Pi Network Goes Open: A New Era Begins*
On February 20, 2025, Pi Network officially transitioned to the Open Network, marking a significant milestone. This shift allowed unrestricted transactions, enabling Pi to function as a fully decentralized cryptocurrency.
Mainnet Migration Milestone
Since the launch, over 10.14 million Pioneers successfully migrated to
Mainnet, surpassing the initial 10 million target. Additionally, over 19 million users have completed identity verification, strengthening the network’s security and legitimacy.
Protocol Upgrades and Scalability Enhancements
Pi Network introduced Protocol Version 19, integrating Layer 2 solutions to enhance transaction speed and scalability. This upgrade also introduced cross-chain interoperability, allowing Pi to interact with other blockchain ecosystems. Transaction fees were significantly reduced to 0.00001 Pi per transaction, making digital payments more accessible.
PiFest 2025: Boosting Real-World Adoption
In April 2025, Pi Network hosted *PiFest, a global event showcasing Pi’s usability in commerce. The event attracted *over 27,000 active sellers and 28,000 test merchants across 160 countries, with participation from 950,000 Pioneers. This demonstrated Pi’s potential as a practical payment method.
Institutional Interest and Market Growth
Pi Network’s expansion has drawn attention from institutional investors, including Ulu Ventures, Designer Fund, and 137 Ventures. Their involvement signals growing confidence in Pi’s long-term viability.
What’s Next for Pi Network?
Looking ahead, Pi Network aims to further integrate *business partnerships, expand its **ecosystem, and refine its *tokenomics to support sustainable value. The community remains engaged, with ongoing discussions about future developments.
Very good, let’s gooo pi