What Pi Network is
Pi Network (PI) is a proof-of-stake Layer-1 blockchain, currently ranked 60th by market capitalization among the assets we track. As a proof-of-stake Layer-1, Pi Network hosts applications, settles their transactions, and lets PI holders earn yield by helping validate. Capital at stake — not electricity — is what keeps the chain honest.
Pi Network is a digital currency that aims to provide users with an accessible way to mine cryptocurrency on their mobile devices without consuming significant resources. It leverages a unique consensus algorithm to secure the network while enabling users to earn Pi coins through participation.
How consensus and the token economy connect
Because security is bought with bonded PI rather than hardware, the share of supply staked is a useful gauge of conviction — and of how much float is effectively locked.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in PI. In sector terms it is most often filed under Made in USA and Layer 1 (L1).
Where Pi Network sits in the market
At $0.1130, Pi Network carries a market capitalization of $1.23B. Around $13.73M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 1.12% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Only ~11% of the 100B-PI maximum supply is circulating today, so emissions remain a live factor in price discovery. PI remains -100% beneath its all-time high of $200.20, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -5.18%, 7-day -12.46%, 30-day -17.97%, 1-year -77.67%. Within its stored 81-day daily history, PI mounted a low-to-high run of roughly 17% at its strongest stretch.
Volatility profile
Recent action puts Pi Network in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals -17.97%, a useful input for stop placement and position sizing.
How to evaluate Pi Network
A grounded read on PI comes down to three questions:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of PI staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Pi Network over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
