Pi Network

Pi Network is a Layer 1 blockchain project that aims to make cryptocurrency accessible to ordinary people by allowing them to earn PI tokens through a mobile app rather than through energy-intensive mining hardware. The project targets everyday smartphone users who have historically been excluded from early-stage cryptocurrency participation due to technical or financial barriers. Its stated goal is to build a widely distributed currency usable for real-world transactions, not purely for speculative purposes.

Pi Network uses the Stellar Consensus Protocol combined with a Federated Byzantine Agreement model, meaning nodes reach agreement by trusting defined groups of peers rather than competing through computational work. Security is reinforced through user-formed 'security circles,' where members vouch for one another, creating a social trust graph that underpins network integrity. The PI token lives on this network and is earned by users who engage regularly in one of four roles: pioneers, contributors, ambassadors, or nodes.

The data provided does not include a fee stream, revenue figures, or any record of protocol-collected fees for Pi Network, which means fee-based measures such as fee yield or revenue multiples are not available on this page. What the data does show is that circulating supply stands at approximately 11.1 billion PI against a maximum supply of 100 billion, meaning only about 11.1 percent of the total possible supply is currently circulating. The fully diluted valuation is roughly 1.54 times the current market capitalisation, reflecting that a large share — approximately 53.8 percent of max supply — remains to be issued and represents potential future dilution. Twenty-four-hour turnover as a share of market capitalisation was 0.44 percent over the most recent 24-hour period recorded.