The first quarter of 2025 marked a pivotal period for Pi Network, highlighted by the launch of the Open Network and the debut of Pi Coin.
Open Network Launch
Pi Network reached a historic milestone on February 20, 2025, with the official launch of the Open Network. Initially operating in a closed network where participants mined coins without trading capabilities, the transition to a fully decentralized platform opened new possibilities for transactions and ecosystem participation. By early January 2025, over 9 million users had completed KYC verification and migrated to the new network, surpassing 10 million by mid-February.
A New Era with Pi Coin
The official launch of the Pi Coin occurred alongside the Open Network. During the enclosed phase, mined coins had no tradable value, but this changed for verified users. To accommodate more users, the project extended KYC and migration deadlines multiple times during the first quarter. At peak times, nearly 200,000 migrations occurred daily.
Pi Coin Exchange Listings
Pi Network quickly entered the cryptocurrency market with exchange listings appearing by late February. OKX was among the first exchanges to list the coin, with plans for further listings in Q2. These actions allowed Pi to establish a market presence, despite the volatility and reduced trading volumes following the initial surge.
Q1 2025 proved to be a crucial stage for Pi Network, with the Open Network launch and initial Pi Coin listings. Despite challenges, the project continues to evolve, with plans for expanding partnerships and integrations in the second quarter.
