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Details: https://www.gate.com/announcements/article/47889
As of January 26, 2026, Pi Network has transitioned into its Open Mainnet phase (launched February 2025), moving beyond the enclosed model to allow public trading and external connectivity. The network currently reports over 60 million registered Pioneers, with approximately 17.5 million having completed KYC and 15.8 million migrating their balances to the blockchain.
Recent technical progress includes the January 2026 activation of Stellar Protocol v25, which introduced smart contract capabilities and ZK-proofs. The ecosystem now hosts over 215 apps, supported by the new Pi App Studio, which recently launched no-code payment integration to accelerate utility. Despite this growth, the PI token faces market pressure, trading around $0.18–$0.20 as the community navigates a significant 134-million-token unlock scheduled for this month.