Pi Coin increases two digits after integrating with Chainlink

The leading decentralized oracle network Chainlink (LINK) has officially integrated Pi Network into the Data Streams ecosystem, allowing access to real-time pricing data.

This event marks an important milestone for the Pi ecosystem. Right after the announcement, the price of Pi Coin (PI) recorded significant growth.

Chainlink integrates Pi Network, PI price skyrockets

The announcement posted on Chainlink’s official X account stated that in just the past week, 22 new assets have been supported by Chainlink Data Streams. In addition to PI, the assets added to the ecosystem include JasmyCoin (JASMY), Grass (GRASS), THORChain (RUNE), and many other names.

List of 22 new assets supported by Chainlink Data Streams | Source: Chainlink/XChainlink Data Streams is a low-latency oracle solution that provides real-time market data based on a pull model (data pulling). This technology combines off-chain data aggregation with on-chain verification, ensuring high scalability, speed, and reliability for decentralized applications (dApp).

Expert Jatin Gupta wrote on X:

“Pi Network is now supported by Chainlink Data Streams! This opens up enormous potential for over 60 million Pi users in the DeFi space.”

According to Gupta, this integration brings many benefits to the Pi ecosystem, allowing users to access accurate and real-time PI price data, enhancing liquidity, and supporting operations on major blockchains such as Ethereum (ETH) and Avalanche (AVAX).

This helps to expand the utility of the PI token in various DeFi areas such as: trading, lending, tokenization of real assets (real estate, digital art, commodities…). Gupta emphasized that this upgraded infrastructure could help Pi Network become a reputable platform for DeFi applications requiring low latency.

“This integration turns Pi Network into a force in DeFi! Look forward to: More integrated dApps, a significant increase in liquidity, and exponential growth. A new era of Pi in DeFi begins here!”

The optimistic mindset is also spreading among the community of Pi users – also known as “Pioneers”. One analyst referred to this event as “the next Web3 transition of PI.”

In addition to the integration with Chainlink, the Pi community has also welcomed several important updates this month:

• Integrate a global fiat deposit gateway, bringing Pi closer to the general users.
• Deploying an advertising ecosystem through Pi Browser, allowing developers to monetize applications and users to earn rewards from interacting with advertisements.

All these advancements are considered a major turning point in the journey to make Pi Network a comprehensive Web3 platform.

The market’s reaction also somewhat reflects the significant impact of this information. The price of PI has increased by 17.1% since the announcement of the integration with Chainlink. In the past 24 hours, this token has continued to increase by nearly 1%, currently trading around 0.75 USD.

Pi Coin Price Chart | Source: TradingViewNevertheless, some experts remain cautious. A post on X stated that the list of verified businesses accepting Pi has not changed for the past two months.

“This shows the stagnation even after the mainnet launch.”

Although there are still many challenges, integrating with Chainlink is seen as a valuable opportunity for Pi Network to expand its applications and enhance global recognition. With the Pioneer community, this event once again reinforces the long-term vision of the project: to build a sustainable digital economy owned by the users.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

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Justin

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