How Does Pi Network Compare to Other Layer 1 Protocols in 2025?

Pi Network ranks 40th with $3.1B market cap among Layer 1 protocols

In the competitive landscape of blockchain platforms, Pi Network has established itself as a significant player among Layer 1 protocols, currently holding the 40th position with a market capitalization of $3.1 billion. This positioning reflects Pi Network's growing influence within the broader cryptocurrency ecosystem since its launch in 2019. The platform's native token, PI, demonstrates considerable trading activity with over $67.5 million in 24-hour trading volume across 58 active markets.

Pi Network's market performance can be viewed in context through comparative metrics:

| Metric | Pi Network Data | Context | |--------|----------------|---------| | Market Rank | 40th overall | Among all Layer 1 protocols | | Market Cap | $3.1 billion | 0.0753% market dominance | | Circulating Supply | 7.83 billion PI | From total 100 billion max supply | | Current Price | $0.397 USD | Up 0.65% in 24h, up 11.92% weekly | | Monthly Performance | -11.99% | Reflects recent market volatility |

Despite showing strong weekly growth at nearly 12%, Pi Network faces longer-term challenges as evidenced by its 90-day decline of over 54%. This volatility pattern is characteristic of emerging Layer 1 protocols seeking to establish sustainable user adoption. Pi Network's mobile mining approach has helped it build a distinctive identity in the market, potentially supporting its competitive position against other established blockchain infrastructures.

Unique mobile mining feature differentiates Pi from competitors

Pi Network has revolutionized cryptocurrency mining through its innovative mobile-based approach, setting itself apart in the competitive crypto landscape. Unlike traditional cryptocurrencies that require expensive hardware and consume substantial energy, Pi enables users to mine coins directly from their smartphones without significant battery drain or computing power demands. This accessibility has dramatically lowered the entry barrier for cryptocurrency participation.

The technological advantage of Pi's consensus mechanism minimizes resource usage while maintaining network security. A comparison between Pi and traditional mining methods reveals striking differences:

| Mining Method | Hardware Required | Energy Consumption | Accessibility | |---------------|------------------|-------------------|--------------| | Pi Network | Smartphone | Minimal | High | | Traditional | Specialized rigs | Extremely high | Low |

Pi's mobile mining ecosystem has attracted millions of users worldwide, demonstrated by its ranking as the 40th cryptocurrency with a market cap exceeding $3.1 billion. The platform's self-reported circulating supply of approximately 7.8 billion PI coins supports a vibrant community engaged through the simple mobile application. This unique approach has positioned Pi Network as a pioneer in democratizing cryptocurrency mining, proven by its 11.91% price increase over a recent seven-day period despite broader market fluctuations.

11.9% weekly growth outpaces major Layer 1 chains

Pi Network's remarkable 11.9% weekly growth rate has positioned it as one of the fastest-growing cryptocurrencies in the market, demonstrating exceptional momentum compared to other established Layer 1 blockchain networks. This impressive performance becomes particularly significant when examined against the backdrop of the broader crypto market conditions.

Recent data reveals Pi's growth advantage over other major Layer 1 chains:

| Blockchain | Weekly Growth Rate | Market Cap (USD) | |------------|-------------------|-----------------| | Pi Network | 11.91% | $3.11B | | Other Major L1 (Avg) | ~3-5% | Varies |

This growth trajectory has propelled Pi Network to a rank of 40 in the cryptocurrency market capitalization hierarchy, with a circulating supply of approximately 7.83 billion tokens out of a maximum supply of 100 billion. The substantial trading volume of $67.5 million over a 24-hour period further validates investor interest and market activity.

The robust weekly performance stands in stark contrast to Pi's monthly and quarterly metrics, which show declines of 11.99% over 30 days and 54.12% over 90 days respectively. This pattern suggests that while Pi may be experiencing short-term volatility, its recent weekly surge indicates a potential turning point in market sentiment. The significant outperformance compared to established Layer 1 chains demonstrates Pi Network's growing competitive position in the blockchain ecosystem.

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