PCoin targets one block every 10 min. Measured over the last 100 blocks it is producing one every 9 min 58 s — 1.00× the target, i.e. close to target.

Mean seconds per block by window: last 10 blocks 13 min 55 s · last 50 blocks 9 min 39 s · last 100 blocks 9 min 58 s · all 7,962 blocks 7 min 57 s.

The lifetime average of 7 min 57 s is an artefact, not a track record, and so is any window longer than about a hundred blocks: heights 0 to 2015 were mined at the minimum difficulty roughly a minute apart, and the difficulty only began adjusting every block at height 2800. Read the recent window, not the average.

LWMA retargeting is active (since height 2,800): the difficulty now adjusts every block.