Pi Network announced a set of updates to its Testnet decentralized exchange (DEX) and automated market maker (AMM) liquidity pool features. These changes aim to improve the user experience and support more structured and transparent decentralized finance (DeFi) activity within the Pi ecosystem.
The DEX interface has been redesigned to enhance usability, helping users navigate the platform more intuitively. Trading pairs are now organized around Pi as the base asset, a move that mirrors best practices in larger DeFi ecosystems and concentrates liquidity in fewer, more active pools. According to the Pi Core Team, this setup allows for clearer price discovery, reduced slippage, and improved trade predictability – especially as the number of tokens on the DEX continues to grow.
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Holiday Commerce Campaign
Alongside the DEX updates, Pi Network has launched a community holiday commerce event. This initiative highlights Pi-accepting merchants, encourages users to shop using Pi both online and in person, and promotes holiday-themed offers throughout the ecosystem. It’s part of Pi’s ongoing efforts to showcase real-world utility and drive more daily engagement from its user base.
The network is also continuing to support app development through hackathons and investments. The latest hackathon winners were recently announced, with the top prize going to Bling_Longue, a privacy-first social and dating app. Other notable finalists include a loyalty rewards app and a mobile runner game – all examples of projects that are pushing to expand the Pi ecosystem beyond mining and speculation.
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Token Price Remains Weak
Despite these ongoing ecosystem developments, Pi’s market performance remains underwhelming. The token is currently trading slightly above $0.21, up about 2.5% over the past week. However, on a longer timeframe, the decline is more significant. Pi is down roughly 14% over the past month, and over 90% below its February peak of $2.99.

The token’s last major rally in late October briefly pushed prices above $0.28, but that momentum faded quickly, and there has been no sustained recovery since. The broader crypto market has also faced headwinds, with market sentiment stuck in “Fear” territory for the past month. Still, Pi’s relative stability in recent weeks may offer some reassurance to holders, even if confidence remains fragile.
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Looking Ahead
As 2025 winds down, Pi Network continues to push forward with product rollouts and ecosystem improvements. The revamped DEX features, new ranking mechanisms, and holiday commerce push demonstrate a consistent effort to expand utility and attract both developers and users.
Whether these initiatives can translate into stronger market performance in 2026 remains to be seen. For now, the focus appears to be on infrastructure and long-term vision – even if the token price remains far below its peak and the path to broader adoption remains uncertain.
