Significant Developments for Pi Network as Hackathon Deadline Approaches
Exciting progress for Pi Network users with a surge in app development leading up to the hackathon deadline.
The popular yet controversial Pi Network has faced significant scrutiny recently due to concerns surrounding the performance of its native token. However, amidst the challenges, there are promising updates in terms of development and user engagement, as reported by various channels focusing on the Pi Network’s events.
Growth of Pi Network’s Ecosystem
Though officially launched earlier this year, the Pi Network had been under development for over five years, amassing a substantial user base even before its launch. While progress slowed in subsequent months, recent updates indicate a potential resurgence.
🚀 The Pi Mainnet ecosystem is witnessing remarkable growth! There are over 210 live applications, with more than 23,000 applications in Pi Studio waiting to launch on the Mainnet!
📅 Final Hackathon submission deadline: Wednesday, October 15. More exciting apps are racing against time to…
— Pi News (@PiNewsMedia) October 12, 2025
According to Pi News, the quantity of live applications has soared past 210, with over 21,000 more preparing for imminent launch on the Mainnet. This remarkable surge is attributed to the ongoing Pi Network Hackathon, which kicked off in late August and concludes on October 15.
The project team shared a mid-way review in September detailing the most popular new apps recently introduced during the Hackathon.
This event is designed to motivate users to create more applications on the Pi Network Mainnet, boasting a prize pool of 160,000 PI tokens for distribution to up to eight teams:
- 1st Place – 75,000 Pi
- 2nd Place – 45,000 Pi
- 3rd Place – 15,000 Pi
- Honorable Mentions (up to 5 teams) – 5,000 Pi each
Update on PI Pricing
In contrast to its increasing usage, the value of the Pi Network’s native token has been declining significantly over recent months, reaching a low of $0.1721 as reported on Friday night, representing a loss of over 94% since its peak price of $2.99 in late February.
Though PI has rebounded slightly above $0.20 at the time of writing, the outlook remains uncertain, as suggested by ChatGPT’s latest projections. Yet, a loosening of the unlock schedule in the coming weeks may alleviate some immediate selling pressure around the asset.
