Pine (PINE): Uses, Supply and Risks

Pine (PINE) is associated with Pine Protocol, a non-custodial NFT lending protocol operating on Ethereum and Polygon. The protocol lets borrowers take token loans using NFTs as collateral. This describes the lending service, but it does not establish that PINE itself is required to borrow, lend or provide collateral.

Public sources do not specify a launch date, consensus mechanism or detailed token design. It also does not explain whether PINE has governance rights, fee uses or other protocol functions. Those details matter: a project's activity and the utility of its token are not automatically the same thing. Treat PINE as a token associated with the project, and check current official project materials before relying on claims about what holding it enables.

PINE is a separate asset from Pi Network's PI. Similar names and tickers can lead to confusion, so confirm the token identity and network before transferring or trading it.

Pine Protocol's stated service is NFT-backed lending: borrowers use an NFT as collateral to access a token loan. The project's non-custodial description means the protocol is designed to handle lending without taking custody in the same way a conventional centralized lender would. Smart-contract systems can still carry technical and operational risks, and non-custodial does not mean risk-free.

The publicly public information here do not confirm a specific function for PINE. They do not say that the token is used for protocol fees, governance, rewards, collateral or loan repayment. Do not assume that using Pine Protocol requires owning PINE, or that owning PINE provides access to a particular feature. Check the project's current documentation and verify that any statement refers to the correct PINE token, rather than a similarly named asset.

This distinction is useful when assessing the token: the protocol's NFT lending activity describes a product, while token utility describes what the token itself does. The two should be evaluated separately.

PINE has a maximum supply of 200 million tokens. The reported circulating and total supplies are both 199.575 million, leaving a small difference between the circulating amount and the stated maximum. Supply figures can change, so check current token information when precision matters.

As of 2026-11-05, PINE's price was about $0.00112 and its market capitalization was about $223,000. Reported 24-hour trading volume was about $261. These are time-sensitive snapshots, not fixed values, and thin trading activity can make quoted prices less representative of what a holder could actually receive in a trade. The reported market capitalization and fully diluted valuation were both about $223,000 at that time.

The figures describe market conditions at one point, not the token's future value or the health of the lending protocol. They do not indicate whether PINE is suitable for any particular person. Consider liquidity, token utility and the risks of the underlying protocol independently.

PINE is reported as issued on Ethereum and Polygon; it is not listed as the native token of either chain. A token on one network is not automatically compatible with the same token on another. Before receiving or sending PINE, confirm the network and the official token contract using reliable project information. A transfer to an incompatible network or an incorrect contract can result in lost funds.

For storage, use a wallet that explicitly supports the network and token standard you intend to use. Keep recovery phrases and private keys offline and private, and be cautious of unsolicited messages, fake support accounts and token-approval requests. A wallet displaying a token does not prove that the token is authentic.

PINE carries the usual crypto risks, including price volatility, limited liquidity, smart-contract vulnerabilities, bridge or network risks, and uncertainty about token utility. NFT lending also exposes users to collateral and liquidation rules. Review current protocol terms before interacting, and do not commit funds you cannot afford to lose.