Pi Network launches DEX and AMM on Testnet, boosting the DeFi ecosystem

Pi Network (PI) has just launched two new features on the Testnet, including a decentralized exchange (DEX) and an automated market maker (AMM), according to the announcement on September 30.

These features create a "testnet" for token swaps, providing liquidity and other DeFi experiments without affecting the Mainnet. This update comes amid Pi Coin facing many challenges in the market since its launch earlier this year.

Data from CoinPhoton shows that this token recently dropped to a record low of 0.2234 USD at the end of September, but has since slightly recovered to around 0.27 USD at the time of writing.

Promoting the Pi ecosystem

For DEX and AMM to operate effectively, creating tokens is essential. According to the project development team, developers on the network can currently create test tokens directly on Testnet, while creating tokens on Mainnet will still be restricted until official guidelines are released.

The Pi Core Team emphasized that future regulations will be developed in accordance with the ecosystem goals, ensuring the issuance of tokens supports real-world applications, reasonable supply planning, and long-term sustainability. Fans also highlighted the importance of developing products based on practical utility rather than just creating speculative tokens at the TOKEN2049 conference.

This difference is very important. While memecoins show that online communities can rally around digital assets, they often lack real use cases, limiting sustainability. In contrast, Pi Network focuses on tokens that serve applications, services, and community engagement rather than creating a short-term "frenzy."

Support for learning DeFi and community development

Developers on the network can integrate these features with Pi App Studio, Pi Wallet, and Pi KYC – the user verification tool to ensure fair distribution.

In addition, the tools on Testnet further reinforce Pi's broader Web3 vision by opening up pathways for developers and users to learn about DeFi in a structured and utility-focused manner.

Pi Network asserts that its goal is to build a more sustainable ecosystem by promoting financial literacy, onboarding users step by step, while enhancing transparency and decentralization.

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