Key Notes

Key Notes:

The Pi Network app has surpassed 110 million downloads, averaging 110,000 new users daily.The platform’s influence is growing, with its follower count on X surpassing BNB Chain.Binance has launched a community vote to decide whether to list Pi Coin, fueled by growing user interest.

User interest in Pi Network has hit a new all-time high ahead of its mainnet launch following a series of milestones recently achieved by the platform. As per the data on Google Trends, the search interest for Pi Network shot up to 57 last week.

The previous highest recorded score was 26 in March 2024. This week, however, the partial value surged to 100, signaling peak popularity for the term.

Source: Google Trends

Furthermore, the Pi Network has recently surpassed 110 million downloads while clocking a daily average of 110,000 new users over the past month. On Monday, February 17, the app gained over 540,000 new users alone.

Furthermore, the Pi Network app currently ranks at the 4th spot in the Social category on the Google Play Store, following tech giants Facebook and Instagram. Furthermore, the influence of the Pi Network spreads across multiple platforms. On social media platform X (formerly Twitter), the project has now surpassed BNB Chain in follower count.

“Pi Network is racing to the top in X followers among top cryptos excluding meme coins,” crypto analyst Kim H Wong stated on X.

In order to build further hype, the Pi Network community is seeking the attention of tech billionaire Elon Musk, and further expand its market reach. In a widely circulated post, a user named Dr. Picoin emphasized Pi Network’s eco-friendly approach, scalability, and accessibility.

“Hi Elon Musk,You asked for Web3 and blockchain? – Pi Network has both — Web3 and the Pi Blockchain!” the post read.

He also highlighted the platform’s fast transactions, low fees, and its expanding user base of over 70 million across more than 200 countries. Similar posts quickly followed.

Pi Network’s rising popularity is further evidenced by increasing exchange support. The cryptocurrency is now listed on several major platforms, including OKX, Bitget, HTX, Gate.io, and MEXC. Most recently, CoinW also announced its support for Pi Network.

In a further development, crypto exchange Binance has launched a community vote to decide whether they should be listing Pi Network’s native token Pi Coin. The decision comes after a surge in discussions and growing interest among users about the token’s potential.

Users are presented with a straightforward choice: “Yes” or “No”. However, voting is restricted to those who meet specific criteria. To participate, users must be logged into their verified Binance accounts and maintain a minimum balance of 5 USD equivalent assets in their Binance wallets.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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