What Is the Current Crypto Market Overview: Market Cap, Trading Volume and Exchange Coverage in 2025?

Pi Network ranks #37 with $2.93 billion market cap

In 2025, Pi Network (PI) has established itself as a significant player in the cryptocurrency market, reaching the #37 position with a market capitalization of $2.93 billion. This represents substantial growth from its earlier market positions, demonstrating the project's increasing adoption and market confidence. The Pi token currently trades at approximately $0.27, showing remarkable stability despite market fluctuations.

When comparing Pi Network's performance across different time periods, we can observe its market evolution:

| Year | Market Rank | Market Cap | Price | Daily Trading Volume | |------|-------------|------------|-------|----------------------| | Early 2025 | #62 | $2.22B | $0.27 | $11.69M | | Mid 2025 | #45 | $2.72B | $0.29 | $25M (est.) | | Late 2025 | #37 | $2.93B | $0.27 | $30M |

The project's ascent in rankings demonstrates increasing investor interest following its transition to an open mainnet. Pi Network's unique mobile mining approach has created what analysts describe as "the largest network of verified users in crypto," contributing to its market strength despite previous controversies surrounding KYC requirements and locked tokens.

Price forecasts from market analysts suggest potential growth, with some projections indicating Pi could reach $0.85 by the end of 2025, with longer-term estimates suggesting values approaching $1.95 by 2040. This data underscores Pi Network's transition from a controversial mining app to a legitimate cryptocurrency with significant market presence.

Circulating supply of 81.42 billion out of 100 billion total

According to the latest data as of October 2025, Pi Network's circulating supply figures show significant development in their token distribution strategy. The current market situation reveals an evolving landscape compared to previous figures.

| Supply Metric | Amount (billions) | Percentage | |---------------|-------------------|------------| | Circulating Supply | 8.25 | 8% | | Remaining Supply | 91.75 | 92% | | Total Supply | 100.00 | 100% |

This data contradicts some earlier reports which suggested a much higher circulating supply. The relatively low circulation rate of 8% indicates Pi Network's controlled approach to token distribution, potentially mitigating inflationary pressures that often plague new cryptocurrencies. Recent analysis from market experts suggests that this conservative release strategy may be deliberate, allowing the network to gradually build utility and adoption before increasing token availability.

The discrepancy between different reported figures highlights the dynamic nature of Pi's distribution mechanism, which is tied to their mining rewards system. Documentation from the project indicates that the effective total supply is calculated by dividing the current Migrated Mining Rewards on the Mainnet blockchain by 65%. This methodology ensures that token distribution remains aligned with actual network participation and growth metrics.

24-hour trading volume reaches $35.70 million

Recent data indicates a surge in PI's trading activity, with the 24-hour volume reaching an impressive $45.8 million according to the latest market reports. This represents a significant 12% increase from the previous day's figures, demonstrating growing investor interest in the digital asset. The trading volume fluctuations reflect the dynamic nature of PI's market presence.

Market data across various exchanges shows interesting variations in reported volume:

| Exchange | 24-Hour Trading Volume | Price | |----------|------------------------|-------| | CoinGecko | $45,819,826 | $0.2699 | | CoinMarketCap | $39,883,617 | $0.2699 | | Bitget | $40,160,000 | Up 0.61% | | Gate | $12,260,000 | $0.2705 | | CoinCodex | $46,500,000 | $0.2693 |

The substantial trading activity coincides with notable price movements, with PI trading between $0.26606 and $0.28087 within the last 24 hours. This increased volume suggests heightened market participation and liquidity for PI tokens, potentially signaling stronger market confidence. The rising volume metrics provide valuable insights for traders and investors monitoring PI's performance, as higher volumes often correlate with increased price stability and market efficiency. This robust trading activity positions PI as an increasingly prominent player in the cryptocurrency ecosystem.

Listed on major exchanges including Bitget and OKX

As of 2025, Pi Network has achieved significant milestones in its exchange listing journey. Bitget strategically announced its Pi Network listing in February 2025, marking a pivotal moment for the cryptocurrency. The exchange has further demonstrated its commitment by offering Pi token giveaways to users, strengthening community engagement and adoption. OKX has also joined the ranks of major platforms supporting Pi Network, providing additional trading options for Pi enthusiasts.

Currently, Pi Network is available on several established cryptocurrency exchanges, as shown in the table below:

| Exchange | Pi Network Listing | Trading Pairs | |----------|-------------------|--------------| | Bitget | Listed (Feb 2025) | Multiple | | OKX | Listed | Multiple | | Gate | Listed | 31 pairs | | MEXC | Preparing | Coming soon |

Gate currently hosts the highest trading volume for Pi Network at approximately $4.66M, offering 31 different trading pairs. Pi Network now ranks 236th by overall trading volume and is accessible on 21 cryptocurrency exchanges globally. Users can trade Pi with fiat currencies on 8 exchanges and with stablecoins on 22 platforms. Despite community interest and growing exchange presence, the precise timeline for additional major exchange listings remains uncertain as Pi Network continues its rigorous development.