Pi Network Breaks Uniswap’s Record with $12.6B Airdrop

Pi Network (PI) has acceptable a grounds with the largest and astir invaluable crypto airdrop pursuing its mainnet motorboat and speech listings. Pi Network has breached the grounds of Uniswap’s erstwhile achievement. 

A study from Bitget reveals that the Uniswap airdrop was valued astatine $6.43 cardinal successful 2020. Pi Network has present doubled that, reaching $12.6 billion. It has acceptable a caller grounds with 6.3 cardinal PI tokens successful circulation and an archetypal terms of astir $2.

Traditional airdrops reward aboriginal users, but Pi Network’s airdrop focuses connected wide participation. Since 2019, millions of radical person mined PI connected their phones, contributing to its ample and engaged community. 

Before the launch, exchanges similar Bitget and BitMart provided PI airdrops and giveaways. When the mainnet went up, starring exchanges similar OKX and Bitget rapidly included PI for spot and futures trading, expanding its popularity.

Pi Network is present afloat connected to outer networks with its Open signifier launch, allowing creaseless integration with different blockchains and fiscal systems. The squad stated that Open Network expands Pi’s ecosystem, enabling caller applications and peer-to-peer transactions beyond its interior system.

This signifier besides supports connections with centralized exchanges (CEXs) and onramps, making it easier to get and usage Pi. Additionally, it introduces much third-party services and Node updates.

Despite breaking records, Pi Network faces challenges similar regulatory scrutiny and doubts astir its mining model. Some fearfulness it mightiness conflict similar Hamster Kombat, which besides had precocious archetypal hype.

PI’s terms started astatine astir $1.3, and surged past $2, but has since dropped to $0.8783, falling implicit 40% successful 24 hours. This diminution is apt owed to sell-offs by aboriginal miners and holders.

Pi Network’s aboriginal remains uncertain, but its squad is committed to gathering a decentralized and scalable ecosystem. The coming months volition amusement whether it tin support its momentum.

Also Read: Pi Network Memecoin PIDOG Price Drops Over 60%