The world of cryptocurrencies is a space of innovation, speculation and rapid technological change. Over the past decade, millions of digital tokens have emerged, grabbing headlines and investors’ attention alike. However, despite this proliferation, the reality is stark: according to Brad Garlinghouse, CEO of Ripple, “99% of cryptocurrencies are likely to go to zero.” While this claim may seem extreme, it aligns with a historical pattern seen in technology markets where only a small fraction of innovations endure. In the context of cryptocurrencies, the key differentiator is utility. Among the vast sea of digital currencies, only those that offer real-world applications, functionality, and sustainable adoption survive. The Pi Network represents an excellent example of this rare 1% demonstrating practical utility and long-term potential.
The era of token supply explosion
The cryptocurrency market has seen waves of massive token creation. From the initial coin offering (ICO) boom of 2017 to the rise of decentralized finance (DeFi), NFTs, and memecoins between 2020 and 2022, the number of digital assets has grown exponentially. Many tokens were launched at minimal cost, often close to zero, giving rise to a speculative market where quantity outweighed quality. While some projects achieved temporary, hype-driven success, most failed to provide meaningful functionality, leaving them vulnerable to market corrections and eventual obsolescence.
This pattern reflects a broader principle of technology adoption: rapid innovation produces many entrants, but only solutions that solve real problems or provide tangible benefits achieve long-term viability. In the case of cryptocurrencies, survival does not depend on marketing, advertising or the large number of investors, but on utility, adoption and community participation.
The problem of speculative tokens
Tokens without practical applications tend to be very volatile. Their market value is often driven by speculation rather than intrinsic use, exposing investors to significant risks. Many of the digital assets launched during the ICO wave or DeFi/NFT boom had little to no adoption outside of trading platforms. They generated temporary excitement but offered no sustained value. As market attention shifted, most of these projects disappeared, leaving investors with tokens of negligible value.
This high failure rate demonstrates why usefulness is critical. A cryptocurrency must provide a service, facilitate transactions, or create a digital ecosystem that users can trust. Without utility, a token cannot establish itself as a sustainable digital asset.
Red Pi: utility at its core
Pi Network stands out for prioritizing utility from the beginning. Unlike purely speculative tokens, Pi Coin was designed to be accessible, community-driven, and applicable in real-world scenarios. Its mobile-first mining approach democratized access, allowing millions of users around the world to participate without expensive hardware or high energy costs. This broad user base, known as Pioneers, forms the foundation of the Pi ecosystem, ensuring both the security and growth of the network.
Pi Network has evolved beyond simple mining. Its roadmap includes real-world applications such as peer-to-peer payments, merchant integration, decentralized applications, and Soroban-based smart contracts. By adding public services to the network, Pi goes from a mined asset to a programmable digital economy, capable of supporting real transactions, applications and financial services.
Community Participation and Network Security
Another factor in Pi Network’s resilience is its community-centered design. Early adopters are incentivized to contribute through validation, node operation, and active participation. Validators maintain the blockchain, secure the network, and earn rewards, ensuring decentralization and network integrity.
The focus on the community also reduces centralization risks common in other cryptocurrencies, where early investors or developers control a disproportionate number of tokens. The Pi Network model distributes ownership and responsibility, making the network more robust and sustainable. Commitment and constant participation create a cycle in which usefulness reinforces adoption and adoption strengthens usefulness.
Lessons from history
The history of failed cryptocurrencies offers valuable lessons. Many tokens launched during speculative booms were abandoned due to lack of real-world applications. Investors initially attracted by the hype soon realized that these assets had no intrinsic value. In contrast, Pi Network emphasizes tangible applications that create real-world impact, such as instant payments, smart contracts, and decentralized applications.
This approach ensures that Pi Coin has a use case beyond speculation. By offering functionality that users can interact with daily, the network establishes a foundation for long-term adoption. Transactions, app usage, and validation efforts contribute to a thriving ecosystem, increasing the likelihood that Pi Coin will be part of the 1% of cryptocurrencies that survive.
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| Source: Xpost |
Belief, patience and sustainable growth
To survive, cryptocurrencies require more than technical infrastructure: they need engaged communities. Pi Network demonstrates how faith and patience drive sustainable growth. Milestones like KYC verification, Mainnet activation, and validator rewards allow Pioneers to see tangible results from their participation, reinforcing trust and engagement.
Active community involvement ensures that the network remains secure, functional, and capable of scaling. As pioneers continue to build applications, validate transactions, and facilitate payments, the Pi Network strengthens its ecosystem, creating a cycle of utility and adoption that positions it well for long-term success.
The future of digital utility
The rise of the Pi Network indicates a shift in the focus of cryptocurrencies from speculation to utility. By building a functional digital economy, Pi Network addresses the critical challenge most tokens face: survival beyond the hype. Cross-border payments, decentralized applications, and Web3 integration position Pi Coin as a critical layer for a global digital economy.
Its inclusive design allows users from around the world to participate, encouraging widespread adoption. By emphasizing real-world functionality, Pi Network ensures that usage creates value, rather than relying on speculation or short-term trading trends.
Conclusion: Pi Network as a survival model
Brad Garlinghouse’s claim that most cryptocurrencies will fail highlights the importance of utility in the digital asset space. The Pi Network exemplifies the small fraction of cryptocurrencies able to survive because it combines accessibility, community participation, and real-world applications.
Through mobile-friendly mining, Mainnet activation, validator engagement, and a growing set of decentralized applications, Pi Network demonstrates how a cryptocurrency can move from a speculative asset to a sustainable digital economy. Their approach shows that success in the blockchain space is not just about hype, but about creating utility, engaging a community, and providing tangible value to users.
In a market where 99% of tokens fail, Pi Network is part of the 1% that stands out. By focusing on utility, adoption, and community, it offers a plan for long-term survival in the volatile world of cryptocurrencies. Pi Coin is more than a currency: it is an ecosystem powered by utilities and a global movement, showing that the future of digital finance is based on purpose, participation and real-world applications.
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Writer @Victory
Victoria Haleis a pioneering force in the Pi Network and a passionate blockchain enthusiast. With first-hand experience setting up and understanding the Pi ecosystem, Victoria has a unique talent for breaking down complex developments in the Pi Network into engaging, easy-to-understand stories. It highlights the latest innovations, growth strategies, and emerging opportunities within the Pi community, bringing readers closer to the heart of the evolution of the crypto revolution. From new features to analysis of user trends, Victoria ensures that each story is not only informative but also inspiring for Pi Network enthusiasts everywhere.
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