After years of anticipation, Pi Network has officially launched its mainnet—an event that marks a pivotal moment in the project’s evolution. As of February 20, 2025, users can now freely trade, transfer, and utilize Pi Coin in real-world applications. This transition from a closed ecosystem to an open blockchain network unlocks new possibilities for millions of users worldwide who have mined Pi since its inception.
The launch signifies more than just technical progress; it represents a shift in utility and value. Previously, Pi Coin existed only within the app as a non-transferable digital asset. Now, with mainnet activation, it enters the broader cryptocurrency market as a tradable token. This milestone has sparked widespread excitement—and speculation—across the crypto community.
👉 Discover how decentralized networks are reshaping digital ownership and access.
Explosive Growth in Interest and Adoption
Pi Network has rapidly become one of the most searched crypto projects online. According to Google Trends data, global search interest for “Pi Network” surged to a maximum score of 100 this week—up from 57 just days earlier. This meteoric rise reflects growing curiosity and engagement from both new and existing users.
The mobile app has surpassed 110 million downloads, cementing its place among the top social apps on Google Play. In the days leading up to the mainnet launch, user growth accelerated dramatically: over 540,000 new users joined on February 17 alone. These figures highlight the network effect already in motion, driven by grassroots adoption and peer-to-peer onboarding.
As stated by the Pi Core Team on social media:
"Pioneers, Open Network will launch at 8am UTC on February 20, 2025! With millions of KYC-verified Pioneers and a thriving utilities-driven ecosystem, Open Network expands available opportunities, which allows Pioneers to connect Pi with external systems for use in real-world…"
This shift is not just about technology—it's about accessibility. By focusing on mobile-first mining and low-barrier entry, Pi Network has attracted a diverse global user base, particularly in regions where traditional banking infrastructure is limited.
Exchange Listings and Market Volatility
With the mainnet live, several major exchanges have moved quickly to list Pi Coin. OKX and Bitget are among the first to support trading, providing early liquidity for holders. However, Binance has not yet confirmed listing, though a community vote is currently underway to determine whether Pi Coin will be added.
Market reactions have been volatile. Prior to the official launch, informal IOU markets saw Pi Coin prices spike above $200**, fueled by speculation. Since going live, the price has settled between **$30 and $40, though fluctuations remain sharp due to uncertainty around supply distribution and exchange availability.
Three Potential Price Scenarios
Experts are watching closely as the market stabilizes. Here are three plausible outcomes for Pi Coin in the coming weeks:
- Bullish Surge ($120+)
If Binance and other top-tier platforms approve listings, demand could skyrocket. Institutional interest and increased trading volume may push prices well above current levels. - Sell-Off Pressure ($17 or Lower)
A large number of early adopters might choose to cash out quickly, flooding the market with supply. Without sustained buying pressure, this could lead to a sharp correction. - Gradual Stabilization (Current Range)
Prices may hold steady around $30–$40 if adoption grows organically through real-world use cases rather than speculation. This scenario depends heavily on ecosystem development and merchant integration.
Investors should remain cautious and monitor exchange decisions closely, as these will significantly influence short-term price action.
👉 See how emerging blockchain networks gain traction on global exchanges.
Introducing the Open Network: A New Era of Utility
The mainnet launch ushers in what Pi Network calls the Open Network—a fully functional blockchain layer that enables external integration. For the first time, businesses and developers can build applications on Pi’s blockchain, accept payments in Pi Coin, and connect with decentralized finance (DeFi) tools.
A key feature of this phase is KYC (Know Your Customer) and KYB (Know Your Business) verification. Only verified individuals and entities can transact or operate services within the network. This adds a layer of regulatory compliance while helping prevent fraud and Sybil attacks.
Additionally, only 1 billion Pi Coins out of the estimated 9.7 billion mined so far are immediately available for circulation. The rest remain locked under migration rules and will be gradually released based on user verification and network maturity. This controlled release aims to prevent inflationary shocks and support long-term value stability.
Challenges Ahead: Sustainability and Trust
Despite its momentum, Pi Network faces skepticism from parts of the crypto community. Critics draw comparisons to past viral projects like Hamster Kombat, which gained rapid attention but failed to deliver lasting utility or value.
However, Pi Network differs in several key ways:
- It has a proven user base with years of sustained engagement.
- The team has emphasized real-world utility, partnering with merchants and service providers.
- Its mobile-native approach lowers barriers to entry for non-technical users.
Moreover, Pi Network ranks among the most engaged blockchains on social media—surpassing even established platforms like BNB Chain and Ethereum in certain metrics. This organic reach gives it a unique advantage in driving adoption beyond niche crypto circles.
Still, long-term success hinges on continued innovation, transparent governance, and expanding use cases beyond speculation.
Frequently Asked Questions (FAQ)
What does the Pi Network mainnet launch mean for users?
The mainnet launch means Pi Coin is now a fully functional cryptocurrency. Users can transfer coins between wallets, trade on exchanges, and use them for purchases where accepted—all without restrictions previously imposed during the enclosed network phase.
Can I withdraw my Pi Coins now?
Yes, verified users who have completed KYC can now migrate their mined Pi to the mainnet wallet and transfer or trade them freely through supported exchanges like OKX and Bitget.
Why isn’t Pi Coin listed on Binance yet?
Binance has not made an official decision. A community voting process is currently ongoing to gauge user interest. Final approval depends on technical review, market demand, and compliance factors.
How many Pi Coins are in circulation?
Approximately 1 billion Pi Coins are currently available for trading. The total mined supply is around 9.7 billion, but most remain locked until users complete verification and migration.
Is Pi Coin a good investment?
Pi Coin remains highly speculative. While the mainnet launch adds legitimacy, price volatility is high. Investors should conduct thorough research and consider risks before participating.
How does Pi Network prevent fake accounts?
Through a combination of social graph security, KYC verification, and anti-bot mechanisms, Pi Network limits fake or duplicate accounts. Only verified "Pioneers" can fully participate in the Open Network.
👉 Learn how blockchain verification systems protect digital ecosystems.
Final Thoughts: The Journey Has Just Begun
The Pi Network mainnet launch is more than a technical upgrade—it's a foundational step toward building a decentralized economy accessible to everyday people. With over 110 million users, strong social engagement, and growing exchange support, Pi Coin now enters the competitive world of cryptocurrencies with both momentum and scrutiny.
Its future will depend not on hype alone, but on real adoption: how many merchants accept it, how developers build on its chain, and how consistently the core team delivers on promises.
For users and investors alike, this moment calls for informed optimism—balancing excitement with caution as the next chapter unfolds.
Core Keywords:
Pi Network, Pi Coin, mainnet launch, Open Network, cryptocurrency exchange listing, KYC verification, blockchain adoption, decentralized economy