The first quarter of 2025 has been pivotal for Pi Network. With the launch of the Open Network and the debut of the Pi coin, the project has made significant strides towards a fully decentralized ecosystem.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network reached a historic milestone by officially launching the Open Network. This allowed a transition to a fully decentralized system, enabling transactions and ecosystem participation. According to the project updates, more than 10 million users had migrated their balances by mid-February.
Pi Coin Launch: A New Era Begins
The Pi coin was officially launched alongside the Open Network on February 20, 2025. Previously mined coins gained tradable value, but only users who had completed KYC and migration could partake in these new opportunities. The Grace Period was extended several times to permit more users to complete their migration.
Pi Coin Exchange Listings
Following the coin launch, Pi Network quickly established its presence in the crypto market with exchange listings. By late February, the coin was available on several exchanges, including OKX. While trading volumes decreased after the initial surge, the community remains optimistic.
Q1 2025 was a defining period for Pi Network. The launches of the Open Network and Pi coin laid the groundwork for future growth, but the project still faces challenges in technical refinement and market confidence to strengthen its standing.
