Pi Network Integrates AMM for Fully Decentralized PiCoin Trading on DEX

The Pi Network has officially integrated an Automated Market Maker (AMM) into its decentralized exchange (DEX), enabling users to trade PiCoin on-chain without intermediaries. This update, reported on November 13, 2025, represents a significant milestone in Pi Network's decentralized finance (DeFi) journey and its shift toward a community-oriented trading system.

The AMM replaces traditional order book-based liquidity with smart contract-driven liquidity pools, where prices are automatically set by supply and demand. Users can now exchange PiCoin in real-time, provide liquidity to earn transaction fees, and engage more deeply in the Pi ecosystem. A key feature is the Global Consensus Value (GCV) system, designed to stabilize values within the network.

Founded by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Network is a mobile-first mining project with tens of millions of registered users worldwide. This integration opens opportunities for liquidity providers and developers to build decentralized applications (dApps) on PiCoin's infrastructure.

Despite this progress, challenges persist, including ensuring adequate liquidity in PiCoin pools, potential short-term price volatility gaps between on-chain and market rates, user education hurdles, and regulatory uncertainties in regions like India and the United States. The AMM mainnet integration and full DEX deployment are still ongoing, highlighting that this is a developmental step rather than a complete transition.