Pi Network Debuts $100M Ecosystem Fund and Open Mainnet as Remittix (RTX) Enters PayFi Arena Amid Price Volatility
Pi Network has officially transitioned to an open mainnet, now accessible and trading on major exchanges. In a pivotal move, the Pi Foundation announced a $100 million Pi Network Ventures fund, targeting the growth of Web3 startups and the broader Pi ecosystem. The push towards decentralization is marked by releasing open-source code and decommissioning its central node, aiming to establish Pi as a fully decentralized blockchain. Pi coin recently surged beyond $1.50, up 31.75% daily, but analysts flag potential volatility, with possible retests near $0.50 before a bid for $2 is attempted. Meanwhile, Remittix (RTX), built on Ethereum and priced at $0.0757, emerges as a promising PayFi crypto, offering direct crypto-to-fiat payment solutions with fast transfers, transparent fees, and regulatory compliance. RTX has raised over $15 million in presale and supports 30+ fiat currencies, positioning itself as a challenger to Pi in payment adoption. Traders should watch for continued volatility in Pi, and monitor Remittix’s upcoming exchange debut for entry opportunities. The landscape is rapidly evolving, with market participants showing increased interest in innovative, payment-focused blockchain projects.
Bullish
The official launch of Pi Network’s open mainnet, its listing on major exchanges, and the announcement of a $100 million ecosystem fund mark significant positive developments. The Foundation’s clear commitment to decentralization, including plans to release open-source code and dismantle the central node, boosts community and investor confidence. The price of Pi coin has posted strong gains, though analysts warn of potential short-term retracements. Meanwhile, Remittix’s rapid presale fundraising and its real-world crypto-to-fiat payment utility also signal robust market interest. Both projects are fostering optimism and increased engagement in payment-focused blockchain ecosystems, supporting a bullish sentiment in the near term despite expected volatility.