Pi Network Joins Valour ETP as December Mining Rate Rises and DEX Nears

Pi Network took a major step into traditional finance this week. Valour Inc., one of Europe’s best-known issuers of regulated crypto investment products. It officially launched the Valour Pi (PI) SEK ETP on Sweden’s Spotlight Stock Market. The listing appeared in official regulatory filings and sits alongside ETPs for assets like Shiba Inu, VeChain and Celestia.

This marks the first Pi-based investment product to reach a public stock exchange. As a result, Pi now gains a regulated gateway for retail and institutional investors. More importantly, the move adds a layer of credibility. Valour operates under strict compliance rules, which strengthen Pi Network’s standing in regulated markets. Supporters see this as a shift from community mining into broader financial recognition. While Pi’s internal economy still dominates usage today, this ETP creates a bridge between Pi and global capital markets.

December Mining Rate Rises in Quiet Network Upgrade

Alongside the ETP news, Pi miners saw a subtle but meaningful update. The base mining rate for December 2025 increased to 0.0031296 Pi per hour. Up from 0.0027551 Pi per hour in November. The change may look small at first glance. 

However, it reflects steady adjustments as the network matures. Many pioneers see the update as a sign of continued technical fine-tuning rather than hype-driven growth. With lockups, security circles, and booster rewards, some miners are now earning more than 0.008 Pi per hour in total. The message from the core community remains consistent. Pi Network is building slowly, but it is building with purpose.

Testnet Cleanup Signals Protocol 23 and DEX Readiness

Behind the scenes, Pi is also completing a major technical cleanup. Across all wallets, only eight leftover test tokens now appear as “N/A.” These include early test contracts, expired domains and abandoned experiments from Pi Network’s early testnet phase. Developers confirm this cleanup is part of the final preparation for full Protocol 23 implementation and the Pi DEX launch. 

Removing obsolete tokens helps create a clean environment for live trading, liquidity pools and on-chain activity. Instead of reducing opportunities, the shrinking token list signals that Pi is moving closer to a stable and production-ready ecosystem. A cleaner mainnet means fewer errors, fewer conflicts and better support for real economic activity.

Pi Builds on Utility as DEX and Institutional Access Near

Taken together, the Valour ETP, the mining update and the testnet cleanup tell one story. Pi Network is shifting from theory to structure. Regulated exposure through Valour opens the door to institutions. Mining updates support long-term participation. Meanwhile, DEX preparation strengthens internal utility. Community voices continue to debate price and future listings. However, the current developments focus less on speculation and more on infrastructure. Compliance, token hygiene and real trading systems now take center stage.

For many pioneers, that shift matters more than short-term price chatter. Pi Network is not racing for headlines. Instead, it is laying down layers that allow the ecosystem to function at scale. As December unfolds, attention now turns to the DEX rollout and Protocol 23. If the final steps arrive as expected, Pi could soon enter its most important development phase yet.