Pi Network Open Mainnet Launches, Ushering in a New Era for Pioneers and PI Coin

Pi Network long-awaited open mainnet is now live, allowing pioneers to freely trade Pi coins and integrate with external networks, triggering major price volatility and speculation about future growth.

After six years of anticipation, Pi Network officially launched its open mainnet today at 8:00 AM UTC, marking a major milestone for the blockchain project. This transition ends the restrictions of the enclosed mainnet, enabling users—known as “pioneers”—to conduct external transactions and trade their Pi coins freely. Within the first hour of launch, Pi coin surged over 40% before experiencing major fluctuations.

Pi Network’s Journey to the Open Mainnet
The Pi Network core development team outlined four key phases of the project: beta testing, testnet, enclosed mainnet, and now, open mainnet.

• Beta Phase (March 14, 2019): Focused on user acquisition and testing mobile mining applications, pioneers mined Pi by tapping their smartphone screens once daily.
• Testnet Phase (March 14, 2020): Node operators were engaged to stabilize the blockchain in preparation for large-scale transactions.
• Enclosed Mainnet (December 2021): Pi blockchain became operational but remained firewalled, restricting external transactions while pioneers completed KYC verification and migrated their Pi holdings.
• Open Mainnet (July 2024): The final transition removed restrictions, allowing full blockchain integration with external networks.

With the open mainnet, developers on the Pi blockchain can now launch decentralized applications (DApps) for broader adoption. While over 100 applications spanning decentralized finance, gaming, and e-commerce have been built within the ecosystem, the development team has yet to announce official DApp deployment dates.

Additionally, pioneers can now transfer their tokens to external wallets and trade them on centralized exchanges like OKX, Bitget, and MEXC, marking a significant step toward mainstream adoption.

Pi Coin’s Price Volatility After Exchange Listings
Following the open mainnet launch, PI’s price underwent sharp fluctuations. According to CoinGecko, the token surged 41% within the first hour, reaching $2.10 before plummeting to $1.30 due to market speculation and FUD (fear, uncertainty, and doubt).

At press time, Pi Coin is trading at $0.90 on OKX and other major exchanges—a stark contrast to speculative IOU valuations of $55 to $70 leading up to the launch. Despite the drop, Pi enthusiasts remain optimistic, predicting the token could reach $300 by August 2025, with a substantial rally expected once developers activate full DApp functionality.

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