Pi coin Rebound reclaimed 0.45 USD! The number of Pi Network applications has surpassed 21,000, raising community concerns about its practicality.

Pi Network (PI) today (21) saw a short-term rebound in the European morning session, rising above $0.4500. The number of applications on the Pi App Studio has surpassed 21,000, but the price fluctuation has raised new questions about utility and token appeal.

The Pi Network ecosystem continues to grow rapidly, with over 21,000 applications now available on its platform. This milestone was launched during this year's Pi2Day celebration with the introduction of the Pi App Studio. This no-code AI-assisted tool has helped over 34,800 pioneers publish 7,600 chatbot applications and 14,100 customized applications.

The construction of these applications requires little to no coding. Although the network claims that its growth is user-driven, industry analysts still question whether these applications provide real utility or merely exaggerate engagement metrics.

Pi App Studio makes AI development accessible

Pi App Studio aims to make application creation more accessible to the public. With AI-assisted workflows, pioneers can create games, health, and educational applications without any technical experience. Community-built applications include "Pi-Tris" (a puzzle game), "Healthy Life" (a health tips chatbot), and "BLACKHOLE" (an astronomy-focused assistant).

These innovations demonstrate the ecological potential of grassroots innovation. However, Pi Network has clarified that it neither reviews nor endorses these applications. Users bear the risk of using them, raising concerns about content quality and platform security.

Ecosystem Catalog Staking to Enhance Discoverability

Another important feature of Pi2Day 2025 is the launch of the ecosystem catalog staking function. This utility allows pioneer users to stake their Pi tokens to enhance the visibility of applications on the network. At the time of release, over 37.7 million Pi had been staked, and there are still more than 25 million Pi in active status. Approximately 1,450 applications have received support from 16,700 independent users.

This move introduces a Web3 native community curation method. The discoverability of applications is no longer driven by algorithms, but rather depends on how much Pi the community is willing to stake, which is a true investment in what they value.

Price pressure casts a shadow over ecosystem enthusiasm

Despite the increasing activity within the Pi ecosystem, its price performance continues to affect market sentiment. Over the past week, PI experienced significant fluctuations. The token dropped from above $0.47 on July 15 to a low of below $0.435 on July 17.

The brief intraday Rebound on July 18 and 19 could not be maintained. The price briefly rebounded above $0.455 and then fell again. By July 21, PI stabilized around $0.45, but the chart shows it continues to be under pressure, with weak upward momentum.

This instability reflects the market's general skepticism about the actual utility and liquidity of the Pi coin during its closed mainnet phase. Despite the attention on Pi App Studio and developer activities, traders remain cautious.

The Pi Network community continues to demonstrate strong engagement, with tens of thousands of users creating applications and millions of Token staking support. The Pi App Studio has opened new doors for non-technical developers in the cryptocurrency field.

However, questions surrounding long-term practicality, application quality, and Token value still exist. As Pi coin prepares for the transition to the future mainnet, the pressure remains enormous on how to convert momentum into measurable results.

(Source: CoinMarketCap)