Pi Network Team Announces Two Major Updates Amid Kraken Pi Coin Listing

Boluwatife Adeyemi
May 24, 2025
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Pi Network Team Announces Two Major Updates Amid Kraken Pi Coin Listing

Highlights

  • The Pi Network team has integrated five new decentralized applications into the mainnet ecosystem.
  • The team has also added a new account recovery flow for community members to easily reset their passwords.
  • Meanwhile, Kraken has listed Pi coin perpetual futures with up to 20x leverage.

The Pi Network has announced the listing of new decentralized applications (dApps) and an update on recovery options, providing a major boost for the ecosystem. This comes amid crypto exchange Kraken’s listing of Pi coin perpetual futures on its platform.

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Pi Network Team Announces New dApps & Recovery Options Update

In a blog post, the Pi Core Team (PCT) revealed that it has integrated five new community apps into the mainnet ecosystem interface, thereby expanding the network’s offerings and reinforcing its focus on “ecosystem and utility.”

The second update involves a new account recovery flow to help community members reset their passwords securely and efficiently. These announcements follow the recent launch of a $100 million VC fund to support real-world use cases.

According to the team, these new applications include a snake game app, e-commerce apps, and applications that provide on-chain data about the Pi token. They noted that these apps met the network’s standards for app quality, completeness of app functionalities, evaluation of utility, and compliance with stricter Pi ecosystem policies and guidelines.

Furthermore, the Pi Network team stated that these new app listings also help provide a framework for future developers. They added that as more apps go live, the ecosystem becomes more attractive and rewarding for community developers to build.

Meanwhile, for the second major update, the team elaborated that they have introduced a new flow for password resets. Now, a community member can receive a password reset link if they have set up a trusted email. This is in addition to existing password reset methods.

The blog post noted that this additional option ensures account accessibility while maintaining optimal security since email recovery is simpler and cheaper for community members.

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Kraken Launches Perpetual Futures

Amid the Pi Network team’s announcement, crypto exchange Kraken has listed Pi perpetual futures on its platform with up to 20x leverage. Traders will be able to long or short the token on the exchange’s futures market, which boasts over 40 collateral options and operates across over 360 markets.

This represents a major backing for the Pi coin, which is already listed on the top crypto exchange, OKX, for spot trading. Meanwhile, community members still await a listing on other top crypto exchanges like Binance, Bybit, and Coinbase.

However, it is worth mentioning that Bybit CEO Ben Zhou once revealed that his exchange has no plans to list the token while labeling the Pi Network a scam.

At press time, the Pi coin price is trading at around $0.76, down in the last 24 hours. Meanwhile, the trading volume is also down over 28%, with $180 million traded during this period.

Pi Coin Daily Chart
Pi Coin Daily Chart
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

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.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.