Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
Highlights
- Pi Network has launched a new AMM and DEX to its Testnet.
- Developers now have tools to create tokens, configure liquidity pools, and define trades.
- Pi Coin increased in price by 3.59% as the implementation of the Testnet is strengthening the Pi ecosystem.
Pi Network has now added two new features to its Testnet. These are a decentralized exchange (DEX) as well as an automated market maker (AMM). This allows its users to exchange tokens, build liquidity pools, and experiment with DeFi concepts in a safe test environment. This update is a major step towards making Pi Coin more useful.
Developers Gain DeFi Tools as Pi Network Expands Testnet Features
According to a Pi Network post, developers can now create test tokens directly on the Pi Testnet blockchain. These tokens may be deployed across liquidity pools allowing trading simulations without placing real assets in risk. On the main network, the creation of new tokens is capped to ensure new functions are tested thoroughly.
Developers and Pioneers can supply test tokens to simulate real trading activity. This offers insights into how Pi Coin may function in future markets.
Recently, Pi Network also secured a major listing, boosting Pi Coin’s adoption. This help strengthen Pi’s ecosystem design while preparing the ground for eventual Mainnet adoption.
Pi Network provides developers with the tools they require to launch projects with the new DEX and AMM tools. Automated market makers are central to most blockchain exchanges allowing token swaps without centralized order books. Their inclusion indicates that Pi seeks to adhere to global DeFi regulations and enable additional opportunities to utilize the Pi Coin.
Testnet Rollout Will Boost the Pi Ecosystem
These DeFi tools on the Testnet suggest that Pi Network is no longer only a mobile mining application. Instead, it’s now a fully functioning Web3 application.
By delivering core tools to developers, the network is allowing pioneers to experiment with token markets. Hence, the network is gradually developing a use of Pi Coin that will meet real-life needs.
With DEX and AMM functions now live on Testnet, Pi Network is setting the stage for greater adoption. An expert has even suggested that Pi Network’s SIGN meeting could trigger a Binance listing, a move that would significantly expand its market reach.
The upgrade not only strengthens the ecosystem but also moves Pi Coin closer to becoming a fully functional digital asset with expanding utility. Pi Network’s recent implementation of Protocol v23 on Testnet highlights this progress.
The Pi Core Team explained that restricting these features to Testnet enhances safety while still opening access to innovation. This gradual rollout lets developers test safely and allows use DeFi tools in restricted environment.
It also reflected in an increase in the Pi Coin price. The coin gained 3.59% during the past day, hitting a high of $0.279 then dropping to $0.274 at this present writing.
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility
- U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
