Pi Network’s Biggest Update Yet: DEX, AMM, and the End of .pi Domains Auction
Pi Network Expands Ecosystem With Testnet DEX and AMM Features, Ends .pi Domains Auction
The team behind Pi Network, one of the most debated projects in the crypto industry, is pressing ahead with ecosystem development by introducing new decentralized finance (DeFi) tools. The latest upgrades allow the community to experiment with building their own decentralized exchanges (DEX) and automated market maker (AMM) interfaces.
DEX and AMM Now Live on Testnet
At the recent TOKEN2049 conference in Singapore, Dr. Chengdiao Fan, Pi Network co-founder, confirmed that the project has deployed DEX and AMM liquidity pool functionality to its blockchain. These tools enable Pioneers—the project’s global community—to experiment with token swaps, liquidity pools, and other DeFi applications.
However, the features are currently restricted to Testnet only. Fan explained:
“Mainnet restricts this functionality for now, but the interface in the Pi Wallet will display these options and link users to the Testnet environment. These features are innate on the protocol level of the Pi blockchain and allow the community to build their own DEX and AMM interfaces.”
According to Fan, the initiative not only prepares Pi Network’s community for real-world DeFi engagement but also serves as an educational tool, giving users practical exposure before dealing with real PI tokens on Mainnet.
Developers are also allowed to create tokens on the Pi Testnet blockchain, a key step for experimenting with liquidity pools and swaps. Full documentation on how to use the new functions is expected to be released in the coming weeks. On Mainnet, however, token creation remains restricted until the testing phase concludes.
Conclusion of the .pi Domains Auction
Alongside technical updates, Pi Network recently wrapped up its highly anticipated .pi Domains Auction, which began in mid-June. The event allowed Pioneers to bid on personalized domain names as an alternative to long blockchain addresses.
The auction officially ended on September 30, with no further bids accepted after the deadline. However, the team implemented a rolling 24-hour extension rule: if a bid was placed within the last 24 hours of the auction, the bidding window for that domain automatically extended by another day. This mechanism ensured fairness and allowed active participants to compete until the very end.
Winning bidders will soon be able to claim their domains, but only after a two-month data review phase designed to validate results and ensure transparency.
What’s Next for Pi Network?
With the launch of Testnet DEX and AMM features, Pi Network is positioning itself as more than just a mobile mining app. The rollout represents an important step toward building a functioning DeFi ecosystem within the Pi blockchain.
Meanwhile, the conclusion of the .pi Domains Auction shows Pi Network’s continued push to create real utility and identity solutions for its growing user base. Once testing is complete and Mainnet adoption expands, these tools could lay the foundation for broader adoption of PI tokens in the global crypto market.
Source: CMC
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
