Exciting developments for Pi Network users announced before the hackathon concludes.

Pi Network's Expanding Ecosystem

Pi Network has experienced significant growth in its ecosystem despite facing criticism regarding its native token's performance. The project, in development for over five years, initially gained traction due to its large user base. Currently, over 210 live applications are available, with more than 23,000 in Pi Studio preparing for Mainnet launch.

Hackathon Driving Innovation

The recent Pi Network Hackathon, concluding October 15, is a major catalyst for this surge in applications. The event incentivizes app development with a prize pool of 160,000 PI tokens, distributed among top teams. A halfway point review highlighted several newly released and utilized applications.

Token Performance Concerns

Despite the positive developments in the ecosystem, the native PI token continues to struggle, experiencing a substantial decline in value. Its price has plummeted from a high of $2.99 to around $0.20, representing a loss of over 94%. An easing unlock schedule is expected to alleviate some immediate selling pressure.