I just came across some news about Pi Network that’s quite interesting. It seems this network has been continuously developing, especially since it officially entered the market in the beginning of last year.

What’s most important is that Pi Network has launched an official open network, allowing PI to be traded publicly, and multiple exchange platforms have already started offering services. The team has also announced an update to protocol version 19.6 and is preparing version 20, which has been eagerly awaited for a long time. In addition, a new ecosystem token design has been introduced, with the goal of ensuring the token is linked to real-world utility.

An interesting detail is that PI closed last month up, at around $0.17, which clearly indicates an upward trend. The current price remains near that level, and what’s also notable is that PI has ranked second-highest in positive sentiment in the market during this period, behind only Kaspa.

However, there are some things to watch out for. Data shows that there will be a fairly significant token unlock in the coming weeks. March 7 will be the peak unlock date, when nearly 21 million coins will be released. In addition, the amount of PI held on exchange platforms has increased to about 435 million tokens, which could be a negative signal for the price.

Overall, Pi Network, which entered the market earlier this year, appears to have attracted a great deal of community attention. Although there are some challenges in terms of token unlocks and the supply on exchanges, Pi Network’s technical development and ecosystem appear to be progressing well. Next month, Pi Day (14 March ) may bring additional major announcements from the team.