Pi Network’s ecosystem is experiencing a boost in energy with a notable increase in activity surrounding the platform. A key player in this development is Pi News, which has provided data showing that live applications have exceeded 210, while over 21,000 projects are gearing up for the mainnet. This push has gained momentum since August, especially as the October 15 submission deadline nears, highlighted by a mid-term evaluation in September featuring the most utilized new applications.
What Role Did Hackathons Play in Ecosystem Expansion?
The network, which launched earlier in the year after more than five years of preparation, initially captivated the engaged community. Initially slowing post-launch, the hackathon breathed new life into the platform by encouraging developers to focus on ready-to-use products for the mainnet. Pi News suggested these applications provide a blueprint to enrich user experiences across the network’s vast landscape.
With a reward pool of 160,000 PI coins set for the event, the competition offers 75,000 PI for first place, 45,000 PI for second, and 15,000 PI for third. Additionally, up to five teams can earn an “Honorable Mention” receiving 5,000 PI each. The journey began at the end of August and concludes on October 15, 2025, with a mid-point review in September that shared potential directions for diverse applications.
Why is the Price of PI Coins Under Pressure?
Despite the rise in network activity, PI coin prices are struggling. Following a broader market sell-off, the altcoin dipped to $0.1721, hovering above $0.20 at reporting time. From a February peak of $2.99, the value has plummeted by over 94%. Market conditions remain precarious due to volume and liquidity shifts.
Although AI-based forecasts offer a bleak short-term view, anticipated easing of key unlocks might temper short-term selling pressures. Meanwhile, the increase in developers and ongoing hackathon efforts underscore a thriving usage landscape on the mainnet, crucial for network vitality amid fluctuating prices.
Concrete indicators derived from these developments include:
- More than 210 live applications boost platform diversity.
- Over 21,000 projects signal readiness for the mainnet transition.
- A 160,000 PI coin reward structure motivates innovative solutions.
Pi Network strives to manage complex dynamics with developments fostering optimism and anticipation within the community. Despite price volatility, emphasis on application growth reflects the network’s broader ambitions.
