The Pi Network ecosystem is showing concrete signs of maturing into its long-anticipated DeFi era, as the community-run Pi DEX now supports token management, liquidity pool creation, and pool functionality. Screenshots shared by community members reveal that the PI token appears in the platform’s asset list, and an interface for setting up liquidity pools is already accessible—even though public pools remain inactive. Many see this as the clearest signal yet that decentralized trading and yield infrastructure are nearing reality on Pi.
The development arrives at a pivotal moment. Pi’s mandatory Protocol 25 upgrade, which brings Stellar Core v20 compatibility and lays groundwork for Soroban smart contracts, must be completed by mainnet nodes before June 18. Nodes that fail to update risk disconnection, adding urgency to the technical transition. Simultaneously, the Pi Core Team recently launched the SLICE test token via its Launchpad platform, and gaming projects like CiDi Games report over 6 million PI staked. These moves underscore a strategy centered on real utility ahead of broader mainnet features.
On the price side, PI has shown a tentative revival after hitting an all-time low below $0.12 last week. It now trades around $0.134, a 10% rebound, while the broader crypto market saw Bitcoin tap a 10-day high of $64,800 amid geopolitical deal hopes. However, more than 130 million PI tokens are scheduled to unlock over the next month, keeping supply pressure in focus. The combination of imminent upgrade deadlines, DeFi infrastructure emergence, and ongoing token releases will likely define whether the Pi Network truly enters a new chapter or struggles to absorb the supply overhang.
