Home » Pi Network »
Pi drops a dual update while shifting focus to utility, onboarding Pioneers to the open mainnet gracefully & safely.
During the Token2049 conference in Singapore this year, Pi Network’s Core team members unleashed quite a few fascinating updates for the Pioneer community. First of all, Dr. Chengdiao Fan, one of the co-founders, broke the great news of decentralized exchange (DEX) going live on Pi Network’s mainnet, which kicked off in February, 2025 & had been expanding since.
Further on, Pi Core developers are adding the automated market maker (AMM) liquidity pool, a key functionality in order to mint new coins that’s compatible with Pi Network (PI). Right now, both upgrades are available on Pi’s Testnet, so that developers & crypto aficionados can have an experiment with liquidity pools, building tools & token swaps before the mainnet launch.
The launch of Pi DEX, AMM, and liquidity pool features on Testnet gives developers and Pioneers a live environment to try out the mechanics of decentralized finance (DeFi) inside the Pi ecosystem.
Read the full announcement to learn more! https://t.co/JrTc7lbbp6
Earlier, Pi Network (PI) introduced a $100 million development fund to bolster the infrastructure on Pi’s mainnet. Promising to launch 100 decentralized applications (dApps) covering various fields like grocery ordering, Real World Asset (RWA) tokenization, blockchain gaming & more, this is supposed to double the size of the Pioneer community over time.
18M users have signed up for the mainnet so far, while over 60 million crypto enthusiasts are reported to have registered overall. Know Your Customer (KYC) verification is a key phase in getting the pre-mined coins transitioned to the mainnet. Depending on the geographical area, Pi Network (PI) members can choose from Banxa or the latest direct-line Fast-Track KYC.
🔥Hot News! @PiCoreTeam @token2049
Cc: @Chengdiao @nkokkalis
– Utility and Innovation, Beyond Speculation
– AI and Crypto: Safeguarding Human Agency
– Achieving Mass Adoption
We are listening to Dr. Chengdiao talk about Blockchain and AI innovation. The Pi Revolution is just… pic.twitter.com/2lRiBUsmlZ
In the latest keynote speech at this year’s edition of Token2049 in Singapore, Dr. Fan discussed the progress of Pi’s ecosystem, highlighting the focus from liquidity to utility, which is something the Pioneers have longed for.
With the recent Pi Hackathon 2025 coming up with all sorts of ways to boost utility, it seems the idea of Pi’s eventual adoption to the same levels like BTC is perfectly streamlined across Pi Network’s community, despite the Pioneers often complaining about lack of major crypto exchange listings (CEXs).
Explore DailyCoin’s trending crypto currency news:
Coinbase Welcomes XPL While XRP’s Supply Squeeze Bites Hard
Polymarket Prepares U.S. Return After Securing CFTC Approval
Pi Network activates DEX for peer-to-peer token swaps and AMM for automated liquidity pools on its Testnet, plus token creation tools for developers.
Jump into the Pi Wallet app—link to Testnet to experiment with test tokens, swaps, and pools in a risk-free sandbox before it hits the Mainnet.
Testnet keeps things secure and educational: Developers refine DeFi apps without real risks, boosting Pi’s utility while prepping for full launch.
Pi hovers around $0.27 after a brief 3.5% bump from the news, but faces bearish pressure—watch for steady climbs if testnet hype builds momentum.
These DeFi tools amp up real-world use, sparking community buzz that might fuel gradual gains toward $1 over time, though markets stay unpredictable.
This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.
Tadas Klimaševskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.
Crypto features | October
About Us
Learn
Policies
Popular Sections