Pi Network has deployed new decentralized exchange (DEX) and automated market maker (AMM) liquidity pool features to its testnet blockchain, as announced by co-founder Dr. Chengdiao Fan during the TOKEN2049 crypto conference in Singapore. These tools enable developers and Pioneers to experiment with token swaps, liquidity pools, and other DeFi functionalities in a sandbox environment before mainnet deployment.
Fan revealed that the features are currently restricted to testnet, with plans to transition to mainnet after thorough testing. He stated, "Mainnet restricts this functionality for now, but the interface in the Pi Wallet will display these options and link users to the Testnet environment." This rollout allows the community to build custom DEX and AMM interfaces, fostering DeFi education and reducing risks associated with real token interactions.
Additionally, developers can now mint test tokens directly on the testnet, though mainnet token creation remains limited pending formal guidelines. The Pi Core Team emphasized a focus on utility-driven tokens over speculative ones, aligning with ecosystem goals for real-world applications and sustainability.
In related updates, the .pi Domains Auction concluded on September 30, following a rolling extension mechanism for fairness. A data review phase of approximately two months will precede domain claims by eligible users.
Amid these developments, Pi Coin (PI) faced market volatility, dropping to an all-time low of $0.2234 in late September before recovering to around $0.27. The project integrates these features with Pi App Studio, Pi Wallet, and Pi KYC to enhance Web3 vision and user onboarding.
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