We bring you the latest developments regarding Pi Network, which is attracting attention in the cryptocurrency market. As it ranks first in trends on CoinGecko and is climbing the market capitalization rankings, many users are focusing on the situation surrounding its listing on Binance. This article provides a detailed explanation of Pi Network’s position in the market, its unique node system, and its relationship with Binance.
Pi Network Ranks First in Trends on CoinGecko
According to the latest information, Pi Network is at the top of CoinGecko’s trending cryptocurrencies. Its market capitalization is reported to be approximately 1.29 billion USD, which can be considered a significant milestone in the cryptocurrency market.
In the current rankings, Pi Network is positioned 12th in CoinGecko’s market capitalization ranking. On the other hand, it is ranked 11th on CoinMarketCap, located below Tronchain (TRX) and above Lido (LDO).
Looking at the detailed figures, Pi Network’s market capitalization is 12,860,232,232 USD (approximately 1.8 trillion JPY). For comparison, considering that Lido, which is ranked higher, has a market capitalization of approximately 20 billion USD, Pi Network needs about 8 billion USD in growth to reach this level.
Pi Network’s Node System: The Secret to Network Strength
Supporting Pi Network’s technical foundation is its unique node system. The Pi Network node graph visually represents the connection status between the nodes that constitute the network. There are mainly three types of nodes in this network:
- Orange Validator Nodes: Play a crucial role in validating transactions and maintaining network integrity.
- Blue Watcher Nodes: Serve a supplementary role by connecting to validators to support the network.
- Gray Inactive Nodes: Nodes that are currently not active or are operating in private mode.
In the current system, there are only 16 active nodes, but they form a closely connected network, with validators functioning as sub-hubs connected to multiple other watcher nodes. This strong interconnection ensures system stability and security.
In the future, the Pi Network core team plans to introduce over 200,000 nodes to the mainnet, and if this is realized, the network is expected to become even stronger and evolve into a more decentralized system.
Pi Network: How Super Nodes and Validator Nodes Work
Binance Users’ Frustration: Slow Progress After Listing Survey
Many Pi Network Pioneers (early users) seem to be dissatisfied with Binance’s response. To summarize the situation, the process has been as follows:
- Binance conducted a survey regarding the listing of Pi Network.
- Participants were required to create a Binance account and deposit 5 USD.
- As a result of the survey, approximately 86% of users voted in favor of listing Pi Network.
- However, even after the survey, no concrete actions or clear information regarding the Pi Network listing have been announced by Binance.
As the administrator, I believe there might be some movement around Pi Day on March 14th.
Binance and Pi Network: Current Status of the Listing Process
According to some sources, while Binance is preparing to list Pi Network, it is said that they need to complete the business QC (Quality Control) process as the final step.
A noteworthy point being emphasized is that there is no special treatment for Pi Network, and the principle of “no VIP treatment, no shortcuts, no red carpet” is being adhered to. Pi Network operates under fair rules and applies the same conditions to all exchanges.
It appears that Binance, the world’s largest cryptocurrency exchange, is also proceeding with the listing review according to this standard process. While this approach leads to healthy market formation in the long term, it is a frustrating situation for many users.
Pi Network’s Legal Advantage Seen from Binance’s Stablecoin Handling Restrictions
Pi Network’s Market Position and Future Outlook
For Pi Network to move further up from its current market capitalization ranking, continuous growth is necessary. As mentioned earlier, to stand alongside competitors like Lido, an increase in market capitalization of approximately 8 billion USD is required.
Expanding and strengthening the node network is an important strategy to enhance Pi Network’s decentralization and security. If the core team can introduce over 200,000 nodes to the mainnet as planned, the network’s resilience will significantly improve.
Listing on Binance could be a crucial step to increase Pi Network’s liquidity and recognition, but the exact listing time is currently unknown. More concrete information is expected to be released after the completion of the business QC process.
Summary: Pi Network’s Current Status and Future Potential
While Pi Network has achieved the result of ranking first in trends on CoinGecko, it faces challenges regarding its listing on Binance. Its market capitalization has reached approximately 1.29 billion USD, ranking high in major market capitalization rankings, but further growth is needed to enter the top 10.
Promoting decentralization through the expansion of the node system and listing on major exchanges like Binance will play an important role in Pi Network’s future development. Many users are hoping for an early listing, but it seems Pi Network will proceed according to standard processes without receiving special treatment.
Investors and users who are following Pi Network’s developments should wait for future official announcements and respond sensitively to market changes. The cryptocurrency market is constantly fluctuating, but Pi Network’s efforts need to be evaluated from a long-term perspective.
Disclaimer: This article is for informational purposes only and does not provide investment advice. Cryptocurrency investments involve risks, so please make decisions based on sufficient research and at your own risk.