Pi Network Spurs Innovation with Hackathons and a Surge in Development

Cointurk2025/10/12 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.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

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.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.

华尔街见闻•2026/11/11 21:18

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?

The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.

华尔街见闻•2026/11/11 21:18