known as cold storage drives.
What is the fully diluted valuation of Pi Network (PI)?
The fully diluted valuation of a coin is determined by taking the current market price and multiplying it by the maximum supply of coins. With a current market price of $0.74 per PI coin and a max supply of 100 billion coins, the fully diluted valuation is $73.59 billion USD.