Polkadot News Today: Pi and Polkadot at Crossroads: Liquidity, Upgrades, and the Quest for Real-World Use

Pi Network remains a focal point for its community as it navigates challenges related to liquidity, governance, and real-world utility, while Polkadot prepares for a major network upgrade that could redefine its position in the blockchain landscape. Meanwhile, new entrants like Layer 1 projects are drawing attention for their potential to bridge the gap between crypto and traditional finance.

Pi Network’s progress has been marked by mixed signals. Although the project launched its Open Mainnet in February 2025, the token remains largely unlisted on major exchanges, limiting its liquidity and market visibility. Despite a user base exceeding 120 million, the network still faces hurdles such as incomplete KYC verifications, migration bottlenecks, and low transaction activity on both its testnet and mainnet. A recent report noted that daily exchange trading volume has dwindled to approximately $20 million, raising concerns about the ecosystem’s long-term sustainability. Users are also grappling with “Tentative Approval” statuses during migration, leaving many unable to access their Pi tokens. These challenges have intensified calls for transparency and accelerated development.

In parallel, Pi Network has rolled out protocol upgrades, with Version 23 emphasizing enhanced KYC processes and governance decentralization. The update aims to streamline identity verification while delegating authority to third-party solutions, a move expected to ease frustrations among users. However, the phased rollout has led to potential network outages, and the Pi token’s price has continued to underperform, trading near $0.34 amid bearish technical indicators. Analysts suggest that a breakdown below this level could push the price toward a new all-time low of $0.23, though bullish indicators like RSI and MACD hint at a possible short-term reversal.

Security remains a pressing concern for Pi users. A recent incident exposed a scam wallet linked to token thefts, prompting the Pi Core Team to roll out features like PassKeys and the Pi Safety Center to protect users. The team is also preparing for a potential second token migration, which could address unresolved issues from the first phase and further integrate the ecosystem.

On the other hand, Polkadot (DOT) is preparing for a significant update with the release of Polkadot 2.0, expected to enhance the network’s architecture and performance. The upgrade, led by the Web3 Foundation and Parity Technologies, is anticipated to increase institutional interest and potentially attract new capital flows, especially if a Polkadot ETF is approved. The token is currently trading at $3.87, with a 1.45% increase in the past 24 hours, though its 24-hour trading volume has fallen by nearly 50%. This volatility underscores the uncertainty surrounding the upgrade’s impact on market dynamics.

Polkadot’s unique architecture, which allows for independent parachains, sets it apart from other Layer 1 blockchains. Its flexibility has attracted developers to build specialized applications across diverse sectors, including DeFi, NFTs, and privacy-focused solutions. However, the project faces stiff competition from Ethereum and Solana, which offer broader developer ecosystems and faster execution speeds. Critics argue that Polkadot’s parachain model, while innovative, requires a significant investment of DOT tokens to secure slots, creating a barrier for smaller developers.

Amid these developments, emerging projects like Remittix are gaining traction by focusing on real-world utility and cross-border solutions. With a presale that has raised over $24.3 million and upcoming CEX listings on BitMart and LBank, Remittix is positioning itself as a viable alternative for users seeking practical crypto applications. Its beta wallet, set for release in Q3 2025, aims to facilitate seamless transactions across 40+ cryptocurrencies and 30+ fiat currencies, offering a compelling solution for freelancers, remitters, and businesses.

Both Pi Network and Polkadot are at critical junctures as they seek to transition from hype-driven projects to functional ecosystems with tangible use cases. For Pi, overcoming liquidity and governance challenges is essential to realizing its vision of a mobile-first, inclusive cryptocurrency. For Polkadot, the success of Polkadot 2.0 and its ability to attract institutional backing will determine its trajectory in the competitive blockchain space.

Source: [1] What Keeps Pi Network Alive? (https://www.ccn.com/education/crypto/pi-network-secret-hype-despite-uncertainty-explained/) [2] Pi Network Scam Wallet Exposed as Community Sounds Alarm (https://coinpedia.org/news/pi-network-scam-wallet-exposed-as-community-sounds-alarm/) [3] Massive Pi Network Update Drops: What Every PI User Needs To Know (https://cryptopotato.com/massive-pi-network-update-drops-what-every-pi-user-needs-to-know/) [4] Should You Buy Polkadot While It's Under $10? (https://www.nasdaq.com/articles/should-you-buy-polkadot-while-its-under-10) [5] Polkadot 2.0 Release: Major Network Update Announced (https://www.mexc.com/en-GB/news/polkadot-2-0-release-major-network-update-announced/88090) [6] Polkadot Latest News, Cardano Price Prediction & ... (https://www.livebitcoinnews.com/polkadot-latest-news-cardano-price-prediction-everything-you-need-to-know-about-trending-remittix/)