The first quarter of 2025 marked a key period for Pi Network, highlighting the start of a fully decentralized ecosystem.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network reached a landmark with the official launch of its Open Network. The project transitioned from an enclosed mainnet to full decentralization, allowing participants to engage in transactions and ecosystem activities. Preparation included user KYC verification and balance migration to the mainnet.
A New Era Begins with Pi coin Launch
Alongside the Open Network, Pi coin officially launched on February 20, 2025. Verified users gained the ability to trade their mined coins. Provisions were made to extend KYC and migration periods, at peak times nearly 200,000 migrations occurred daily, yet unverified balances before deadlines were forfeited.
Pi Coin Exchange Listings
Following the coin launch, Pi Network quickly secured listings on several cryptocurrency exchanges. OKX was among the first major platforms to allow Pi trading. Despite mixed user reactions and reduced trading volumes after the initial hype, there is hope for growth.
As Q1 2025 ends, Pi Network is poised for growth through the Open Network launch and exchange listings. However, it faces technical and market challenges that require addressing in future developments.
