The first quarter of 2025 marked a transformative period for Pi Network as its 60 million-strong community witnessed the launch of the Open Network and Pi Coin, heralding a new chapter in its decentralized ecosystem.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network reached a significant milestone with the official launch of the Open Network. This transition to a fully decentralized system followed an enclosed mainnet phase, where Pioneers mined Pi coins on their phones without trading capabilities. The company emphasized KYC verification and user balance migration to the mainnet, achieving over 10 million migrations by mid-February. Co-founders Nicolas Kokkalis and Chengdiao Fan expressed their goal to make Pi a currency for everyday use.
Pi Coin Launch: A New Era Begins
The Pi Coin officially launched alongside the Open Network on February 20, 2025. During the enclosed mainnet phase, mined coins held no tradable value, but the launch changed that for verified users. The project extended the KYC and migration grace period several times to allow more users to join. Despite some discussions about the unverified balances, the time given for migration showed strong community engagement.
Exchange Listings and Outlook for Pi Network
After the coin launch, Pi Network quickly established itself in the crypto market with exchange listings. By late February, Pi was listed on several platforms including OKX. These listings enabled the community to buy, sell, and trade Pi, establishing its market presence. However, the market response was varied, and trading volumes declined after the initial hype. The company focuses on development rather than price speculation.
As Q1 2025 comes to an end, Pi Network stands at the threshold of significant changes. The launch of the Open Network, debut of Pi, and exchange listings have laid the foundation for growth, yet challenges like technical refinements and market confidence remain ahead.
