100 days have passed since Pi Network officially launched its Open Network, transitioning from its earlier enclosed phase to a publicly accessible blockchain. During this time, the project has rolled out several new initiatives, grown its user base, and expanded its developer ecosystem. However, despite ongoing development and community activity, the market price of Pi Coin has remained under pressure.
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Ecosystem Milestones Since Launch
According to the Pi Network team, over 13 million users have now migrated to Mainnet. The total amount of Pi migrated exceeds 7.4 billion, of which approximately 5.2 billion Pi is currently locked. The blockchain currently supports over 400,000 active nodes across its Mainnet and test networks.
In March 2025, Pi Network hosted its first post-Open Network PiFest event. The initiative brought together more than 125,000 registered sellers, including 58,000 who were active during the week-long campaign. Around 1.8 million users engaged with the community-led Map of Pi app, and more than 45,000 reviews were submitted by participants.
The network also launched Pi Network Ventures, a $100 million development initiative aimed at funding startups and apps that integrate with or build on the Pi ecosystem. Early efforts have included a focus on gaming, such as the release of FruityPi, a fruit-matching game using Pi payments, Pi Ad Network, and other ecosystem tools.
Another addition was the .pi Domains Auction, launched on Pi Day (March 14). The auction platform allows users and businesses to bid on and own domain-style identifiers tied to the Pi ecosystem. To date, more than 123,000 active bids have been placed, involving over 57,000 unique bidders. The total bidding volume has surpassed 3 million Pi.
Read also: Can Pi Network Token Reach $1,000? A Serious Analysis
Updates to Developer Tools and Infrastructure
Several updates were made to Pi Network’s developer tools and platform interface. Developers can now submit apps directly to the Mainnet Ecosystem Interface via the Developer Portal. The interface itself was redesigned for easier navigation and visibility.
The Pi Ad Network was expanded to include more applications. Selected developers are now generating advertising revenue through the platform. Additional apps have also been added to the Mainnet ecosystem, indicating growing participation from the developer community.
Security and account management features also received updates. Users can now change their registered phone number after completing liveness verification. Two-factor authentication (2FA) for wallet migration and account login has also shifted to email-based systems for broader accessibility. A new password recovery option has been added for users who have a trusted email on file.
Market Performance and Price Trends
Following the Open Network launch, Pi Coin briefly reached prices near $3. However, the price declined sharply in the following weeks and has since fluctuated between $0.50 and $0.70 for much of the past two months. A temporary price increase in April, driven by speculation about a major announcement, was short-lived. After the announcement was revealed to be the Pi Ventures initiative, the price returned to previous levels.
As of today, Pi Coin is trading around $0.54, reflecting a 7.5% drop over the last seven days.
Read also: Pi Falls Below $0.70 After ‘Sell the News’ Reaction to Ventures Launch
Several factors have been cited in community discussions and market commentary regarding the price stagnation. These include the absence of a listing on major exchanges such as Binance, despite Pi winning a Binance community vote earlier in the year. The exchange has not commented on the result or the status of any potential listing.
Pi Network also faces ongoing monthly token unlocks, with over $100 million worth of Pi entering circulation each month according to PiScan. This has added consistent sell-side pressure. Additionally, the project has been the subject of criticism from some industry figures and commentators, particularly regarding its tokenomics and structure. While such claims have not been substantiated with formal regulatory findings, they have contributed to uncertainty in public forums.
Current Status
The Pi Network team continues to emphasize utility-based development, community involvement, and access to digital infrastructure for users around the world. Ongoing projects include further expansion of ecosystem applications, continued growth of the .pi domain platform, and new funding rounds for developer-backed apps.
While the user base and developer activity remain active, market sentiment has not matched the pace of ecosystem updates. The project’s next phase may depend on broader visibility, increased liquidity, and sustained development to support long-term adoption.
