The Pi Network has announced two significant updates aimed at enhancing its ecosystem and user experience, coinciding with a major boost from Kraken Exchange, which has listed Pi coin perpetual futures with up to 20x leverage.
In a blog post, the Pi Core Team (PCT) revealed the integration of five new decentralized applications (dApps) into its mainnet. These additions include a snake game, e-commerce platforms, and on-chain data services for the Pi token. According to the team, the selected dApps passed rigorous criteria related to functionality, ecosystem value, and compliance with stricter Pi Network guidelines. The move reinforces the network’s goal of promoting real-world utility and decentralized innovation.
In addition, the Pi Network introduced an enhanced account recovery system. This new feature allows users to reset their passwords through a trusted email address, offering a more accessible and secure method alongside existing recovery options. The update is designed to improve user experience without compromising security, ensuring seamless reentry into the network for members who lose account access.
Also Read: Will Pi Network’s $100M Venture Fund Fuel Mainstream Adoption? Here’s What to Expect
These ecosystem advancements follow the recent launch of a $100 million venture capital fund aimed at supporting Pi-based applications, further underlining the project’s commitment to real-world adoption.
Meanwhile, Kraken Exchange has listed Pi perpetual futures, enabling users to trade the token with leverage up to 20x. The new listing allows traders to long or short Pi coin using over 40 types of collateral across 360 markets, signaling increased institutional interest and market maturity.
Despite growing listings, Pi coin has yet to be added to major platforms like Binance and Coinbase. Bybit CEO Ben Zhou previously stated the exchange had no intention of listing Pi, controversially labeling the project a “scam.”
As of this writing, Pi coin trades at $0.76, down slightly over the past 24 hours. Trading volume has dropped over 28% to around $180 million, indicating cautious sentiment among traders amid heightened volatility.
With new dApps, improved security features, and growing exchange support, the Pi Network is steadily advancing toward its goal of mainstream Web3 adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
