Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pi Network Spurs Innovation with Hackathons and a Surge in Development

Pi Network Spurs Innovation with Hackathons and a Surge in Development

CointurkCointurk2025/10/12 23:45
By:İlayda Peker

In Brief The Pi Network sees renewed momentum with over 210 live applications. The hackathon spurred developers to create usable products on the mainnet. Despite improving usage metrics, the PI coin price remains under pressure.



Summarize the content using AI

Pi Network Spurs Innovation with Hackathons and a Surge in Development image 1
ChatGPT


Pi Network Spurs Innovation with Hackathons and a Surge in Development image 2
Grok

While discussions around Pi Network persist, ecosystem data indicates renewed momentum. According to Pi News, a significant channel on platform X focused on the project, the number of live applications has surpassed 210, and projects preparing for the mainnet have exceeded 21,000. The developer tempo, which quickened with the hackathon at the end of August, became more visible as the October 15 submission deadline approaches. In a mid-term evaluation released by the team in September, the most used new applications were highlighted.

How Hackathons Fostered Ecosystem Growth

Before its official launch earlier this year, the network underwent over five years of preparation. The accumulated community interest initially garnered intense attention post-launch. While progress seemed to slow in the following months, the hackathon directed developers towards creating usable products on the mainnet, initiating a new cycle. Pi News indicated that the application stock provides a foundation to diversify user experiences across the network.

Pi Network Spurs Innovation with Hackathons and a Surge in Development image 3

The organization set the reward pool at 160,000 PI coins, with 75,000 PI for the first place, 45,000 PI for the second, and 15,000 PI for the third. Additionally, up to five teams would receive an “Honorable Mention” with 5,000 PI each. The timeline is defined, starting at the end of August and ending on October 15, 2025. The mid-point evaluation shared in mid-September unveiled the directions participants were steering towards various use cases.

Pressure on the Price Front

While usage metrics recover, the price of PI coins continues to show weakness. During a broad sell-off on Friday night, the altcoin fell to $0.1721 and was trading just above the $0.20 threshold at the time of writing. Since peaking at $2.99 at the end of February, its value has decreased by over 94%. Market sentiment remains fragile due to fluctuations in volume and liquidity conditions.

Although AI-based projections do not present an optimistic picture in the short term, the easing of key unlockings in the coming weeks could reduce selling pressure in the short period. The number of developers, the pool of live applications, and the hackathon’s incentive structure tell a different story on the core usage side. Products emerging in the final stretch will be a critical indicator for network health, independent of price behavior, as they impact mainnet traffic.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

$300 million in funding + CFTC endorsement, Kalshi challenges the prediction market giant

Led by Sequoia Capital and a16z, Kalshi's valuation has soared to $5 billions.

BlockBeats2025/10/13 08:31
$300 million in funding + CFTC endorsement, Kalshi challenges the prediction market giant

Black Swan Repeats: Five-Year Cycle of Oracle Vulnerabilities

A $60 million market sell-off resulted in a $1.93 billion market cap evaporation.

ForesightNews 速递2025/10/13 08:14
Black Swan Repeats: Five-Year Cycle of Oracle Vulnerabilities

After $20 billions in liquidations, crypto investors must master these risk management strategies

Leverage is not a profit multiplier, but simply a tool to improve capital efficiency.

ForesightNews 速递2025/10/13 08:14
After $20 billions in liquidations, crypto investors must master these risk management strategies

$300 million financing, CFTC approval, Kalshi is vying for prediction market dominance

The valuation of the US compliant prediction market platform Kalshi has surged to 5 billion dollars.

ForesightNews 速递2025/10/13 08:13
$300 million financing, CFTC approval, Kalshi is vying for prediction market dominance