Pi Network News: Ecological Breakthrough and Future Outlook

As one of the largest decentralized projects in the world in terms of user base, Pi Network has been very active recently, from mainnet launch to ecosystem upgrades, a series of developments that have attracted high industry attention. This article will integrate the latest progress and market signals to analyze its ecosystem construction, technological innovation, and future potential.

Key developments after the mainnet launch

On February 20, 2025, the Pi Network mainnet was officially opened, ending a closed testing phase of 6 years. According to official data, there are currently over 10 million users who have completed asset migration, and the number of mainnet applications has exceeded 100, covering areas such as payment, social, and gaming. This milestone marks a substantial transition for Pi from ‘mobile mining experiment’ to a public chain ecosystem.

Key Highlights:

• Interoperability and Compliance: The mainnet supports the bridging of assets with other public chains, and introduces the KYB (Know Your Business) system to pave the way for traditional enterprises to access Pi Pay;
• Decentralization of Nodes: The team will shut down central nodes and gradually transfer governance rights to the community, while also planning to release the source code to enhance transparency;
• Exchange layout: Gate and other mainstream platforms have launched PI spot trading, with good market liquidity.

Accelerating ecological construction

On May 14, 2025, the Pi Core Team made a major ecological announcement at the Consensus 2025 conference in Toronto, focusing on the following directions:

• Mainnet Open Roadmap: Propose a progressive circulation strategy, including a transfer permission grading mechanism based on “KYC + application usage frequency,” and a Pi-to-Pi transaction pilot in local test areas;
• Developer Incentive Program: Establish an ecosystem fund to support DApp development, with the goal of increasing the number of applications to 500 within the year, focusing on supporting DeFi and social projects.
• Identity Network Integration: Launching the Pi Identity pilot, transforming KYC data into trustworthy on-chain identity (DID), for Web3 Provide underlying support for lending, social, and other scenarios.

This announcement is seen as a key turning point for Pi from “user growth” to “value creation”, and the speed of building its ecosystem loop will directly impact the actual utility of the token.

Market Dynamics: Scarcity Narrative and Price Volatility

Recent Pi Network on-chain data and exchange actions release multiple signals:

• Whale movement: On May 19th, an address labeled as ‘GAS account’ withdrew 14,480,000 PI coins from a CEX, causing a sharp decrease in exchange liquidity. The community believes that this action may signal long-term holding, reinforcing expectations of ‘circulating scarcity’.
• Price Performance: In the early stage of mainnet launch, the PI price fluctuated sharply, once surging to $3 before falling back. The current quoted price on Gate.io is about $0.81, reflecting market divergence;

Technological Upgrades and Future Challenges

Pi Network recently focused on two major directions for technical upgrades:

• Consensus mechanism optimization: based on the Stellar Consensus Protocol (SCP) to improve node incentive mechanism, solving the issue of insufficient early node participation;
• Smart contract test: The development team is advancing the EVM compatibility upgrade to attract Ethereum ecosystem developers to migrate.

Potential challenges are:

• Ecological hematopoiesis capability: The current DApp has less than 50,000 daily active addresses, and there is a need to accelerate the incubation of phenomenal applications;
• Inflation control: In the token model with a maximum supply of 100 billion coins, balancing mining releases and deflation mechanisms remains a challenge.

Future Outlook: From Social Fission to Value Engine

The future of Pi Network will depend on three core abilities:

• User activation: Convert 60 million registered users into active participants on the chain;
• Ecological collaboration: integrating into the mainstream DeFi market through cross-chain cooperation (such as bridging with Solana, Ethereum);
• Compliance narrative: Expand traditional business scenarios with the help of the KYB system, such as cross-border payments and financing for small and medium-sized enterprises.

Industry analysts predict that if Pi can achieve technological stability and ecological outbreak by 2025, its market value is expected to enter the top 20 of cryptographic assets, otherwise it may face the risk of user loss.

The current Pi Network is at a crucial juncture of ‘vision realization.’ Whether it’s the strategic announcement on May 14th or the whale’s on-chain actions, they all point to a more open and practical ecological future. For the community, participating in ecological construction rather than short-term arbitrage may be the only path to share long-term dividends.