PCoin targets one block every 10 min. Measured over the last 100 blocks it is producing one every 9 min 25 s — 0.94× the target, i.e. close to target.

Mean seconds per block by window: last 10 blocks 11 min 36 s · last 50 blocks 10 min 5 s · last 100 blocks 9 min 25 s · all 6,619 blocks 7 min 32 s.

The lifetime average of 7 min 32 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.