Pi Network launched its Open Mainnet on February 20, 2025, after nearly four years in beta and a closed testnet phase. This milestone allowed users to transfer Pi tokens to external wallets and exchanges, enabling real trading. By May 2025, Pi Network reported a user base exceeding 60 million, with over 19 million users completing KYC verification. The ecosystem has begun to grow with more than 25 community-built decentralized apps (dApps), including innovations like Pi domain auctions and the PiFest shopping marketplace. Additionally, the core team has launched a $100 million Pi Network Ventures fund to support further dApp development and ecosystem expansion.
Despite these advances, the project still faces challenges. Smart contract support is not yet available, the codebase remains closed-source, and only 23 validator nodes are active, raising concerns about centralization. The team has promised to improve decentralization and hinted at open-sourcing the code soon.
Pi Coin Price Overview and Prediction
At launch, Pi was traded in IOU form with prices stabilizing between $61 and $70. Price predictions for Pi vary significantly depending on market conditions:
* Bearish scenario: Price might fall to $10–$20 due to selling pressure and cautious investor sentiment.
* Neutral scenario: Price stabilizes between $50–$100 with balanced supply and demand.
* Bullish scenario: If adoption surges and exchange listings multiply, Pi could potentially reach $150–$300 within the first year after launch.
Current on-chain metrics signal a controlled token release strategy: 5.1 billion Pi tokens are locked, and 1.7 billion remain unlocked, with a total of 6.8 billion tokens in circulation, indicating active user participation and liquidity.
Price forecasting models using ARIMA and LSTM suggest an initial price consolidation or decline due to selling pressure, followed by potential upward trends driven by improving market sentiment and the broader cryptocurrency market environment. However, these models are speculative and do not guarantee future results.
Risks and Considerations
Investors should consider several risks:
* Discrepancies in active user numbers versus reported totals.
* Inflation risk due to an increasing circulating supply without a fixed cap.
* Centralized control by the core team and ongoing privacy concerns related to mandatory KYC.
Pi Network Price Chart
Below is a conceptual price chart summarizing Pi’s price action post-mainnet launch and projection scenarios:
(Note: This chart is illustrative based on available data and projections.)
This overview captures Pi Network's recent mainnet launch, ecosystem progress, and price prediction landscape as of mid-2025. While promising in many aspects, Pi remains a project in development with inherent risks needing careful consideration.
