Pi Network Mainnet launch date: February 20, 2025, marking the beginning of a new era

February 20, 2025, is a memorable day in the history of Pi Network. At 8:00 AM UTC, Pi Network officially launched its open mainnet, marking the project’s transition from the “closed network” phase to a new era of “open network.”

The core of this transition lies in removing the firewall from the mainnet blockchain, allowing Pi to securely connect with external systems for the first time.

01 Key Milestones

Since launching the testnet in 2019 and entering the closed mainnet phase by the end of 2021, Pi Network’s development roadmap has been clear and cautious.

During years of preparation, the Pi Network community completed three critical conditions, paving the way for the launch of the open mainnet.

Over 19 million “pioneers” have completed identity verification, far exceeding the original target of 15 million. More than 10.14 million users have successfully migrated to the mainnet, completing the internal circulation readiness of digital assets.

More importantly, within the Pi Browser, the team incubated and verified over 100 mainnet-ready or already launched applications, forming an initial thriving ecosystem.

02 What does open mean?

The launch of the open mainnet is not just a technical change but a fundamental expansion of the project’s economic model and application scenarios.

For a long time, Pi Network users could transfer Pi peer-to-peer internally but could not interact with the external blockchain world.

After opening the mainnet, external connections will become possible. This includes interfaces with other compliant blockchain networks and financial systems, greatly expanding Pi’s practical utility and scope of application.

Users and developers will face a broader but more challenging environment. Know Your Customer (KYC) and Know Your Business (KYB) verification will become standard requirements for participating in mainnet activities, aiming to maintain a secure and compliant Web3 space.

03 Current Market Performance and Data

As of January 22, 2026, Pi is priced at $0.1877 on major exchanges like Gate, up 3.02% in the past 24 hours, indicating some market activity.

Its 24-hour trading volume is approximately $3.01 million, with a total market cap of $1.57 billion, ranking 56th in the cryptocurrency market.

According to Gate’s data, Pi’s circulating supply is about 8.38 billion, with a total supply of approximately 12.89 billion, and a maximum supply designed at 100 billion.

04 Opportunities and Challenges Ahead

Entering the open network, Pi Network faces both opportunities and challenges. On the positive side, an open network will attract more developers, business partners, and liquidity, which is essential for transforming millions of community members into real market value.

Pi Network has a large, verified user base, a rare advantage in crypto projects, providing a solid foundation for building a user-driven ecosystem.

Challenges are also evident. Continuous token unlocking remains a market concern. Some analyses indicate that over 4.6 million PI are entering circulation daily, and this ongoing supply pressure is a major structural resistance to price growth.

Technical price analysis also shows that Pi recently broke below the key psychological support level of $0.20, which may face further testing in the short term.

05 Community and Ecosystem Development

The success of Pi Network fundamentally depends on whether its community can convert the social energy accumulated during the closed network period into real economic activity in the open network.

PiFest 2024 was a successful preview. This week-long event promoted transactions of goods and services using Pi between local merchants and users.

The event attracted over 27,000 active sellers and 28,000 test merchants from 160 countries, with more than 950,000 “pioneers” participating within days, demonstrating Pi’s full ecosystem potential in local business integration.

The project team is also continuously lowering development barriers. In January 2026, they released a unified developer resource library, integrating Pi SDK and backend API, enabling developers to integrate Pi payment features within 10 minutes, aiming to accelerate the construction of the application ecosystem.

Future Outlook

When Pi Network officially opens its doors to the world on February 20, 2025, a digital network that has quietly operated on millions of phones for years begins its first formal dialogue with the real economic world.

The open mainnet is not the end but the beginning of a true test. Pi’s value no longer solely depends on the user scale clicking the lightning button daily but also on whether these users can genuinely use, trade, and trust this cryptocurrency across exchanges, Pi wallets, and countless online and offline scenarios.

Every fluctuation on the price chart records this largest blockchain social experiment in human history, a complex process from idealism to reality.