Pi Network has been added to Chainlink’s Data Stream ecosystem, along with 21 other assets. This integration will enable real-time access to pricing data and will enhance the utility of the Pi Network token in the decentralized application (dApps).
With this integration, the price of the token has experienced an uptick and has crossed the $0.7 mark.
At press time, the price of the token stands at $.07526 with an uptick of 0.7% in the last 24 hours as per CoinGecko. The token has also experienced a surge of 33.6% in the past week.
According to an X post by a well-known market analyst, Moon Jeff, the support level for Pi Coin remains at $0.6, which again is showing a strong foundation for its future price movements.
How will this Integration Help Pi Network?
With this integration, the Pi Network will gain more credibility and could increase its use cases in smart contracts and blockchain-based games. This move could help the network gain mainstream acceptance in the Web3 space which can potentially lead to listing on big exchanges such as Coinbase and Binance.
This integration may also open up opportunities for the network to expand its reach across other blockchain as it has the ability to act as a blockchain bridge. Its infrastructure allows it to carry out efficient blockchain transactions, which enables interaction between various blockchains easily.
Pi Network has been focused on building an ecosystem that is full of dApps, strategic partnership and real-world applications like payments and supply chain management. With this integration, it will become easier for the network to integrate external data into these application through Chainlink’s decentralized oracle network and strengthen its use cases in the decentralized finance (DeFi) space.
Pi Network launches Ad Network
Additionally, Pi Network has also launched its own Ad Network, which has completed its pilot phase as of now and has been opened for the developers to join. The main initiative of this ad network is to bring real-world use cases to the Pi-cryptocurrency by allowing advertisers to promote their product within the ecosystem.
With this initiative, it is being anticipated that revenue will be generated for the users and the developers, which will help increase the token’s utility and adoption.
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