Pi Coin rises 17% after Chainlink integration

Pi Coin (PI) has seen a notable price increase following its integration into Chainlink’s (CRYPTO:LINK) Data Streams ecosystem.

The decentralised oracle network announced the addition of Pi Network (CRYPTO:PI) to its real-time pricing data service, which now supports 22 other assets, including Ethereum (CRYPTO:ETH) and Avalanche (CRYPTO:AVAX).

This development allows Pi Coin to operate seamlessly across major blockchains, enhancing liquidity and adoption in decentralised finance (DeFi).

“Pi Network’s inclusion in Chainlink Data Streams unlocks massive potential for its 60 million-plus users in the DeFi space,” commented analyst Jatin Gupta on the significance of the integration.

The integration provides Pi Network with reliable real-time market data, enabling accurate price feeds for decentralised applications (dApps).

Gupta highlighted that this advancement strengthens Pi’s multi-chain compatibility, paving the way for diverse use cases such as DeFi trading, lending, and asset tokenisation across industries like real estate and digital art.

The market response has been positive, with Pi Coin’s price surging by 17.1% since the announcement.

In addition to the Chainlink partnership, Pi Network has introduced other features aimed at bolstering its ecosystem.

These include a global fiat on-ramp for easier mainstream adoption and an advertising platform through the Pi Browser that allows developers to monetise their apps while users earn from ad engagement.

These developments mark a critical step in Pi Network’s evolution as a Web3 platform.

According to analysts, this strengthened infrastructure positions Pi Network as a potential foundation for latency-sensitive DeFi applications.

The integration signals broader implications for Pi Coin’s future in the crypto market.

“Expect more dApp integrations, increased liquidity, and adoption growth. The future of Pi in DeFi starts now,” Gupta noted.

At the time of reporting, the Chainlink (LINK) price was $12.72.