The first quarter of 2025 marked a significant milestone for Pi Network, with the launch of the Open Network and the appearance of Pi coin on exchanges.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network reached a significant milestone by launching the Open Network. The project transitioned to a fully decentralized system after operating in a closed mainnet, where Pioneers mined Pi coins without trading capabilities. This step opened doors for transactions and ecosystem participation. The launch culminated years of preparation, including the verifications and migration of user balances to the mainnet, reaching over 10 million migrated users by mid-February.
Pi Coin Launch: A New Era Begins
The official launch of the Pi coin began concurrently with the Open Network on February 20, 2025. During the closed network phase, mined coins held no trading value, but the launch changed the scenario for users who completed KYC and migrated their balances. The project extended the KYC grace period several times in Q1—first to January 31, then to February 14, and finally to March 14—averaging nearly 200,000 migrations daily at peak.
Pi Coin Exchange Listings
Following the launch, Pi Network secured its place in the crypto market with exchange listings by late February. OKX was among the first major exchanges to list the coin. These listings allowed Pioneers to buy, sell, and trade Pi. The market response was varied, with trading volumes tapering off after the initial surge of interest.
As the first quarter of 2025 concludes, Pi Network has entered a new phase of growth. The Open Network launch and its presence on exchanges set a foundation for expansion, though challenges like technical refinements and market confidence remain. Plans include expanding app integrations and merchant partnerships in the upcoming quarters.
