币界网报道：Pi Network's price growth is being driven by genuine demand rather than speculation, according to industry analysts. The decentralized cryptocurrency project, which allows mobile users to mine tokens through a smartphone app, has seen increasing adoption with over 45 million engaged users globally. Analysts highlight that Pi's gradual price appreciation reflects organic ecosystem development, including merchant adoption and utility expansion, rather than artificial market manipulation. The project's enclosed Mainnet phase has enabled controlled supply circulation while preventing exchange listings that could invite speculative trading. Core team members emphasize Pi's focus on building real-world use cases through partnerships with payment processors and e-commerce platforms. Recent developments include wallet integrations and KYC verifications to prepare for broader accessibility. While Pi remains unavailable on major exchanges, its valuation continues rising steadily as the network matures and more users transition from testnet to mainnet tokens. Market observers note this contrasts sharply with typical crypto projects that experience volatile price swings driven by exchange trading activity.