Pi Network Open Mainnet: A New Era for Mobile Crypto

The Pi Network open mainnet, launched on February 20, 2025, at 8:00 AM UTC, marks a pivotal milestone for the mobile-first cryptocurrency project founded in 2019 by Stanford graduates Nicolas Kokkalis and Chengdiao Fan. After years in an enclosed mainnet phase since December 2021, this transition enables Pi coins to be traded on external exchanges, integrated with other blockchains, and used in real-world applications. With over 19 million KYC-verified Pioneers and 100+ decentralized applications (dApps), the Pi Network open mainnet promises to enhance accessibility and utility. However, volatility, scams, and regulatory concerns raise questions about its long-term impact. This SEO-optimized article explores the launch, its features, price movements, risks, and what Pioneers can expect in 2025.

What Is the Pi Network Open Mainnet?

The Pi Network open mainnet refers to the phase where Pi Network’s blockchain, operational since December 2021, removed its firewall to allow external connectivity. Unlike the enclosed mainnet, which restricted transactions to within the ecosystem, the open mainnet enables:

• External Trading: Pi coins can now be listed on exchanges like OKX, MEXC, Bybit, and Bitget, with trading starting February 20, 2025.
• Wallet Transfers: Pioneers can move Pi to external wallets, facilitating real-world transactions.
• dApp Integration: Over 100 mainnet-ready dApps, spanning DeFi and gaming, are now accessible.
• Node Participation: Anyone can run a node, enhancing decentralization.

The launch required meeting key conditions: 15 million KYC-verified users (achieved with 19 million) and 10 million mainnet migrations (surpassed with 10.14 million).

Journey to the Open Mainnet

Pi Network, launched on March 14, 2019, aimed to democratize crypto mining via a mobile app using the Stellar Consensus Protocol (SCP), avoiding energy-intensive hardware. Its roadmap included:

• Beta (2019): User acquisition via mobile mining.
• Testnet (2020): Blockchain testing with global nodes.
• Enclosed Mainnet (2021–2025): Internal transactions, KYC verification, and ecosystem development.
• Open Mainnet (February 20, 2025): Full decentralization and external connectivity.

Delays from 2022 to 2025, initially planned for 2024, sparked skepticism, with some X users calling it a “scam” due to prolonged restrictions and ad revenue concerns. The Core Team extended the KYC and migration deadline to February 28, 2025, to ensure inclusivity, achieving 18 million KYC’d users and 10.14 million migrations.

Price Volatility Post-Launch

The Pi Network open mainnet triggered significant price movements:

• Initial Surge: Pi coin surged 35–80% within hours, reaching $1.97–$3.4 on OKX and Bitget, with speculative IOUs previously at $61–$92.
• Rapid Decline: Prices fell to $0.62 by June 26, 2025, with a market cap of $7.02 billion, reflecting heavy sell-offs by early miners.
• Current Trends: As of June 2025, Pi trades at $0.62, with predictions of a rise to $1.20–$1.21 due to bullish technicals (RSI 52, low ATR of 0.056).

The circulating supply is 5.5 billion Pi, with 4 billion locked, out of a maximum 100 billion tokens (65% for mining rewards, 20% for the Core Team). Volatility was exacerbated by a wallet access suspension on launch day due to a “surge in traffic.”

Key Features and Opportunities

The Pi Network open mainnet introduces transformative features:

• Trading on Exchanges: Listings on OKX, MEXC, and others enable fiat conversions, with Binance considering a listing via a poll ending February 27, 2025.
• dApp Ecosystem: Over 100 dApps, including PiFest 2024’s commerce platform with 27,000 sellers across 160 countries, showcase real-world utility.
• Wallet Activation: KYC-verified users can activate wallets to interact with dApps, even without full migration.
• Business Integration: KYB-verified businesses can accept Pi, enhancing adoption.
• Liquidity Pool: 1 billion Pi coins were allocated to a liquidity pool to stabilize transactions.

X posts highlight excitement for dApp growth and KYC progress (13.7 million migrations by July 2025) but caution against unverified platforms.

Risks and Criticisms

Despite the Pi Network open mainnet launch, challenges persist:

• Scams and Fraud: Post-launch scams, like fake $50-per-Pi offers on Instagram, target users’ passphrases. X posts warn of unofficial IOUs on exchanges like BitMart.
• Regulatory Gaps: Pi lacks listings on major exchanges like Binance and Coinbase due to tokenomics and compliance concerns.
• Volatility Risks: Early sell-offs caused price crashes, and experts warn of further drops if miners cash out en masse.
• Transparency Issues: Critics on Reddit and X question ad revenue motives and delayed launches, with some calling Pi a “scam coin.”
• KYC Struggles: Users report difficulties with verification, risking loss of pre-2024 mined Pi.

The Core Team’s focus on KYC and KYB aims to mitigate fraud, but incomplete migrations remain a hurdle.

Using CoinStats with Pi Network

For users tracking Pi on platforms like CoinStats, the Pi Network open mainnet enhances compatibility. CoinStats supports Pi price tracking on exchanges like OKX, with read-only API access ensuring safety. However, avoid CoinStats’ semi-custodial wallet for Pi due to its 2024 breach risks; use Pi’s official wallet or hardware wallets like Ledger for security.

Best Practices for Pioneers

To navigate the Pi Network open mainnet safely:

• Complete KYC: Verify by February 28, 2025, to secure Pi balances.
• Use Official Channels: Trade only on KYB-verified exchanges listed on minepi.com to avoid scams.
• Secure Wallets: Store Pi in the Pi Wallet or non-custodial wallets, avoiding unverified platforms.
• Monitor Prices: Track volatility on CoinGecko or CoinStats, expecting fluctuations around $0.62–$1.20.
• Engage with dApps: Explore Pi’s ecosystem via the Pi Browser to maximize utility.

Impact on Trading Volume

While you asked about CoinStats’ safety, your interest in “avg daily volume” suggests curiosity about Pi’s trading dynamics. Post-launch, Pi’s trading volume spiked 1,700% on February 20, 2025, but specific daily averages are unreported. For comparison, Amp’s 30-day average volume is $25.74 million. Pi’s volume will likely remain volatile until more exchanges list it and the market stabilizes.

What Does the Pi Network Open Mainnet Mean for You?

The Pi Network open mainnet, launched on February 20, 2025, transforms Pi from an enclosed ecosystem to a tradable cryptocurrency, with listings on OKX and MEXC, over 100 dApps, and 19 million verified users. Despite a 35–80% price surge to $3.4 and a subsequent drop to $0.62, the network’s mobile-first approach and growing ecosystem signal potential. However, scams, regulatory hurdles, and volatility pose risks. By completing KYC, using secure wallets, and tracking prices on platforms like CoinStats, Pioneers can capitalize on opportunities. How will you leverage the Pi Network open mainnet to engage with the crypto market in 2025?