The first quarter of 2025 has been transformative for Pi Network, with the launch of the Open Network and initial listings of Pi coin on exchanges, heralding a new era for the project.
Open Network Launch
On February 20, 2025, Pi Network achieved a historic milestone with the launch of its Open Network, a fully decentralized system that unlocked new opportunities for participants and trade operations. Over 10 million users migrated their balances to the mainnet, marked by an online event where co-founders shared their vision of making Pi a currency for everyday use.
Beginning of the Pi Coin Era
The official launch of the Pi coin, first endowed with trading value, coincided with the Open Network. Participation required completion of KYC and balance migration, leading to nearly 200,000 daily migrations. However, some mixed reactions arose due to the forfeiture of unverified balances prior to migration.
Pi Coin Exchange Listings
Following its launch, Pi coin quickly appeared on several exchanges, including OKX. These listings allowed participants to trade and exchange Pi, although trading volumes began to dwindle after the initial hype. Despite this, optimism remains in the community, while project leaders emphasize utility over price speculation.
Q1 2025 was a landmark period for Pi Network, achieving several major goals. However, challenges remain, such as technical refinement and market confidence. Expansion of integrations and partnerships is planned for Q2.
