随着备受期待的生态系统活动未能激发其持有人，PI网络的价格本周越来越多。

3月15日星期四，Pi Coin（PI）下跌至0.8115美元，比本周最高点下降了47％，低于其历史最高高点70％。

The price of Pi Network (PI) has dropped this week as the much-anticipated ecosystem event failed to excite its holders.

由于备受期待的生态系统活动未能激发其持有人，因此PI Network（PI）的价格已下跌。

Pi Coin (PI) dropped to $0.8115 on Thursday, March 15, down 47% from its highest point this week and 70% below its all-time high. Its market cap has plunged from a record $19 billion in February to $6.31 billion as of May 15.

3月15日星期四，Pi Coin（PI）下跌至0.8115美元，比本周最高点下降了47％，低于其历史最高高点70％。截至5月15日，其市值从2月的创纪录的190亿美元跌至63.1亿美元。

Pi dropped after the developers announced the launch of Pi Ventures, which will invest $100 million in startups. It will focus on areas like fintech, artificial intelligence, e-commerce, gaming, and other areas.

在开发商宣布推出PI Ventures之后，PI下降了，该Ventures将投资1亿美元。它将集中在金融科技，人工智能，电子商务，游戏和其他领域等领域。

This article explores four key catalysts that could boost Pi Network's price in the near term.

本文探讨了四个关键的催化剂，可以在短期内提高PI网络的价格。

1. From centralization to decentralization

1。从集中化到权力下放

One potential catalyst is the migration from a centralized structure to a fully decentralized network. Pi Network currently operates as a "Semi-DAO," where the core team retains significant decision-making power.

一种潜在的催化剂是从集中式结构迁移到完全分散的网络。 PI网络目前是“半DAO”，核心团队保留了重要的决策能力。

The team controls billions of tokens, which poses a risk to the network if they decide to offload holdings onto the market. As shown below, the Pi Foundation holds over 70 billion tokens—yet little is known about the foundation or its members.

团队控制着数十亿个令牌，如果他们决定将持有量卸货的市场构成风险，这会给网络带来风险。如下所示，PI基金会拥有超过700亿个令牌 - 但对基金会或其成员的了解知之甚少。

A formal proposal to transition Pi Network into a fully decentralized blockchain would likely be welcomed by investors.

将PI网络转变为完全分散的区块链的正式建议可能会受到投资者的欢迎。

2. Pi Network token burns

2。PI网络令牌烧伤

Another potential catalyst lies in improving Pi's tokenomics. Currently, the network is on track to release millions of new tokens into circulation each month over the next several years.

另一个潜在的催化剂在于改善Pi的令牌学。目前，该网络有望在未来几年内将数百万个新令牌发布到每个月中。

Data shows that the total unlocks in the next 12 months will be 1.475 billion, or about 122 million a month. Token unlocks lead to more supply, which may hurt the price, especially when there is no demand.

数据表明，未来12个月的总解锁将为147.5亿，每月约为1.22亿。令牌解锁会导致更多的供应，这可能会损害价格，尤其是在没有需求的情况下。

A possible solution would be to initiate token burns to counterbalance supply growth. For example, Vitalik Buterin famously burned Shiba Inu (SHIB) tokens worth over $6.7 billion in 2021, a move that positively impacted SHIB's tokenomics and sentiment.

一种可能的解决方案是发起令牌燃烧以平衡供应增长。例如，维塔利克·布特林（Vitalik Buterin）在2021年烧毁了价值超过67亿美元的Shiba Inu（Shib）令牌，这一举动对Shib的标记和情感产生了积极影响。

3. Pi Coin exchange listings

3。PI硬币交换清单

Despite its large user base, Pi Coin is currently listed on only a handful of exchanges, including OKX, Bitget, MEXC, and Gate. Major platforms like Binance, Coinbase, Upbit, and Kraken have yet to list it.

尽管使用了庞大的用户群，但Pi Coin目前仅在少量交易所上列出，包括OKX，BITGET，MEXC和GATE。 Binance，Coinbase，Upbit和Kraken等主要平台尚未列出。

The reasons remain unclear, though analysts have cited concerns over centralization. A major exchange listing would likely trigger a parabolic price move, as seen with tokens like Orca and Alpaca. Alpaca jumped by over 2,300% after it was listed on Binance, while Orca soared by 200% after its Upbit listing.

原因尚不清楚，尽管分析师引用了对集中化的担忧。正如Orca和羊驼等令牌所看到的那样，主要的交换清单可能会引发抛物线价格转移。羊驼在二元上列出后跃升了2300％以上，而Orca在其上市后飙升了200％。

4. Ecosystem growth

4。生态系统增长

Another reason Pi Network's price has struggled is its lack of real-world utility since the mainnet launch. While the ecosystem boasts over 100 mainnet-ready applications, few have gained mainstream traction.

PI Network的价格挣扎的另一个原因是，自主网发布以来，它缺乏现实世界的实用程序。尽管生态系统拥有超过100个主网的应用程序，但很少有人获得主流牵引力。

The launch of Pi Network Ventures is a positive step, but building widely adopted applications will require significantly more effort. History shows that ecosystem funds alone are not enough to ensure adoption.

PI Network Ventures的启动是一个积极的一步，但是建立广泛采用的应用程序将需要更多的努力。历史表明，仅生态系统基金不足以确保采用。

For example, Kadena, which launched a $100 million fund in 2022, has not gained market share in the industry. Similarly, Velas token has crashed, giving it a market cap of $2.5 million despite launching a $100 million grants program.

例如，卡迪纳（Kadena）在2022年推出了1亿美元的基金，但在该行业尚未获得市场份额。同样，维拉斯令牌也崩溃了，尽管发起了1亿美元的赠款计划，但它的市值为250万美元。

Therefore, in addition to the fund, Pi Network will need to do more work to ensure that its apps are popular.

因此，除了基金之外，PI网络还需要做更多的工作以确保其应用程序流行。