Here’s the latest on Pi Network’s Open Mainnet launch and evolving ecosystem: Pi Network officially entered its Open Mainnet on February 20, 2025, enabling real-world transactions, external blockchain connectivity, and expanded developer participation—and by early 2026, over 16 million Pioneers have completed migration, with technical upgrades further unlocking platform potential.
Pi Network’s major milestone came when it transitioned from its enclosed network phase to full public access on February 20, 2025. This Open Mainnet launch removed the firewall, enabling Pi’s blockchain to interact with external systems, wallets, and exchanges for the first time . Before the launch, the project spent years in a controlled environment—starting with mobile mining in 2019, followed by a Testnet in 2020, then the Enclosed Mainnet in December 2021 for KYC and ecosystem maturation .
The launch was underpinned by careful planning: by that date, over 19 million users had completed KYC, over 10 million had migrated to Mainnet, and more than 100 Mainnet-ready apps had been developed . These conditions met the project’s internal “Open Network Conditions,” paving the way for full ecosystem integration .
In early 2026, Pi reached another milestone: more than 16 million users had successfully migrated their mined Pi to Mainnet, including resolving backlog issues affecting approximately 2.5 million Pioneers stuck in compliance or KYC limbo . This followed continuous iterations in the migration process, from first migrations handling base mined Pi and rewards, to upcoming second migrations aimed at referral and additional bonuses .
Innovative steps have also been taken to streamline user access. Palm-print authentication is being trialed as an enhanced identity verification measure for account recovery and KYC reflows, with KYC validator rewards slated for deployment by March 2026 .
2026 is shaping up to be transformative thanks to new developer-focused infrastructure. A protocol v23 upgrade released recently brings faster transaction speeds, smart contract support, and improved system stability—pushing Pi from simple programmable transfers toward a fully functional Web3 ecosystem .
Adding to that, a developer-friendly SDK now enables integration of Pi payments into applications in under ten minutes using popular frameworks like JavaScript, React, and Next.js . As of early 2026, the network supports around 215 active applications, signaling steady growth in real-world utility .
Pi’s price journey has been anything but smooth. Following the Open Mainnet launch, Pi Coin saw sharp volatility. Prices initially spiked—to up to $2–$3 according to some reports—before crashing by more than 70–90%, often falling to around $0.20 or lower .
This tumbling price partly stemmed from KYC and migration bottlenecks, false volume, and skepticism about decentralization and governance . Yet, there’s been renewed optimism. In late 2025, more than 10 million Pi coins were withdrawn from exchanges, signaling increased holding behavior; meanwhile, AI-powered KYC has verified millions of additional users . Combined with feature upgrades, these moves could fuel moderate price recovery through 2026 .
Despite milestones, Pi Network faces considerable hurdles:
Pi Network’s passage from concept to Open Mainnet has been marked—entered live on February 20, 2025—and by early 2026, it counts over 16 million migrated Pioneers, major KYC upgrades like palm authentication, and broader technical enhancements including protocol v23 and developer SDKs. The ecosystem is stretching toward utility, but uncertainties around governance, liquidity, decentralization, and token issuance still cloud Pi’s outlook. Execution over the next few quarters—especially unlocking DeFi, DEX, and smart contracts—will be critical to whether Pi evolves into a truly functional and trusted Web3 platform.
When did Pi Network transition to Open Mainnet, and why is it important?
Pi Network entered its Open Mainnet on February 20, 2025, removing the firewall and enabling Pi’s blockchain to connect externally. This opened gateways for transactions, dApps, and broader system interoperability.
How many users have migrated to the Mainnet so far?
By early 2026, over 16 million users have migrated, including the resolution of about 2.5 million cases previously stuck due to KYC or compliance issues.
What technical upgrades are scheduled for Pi in 2026?
Key updates include the launch of protocol v23—with smart contracts and better performance—plus a rapid SDK for developers. Governance votes later this year may unlock DeFi, DEX, and global payment functions.
Why did PI’s token price drop so dramatically post-launch?
The price crash—snapping from near $3 to under $1—was driven by high sell pressure, unlocked supply, migrations, speculation, and concerns around governance and lack of widespread utility.
What are Pi Network’s biggest challenges heading into the future?
Risks include centralized governance, limited liquidity, token unlocks that could flood exchanges, and uneven adoption of decentralized apps—all of which could stall sustainable growth unless proactively addressed.
This article presents a comprehensive and forward-looking view on Pi Network’s current state and strategic outlook into 2026.
The latest price of ApeX Protocol (APEX) stands at approximately $0.2898 (as of early February…
Texit Coin is currently trading around $0.89 to $0.90, driven by a blend of speculative…
Mcoin is trading at approximately $0.04366, experiencing a modest lift from the previous close. Today's…
The current live price of MCOIN in India stands at approximately ₹4.36 per token, based…
The Fear and Greed Index Crypto, often called the Crypto Fear & Greed Index, is…
1 X Hamster Coin (HAM) is valued at approximately ₹0.000000014014 as of early February 2026—so, yes,…