TLDR
- OKX introduces PI/USDC pair, boosting liquidity for Pi Network amidst market struggles.
-
Pi Network sees 83% drop in trading volume from March to July 2025.
-
Pi’s exchange reserves grow, signaling increased selling pressure.
-
Pi Hackathon launched to encourage dApp development, but community response is mixed.
In a bid to enhance liquidity for Pi Network, OKX has introduced a new PI/USDC trading pair, offering traders a stable entry and exit point. The move aims to support the community amid the network’s struggles with declining trading volumes and growing exchange reserves. The announcement marks a critical development for Pi Network, which has been seeking to boost its liquidity options and strengthen its market presence.
The introduction of the PI/USDC pair is expected to provide Pi traders with a reliable and stable way to conduct transactions using USDC, one of the most widely used stablecoins. By pairing Pi with USDC, OKX aims to offer a more dependable market environment, helping investors navigate through the recent fluctuations in Pi’s price and trading activity.
Pi Network Faces Plummeting Trading Volume and Growing Exchange Reserves
Despite the launch of the new trading pair, Pi Network has continued to face challenges with its market performance. According to CoinMarketCap, Pi’s trading volume has dropped sharply, plummeting 83% from $18 billion in March 2025 to just $2.4 billion in July 2025.
This steep decline in market activity has raised concerns about the future stability of Pi’s price and its market relevance.
Moreover, data from PiScan shows a worrying trend in exchange reserves, which have risen exponentially since March. The total reserves of Pi on exchanges have reached over 400 million tokens, pointing to an increase in selling pressure from traders. This suggests that Pi may be experiencing a lack of fresh buying interest, with many investors opting to offload their holdings rather than accumulate more tokens.
OKX Role in Pi Network’s Market Strategy
OKX has been a significant player in Pi Network’s journey, supporting the project since it first listed Pi shortly after the Open Network went live. The exchange plays a crucial role in Pi’s daily trading volume, and this new move further solidifies its involvement in the ecosystem.
By adding the PI/USDC pair, OKX is not only helping Pi increase its liquidity but also positioning the network for potential growth when the market stabilizes.
“This move gives Pi Network a stable pairing with USDC, offering a more reliable way for traders to enter and exit the market,” said a spokesperson from OKX. The exchange’s decision to offer a stable trading option comes amid growing concerns about Pi’s volatility and liquidity challenges.
Pi Network Launches Pi Hackathon to Foster Real-World Use Cases
In an effort to increase Pi Network’s utility, the Pi Core Team has launched the Pi Hackathon, a competition aimed at encouraging developers to build decentralized applications (dApps) that integrate Pi Coin into real-world use cases.
The event offers up to 160,000 Pi (around $60,800) in prizes to participants who contribute innovative solutions that increase Pi’s adoption and functionality.
However, the Pi Hackathon has received mixed reactions from the community. Some Pioneers have expressed skepticism, pointing to previous initiatives that did not lead to significant adoption. The lack of substantial progress in the network’s development has left some community members questioning whether the hackathon will yield any meaningful results.
