Pi News: Pi Network Launches Gargoura Digital Bank on Testnet

The Pi Network ecosystem is buzzing over a new banking interface on the Testnet. This reflects its growing effort to connect DeFi and real-world finance.

A recent milestone has stirred excitement within the Pi Network ecosystem. An early release of a new, digital banking application was launched on the Pi Testnet and is the subject of the community discussions. The release of the app caused a tremendous stir on the Internet.

Testnet Features Reflect Focus on Utility and Compliance

They also commented on its generous structure. However, the name of Gargoura Digital Bank comes from the community. It is not included in the project’s official roadmap.

The interface contains a combination of traditional and decentralized banking components. This is in line with the Pi Network’s mission to bring blockchain closer to real-world finance. This means this is a sign of maturity in the Pi developer ecosystem.

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The menu text of the app is written in French. These include Envoyer (Send) and Recevoir (Receive). Technically, it is in the same vein as the conventional mobile banks. This interface provides DeFi flexibility.

The Pi Testnet enables users to simulate the movement of money and the dealing process in real time. It shows a bright yellow exclamation mark. Therefore, it helps in making the users aware that this is not a working finance tool. It is still in the testnet phase.

Pi Coin has no official, market-determined price. The network is still in closed mainnet. However, the Pi coin (PI token) is being traded on large exchanges. These include Bitget, OKX, and HTX.

The price of these exchanges is prone to large volatility. Specifically, its value is strongly dependent on the market demand and supply of circulating tokens. Furthermore, much of community-mined tokens are locked.

Pi Network Updates Node to Version 0.5.4, Boosting Reliability and Rewards

Pi Node was updated to 0.5.4 in November of 2025. This upgrade was meant to increase reliability and accessibility. Also, this work was focused on reward computation optimization for node operators.

In October 2025, Pi Network launched new Testnet features. These included a decentralized exchange (DEX). They also began with automated market maker (AMM) liquidity pools. As a result, these steps will add functionality to Pi’s DeFi offerings.

The investment in the network was also announced. It has made its first investment in a firm called OpenMind. Thus, the Pi Network still has to develop its utility from there. This change is being developed from a number of fronts.

As of November 7, 2025, the live Pi price is around $0.21 USD per token. Its 24-hour trade volume is approximately $29 million USD. As such, trading continues to be healthy on centralized exchanges.

The token broke an all-time high at approximately $2.98 USD. This is not long after its mainnet went live in February 2025. As a result, current prices are well below this peak. As a result, high volatility is witnessed.

The current circulating supply is approximately 8.3 billion PI. The maximum total supply of PI is 100 billion. Therefore, progress in development still has a strong impact on the token’s value. Adoption and migration to the mainnet are important factors.

While the legitimacy of Pi Bank remains unconfirmed, the Testnet progress is remarkable. The adoption of DeFi features and continuous node enhancements indicate a dedication to utility. Therefore, the ecosystem is moving in the direction of a more general purpose.