Latest News About Pi Network (May 2025)

Mainnet Launch & Migration Progress

Pi Network officially transitioned to its open mainnet on February 20, 2025. This move allows external transactions, potential exchange listings, and broader decentralized app (dApp) integration. Over 12 million users have completed Know Your Customer (KYC) verification, nearing the 15 million target necessary for the mainnet rollout.

Price Volatility & Market Concerns

Following the mainnet launch, Pi Coin experienced dramatic price fluctuations. It peaked at $3 but dropped by more than 80%, stabilizing between $0.58 and $0.63 in early May. There are concerns about centralization, as the Pi Foundation retains a large portion of the coin supply, raising issues of transparency and network control.

Ecosystem Fund & Community Backlash

In May, Pi Network introduced a $100 million ecosystem fund aimed at expanding its developer and user base. However, many users criticized the move, citing delayed dApp releases, unfulfilled referral rewards, and lack of clarity around advertisement revenue usage.

Current Status & Outlook

Despite setbacks, Pi Network continues enhancing its infrastructure through the deployment of Testnet 2 and further dApp ecosystem development. The community remains divided—some users express doubt while others stay optimistic about Pi's long-term viability.