OKX, a major cryptocurrency exchange, has introduced a new USDC trading pair to PI Coins (PI) on the PI network, indicating a significant increase in market liquidity.
This move is due to the continued decline in PI prices and trading volumes. This reflects the ongoing market challenges and uncertainties surrounding the project.
OKX introduces Pi Coin’s new USDC pair
It is worth noting that OKX was the first exchange to list Pi Coin shortly after the launch of the Open Network. Exchanges also dominate the daily trading volume of coins.
CoinmarketCap data showed that PI trade volume was $54 million at press, of which 37.2% came from OKX. Additionally, on August 21st, Exchange introduced a PI/USDC trading pair.
The move aims to enhance trading opportunities for PIs and increase liquidity. It also amplified optimism among the PI network community, or among the pioneers.
“This new pair will bring higher liquidity, higher adoption and stronger growth to the PI ecosystem!” wrote the user.
New news updated $pi
@picoleteam @nkokkalis @chengdiao @okx (okx) added PI/USDC trading pairs as well as PI/USDT.
Be patient, after open source, there are smart contracts and defi.
– fireside | PiÏ€ (@fireside_pi) August 21, 2025
However, this launch coincides with troubling market trends in PI networks. According to CoinmarketCap, PI trading volumes plummeted sharply, falling from $18 billion in March to $2.6 billion in July.
PI COIN Monthly trading volume. Source: Data curated by Beincrypto
This 85% reduction reflects a decline in investor interest. Furthermore, this trend has been exacerbated by a 50% increase in exchange reserves since March. Beincrypto previously reported that its reserves reached PI 409 million in August.
The latest launch of the Pi Hackathon 2025 network has not overturned this momentum. In fact, the event has attracted a lot of criticism from the community.
Furthermore, Beincrypto highlighted that Pi’s social domination became lower each week. It reflects the decline in visibility or popularity of a project on social media and online platforms.
However, significant drops are related to price. Even within the wider bull run, Pi couldn’t gain momentum. Altcoin is just 7.7% off the all-time low of $0.33 recorded on August 6th.
At the time of writing, Pi Coin was trading at $0.36, a 0.9% decline in the past day. If the current downward trend continues, the PI may return to ATL or even lower.
Performance at PI coin prices. Source: Beincrypto Markets
In particular, new USDC pairs offer additional fluidity channels, but can incorrectly amplify these challenges. Pioneers and investors wanted the pairing to attract fresh capital and stabilize prices, but the current market dynamics suggest that this is not the case.
Without a corresponding increase in demand, the pair risks that PIs become another means of withdrawing the market, turning strategic moves into potential responsibility.
OKX post introduces a PI/USDC pair. Does it promote further decline in fluidity and fuel? It first appeared in Beincrypto.
