How Can On-Chain Data Analysis Reveal Crypto Market Trends in 2025?
Active Addresses Surpass 100 Million, Indicating Widespread Adoption
Pi Network's ecosystem has reached a significant milestone with active addresses exceeding 100 million, representing a watershed moment for the project's mainstream adoption. This metric demonstrates the platform's expanding reach beyond early adopters into a broader demographic of users worldwide.
The surge in active addresses reflects genuine engagement across Pi Network's infrastructure. As of November 2025, the network maintains a circulating supply of approximately 8.31 billion PI tokens against a maximum supply cap of 100 billion, with a market capitalization near $2.05 billion. The 24-hour trading volume of roughly $18.06 million indicates sustained market activity supporting this user expansion.
| Metric | Value |
|---|---|
| Active Addresses | 100 Million+ |
| Market Cap | $2.05 Billion |
| Circulating Supply | 8.31 Billion PI |
| 24h Trading Volume | $18.06 Million |
| Price (Current) | $0.247 |
This widespread adoption underscores Pi Network's positioning as the first digital currency optimized for mobile mining, distinguishing it from traditional blockchain platforms. The platform's accessibility through smartphones has eliminated technical barriers that previously restricted cryptocurrency participation to users with specialized hardware, thereby democratizing blockchain engagement across diverse socioeconomic segments and geographic regions.
Transaction Volume Reaches $10 Trillion, Reflecting Market Liquidity
The cryptocurrency market has demonstrated unprecedented liquidity metrics, with transaction volumes reaching $10 trillion, signaling robust market maturity and investor confidence. This substantial trading activity reflects the growing institutional adoption and retail participation across digital asset ecosystems.
| Market Indicator | Current Performance |
|---|---|
| Transaction Volume | $10 Trillion |
| PI Network 24h Volume | $18.06 Million |
| PI Network Market Cap | $2.05 Billion |
| Market Dominance | 0.095% |
The elevated transaction volume underscores several critical dynamics within the cryptographic asset space. Pi Network, currently ranked 55th by market capitalization at $2.05 billion, exemplifies this trend with daily trading volumes of approximately $18.06 million. The network's Mainnet algorithm infrastructure has successfully processed transactions efficiently, contributing to overall ecosystem liquidity.
Price volatility patterns across recent trading data illustrate how this liquidity supports market discovery mechanisms. Pi Network experienced a 24-hour price increase of 11.22%, demonstrating market participants' active engagement in price formation processes. The diversity of trading activity, with volumes spanning from lower volatility periods to high-volume trading sessions exceeding 100 million units daily, indicates comprehensive market participation across different investor segments.
This transaction volume milestone validates that cryptocurrency markets have evolved beyond speculative trading into mature financial infrastructure capable of handling significant capital flows and complex trading strategies.
Whale Concentration Decreases as Top 100 Holders Own 30% of Supply
Pi Network's distribution structure reveals a meaningful shift in token concentration dynamics. The top 100 holders currently control approximately 30% of the total supply, representing a notable decrease in whale concentration compared to earlier stages of network development. This metric demonstrates improved decentralization as the project matures.
With a circulating supply of 8.31 billion PI tokens and a fully diluted valuation reaching $3.16 billion, the decreased whale dominance indicates stronger community participation. The distribution pattern reflects how mining rewards through the mobile-first approach have enabled broader token accessibility across the network's participants.
| Metric | Value |
|---|---|
| Top 100 Holders Share | 30% |
| Circulating Supply | 8.31B PI |
| Fully Diluted Valuation | $3.16B |
| Market Cap | $2.05B |
This transition toward more distributed ownership carries important implications for network resilience. When whale concentration diminishes, the ecosystem becomes less vulnerable to sudden large sell-offs that could create significant price volatility. The current holder distribution suggests Pi Network has successfully maintained interest among retail participants while preventing excessive centralization, a critical factor for long-term sustainability and ecosystem health in decentralized networks.
On-Chain Fees Hit All-Time Low, Suggesting Improved Scalability
Pi Network's recent achievement of all-time low on-chain fees represents a significant milestone in blockchain scalability. According to current network data, transaction costs have declined substantially as the mainnet continues to optimize its infrastructure. This improvement directly reflects the platform's commitment to making digital currency accessible to mobile users worldwide.
The reduction in fees correlates with enhanced network efficiency and increased transaction throughput capacity. Pi Network's innovative approach to consensus mechanisms has enabled the protocol to process more transactions simultaneously while maintaining security standards. With a circulating supply of approximately 8.31 billion PI tokens and a total market cap exceeding $3.16 billion, the network now supports thousands of daily transactions at minimal cost.
| Metric | Current Status |
|---|---|
| Transaction Fees | All-time low |
| Network Throughput | Significantly improved |
| Market Cap | $3.16B+ |
| Circulating Supply | 8.31B PI |
This scalability advancement removes traditional barriers that prevented mainstream cryptocurrency adoption. Lower transaction fees mean users can conduct meaningful economic activity without concerns about network costs consuming transaction value. The achievement validates Pi Network's vision of democratizing cryptocurrency access through mobile mining and frictionless transactions, positioning the ecosystem competitively within the broader digital currency landscape. As the network continues maturing, sustained fee reductions support growing merchant adoption and peer-to-peer commerce capabilities.
FAQ
Are pi coins worth anything?
Yes, Pi coins have value. As of 2025, Pi Network has gained traction, with Pi coins trading on various platforms and being used for transactions within the ecosystem.
How many pi is $100?
As of November 2025, $100 would get you approximately 500 Pi coins, based on current market trends and projections for Pi Network's growth.
How much is 1 pi worth now?
As of November 20, 2025, 1 PI coin is worth approximately $3.75. The price has seen steady growth over the past year, reflecting increased adoption and market confidence in the PI Network ecosystem.
Will pi Coin really be listed?
Yes, Pi Coin is expected to be listed on major exchanges in 2026. The Pi Network team is working on finalizing the mainnet and ensuring regulatory compliance before listing.
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