The recent $100 million decentralized application (dApp) fund for Pi Networkโs mainnet has received mixed reviews from the crypto crowd. In order to clear up the air, a seasoned crypto & options expert chimed in to offer his take on the real growth behind Pi Network, which launched the mainnet in February, 2025.
Navigating The DeFi System Built Around Pi Coin
In a breakdown of Pi Networkโs 100 dApps, crypto analyst & engineer Kim H Wong went through the 4 separate categories of decentralized applications, which are as follows:
- Mainnet dApps: thereโs 25 mainnet dApps on Pi Network, offering users crypto payments for goods & services.
- Testnet dApps: running in a sandbox environment, these programs use dummy Pi on the testnet before mainnet transition.
- Brainstorm dApps: these are 30 early-stage dApps that started on Pi Brainstorm platform and are currently in collaborative development.
- Monthly hackathon dApps: the monthly hackathons hosted by Pi Networkโs team are a learning initiative that often bears fruit in rapid innovation.
Clearly, most of these dApps are in the early stage, with some not even in the testnet phase yet. The 70-million strong Pi Network community, popularly referred to as the Pioneers, is fostering innovation via these events, which are then considered for funding by the $100 million Pi Network Venture Fund, announced a few weeks back.
Is Pi Coin Price Going Below $1 Or Back To $2?
Rolling out the upgrades since the February launch, Pi Network (PI) is also working on a tight Pi unlock schedule. Releasing $7 million worth of Pi coin a day on average, the growing network stumbles upon selling pressure due to constant unlocks. However, the bigger issue among Pioneers seems to be the lack of major exchange listings.
Truthfully, Kraken announced the immediate listing of Pi coin (PI) on their Futures offerings a few days ago, but the lack of Spot market listings is still being felt among the Pioneers. Right now, Pi coin price is bouncing off the major demand zone, retracing the whole rally to $1.57 earlier in May.
Trading at $0.75, Pi coin is likely to stay around this consolidation area until a stronger price trend, as currently the large investors are in slight favor of the bulls. While the Chaikin Money Flow (CMF) is steadily above zero in the past few days, other metrics such as the Parabolic Stop & Reverse (SAR) flashed a negative signal, signaling that the consolidation could go south if large holders donโt begin to accumulate at this Pi price range.
Given that the networkโs trading volume on Spot edged higher-ranking altcoins like Monero (XMR) this Tuesday, Pi coinโs rebound effort to $1 or even the long-unseen $2 target will depend on active & large holder conviction in the DeFi ecosystem, as Pi Core team continues to roll out the system thatโs been in the making for over 6 years.
On The Flipside
- The Pi Core teamโs announcement about the $100M venture fund to launch 100 dApps was not taken enthusiastically by the community, as over 65% of voters on X deemed Pi teamโs speech on Consensus 2025 โdisappointingโ.
Why This Matters
Onboarding over 10 million crypto enthusiasts to the mainnet, Pi Network is a work in progress with over 70 million users registered to mine free crypto worldwide.
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