On February 25th, Pi Network announced the one-year anniversary of its open network launch with a new video message from founder Chengdiao Fan, reaffirming the “practicality-first” development approach. She stated that Pi is different from projects driven by ICOs or short-term speculation, focusing instead on long-term value through mobile mining, real identity verification, and local business applications, with the goal of promoting tangible daily payments and use cases.
Official data shows that approximately 16.2 million users have completed mainnet migration, about 17.7 million have passed KYC verification; the total number of active nodes exceeds 421,000, and over 9 billion Pi tokens have been transferred into mainnet wallets. The ecosystem has launched hundreds of applications, with about 148,000 merchants on the Pi Map e-commerce platform, emphasizing user participation alongside commercial activities rather than solely mining growth.
Fan Chengdiao pointed out that the large KYC user base is key to building a trust layer, which can be expanded into identity infrastructure capabilities like “KYC as a Service.” The team is also working on optimizing the token economic model, integrating AI, and launching a validator reward program, expected later in 2026. She believes that prioritizing real needs is more sustainable than meme coins and price speculation.
Community feedback is mixed. Supporters endorse the “practicality-first” strategy, believing it can improve long-term adoption; however, some users are dissatisfied with the pace of KYC approval, migration progress, and the implementation of decentralization features. Currently, Pi’s price fluctuates between $0.16 and $0.17, with market attention focused on whether ecosystem conversion rates and application activity can support a valuation recovery.
Looking ahead, the team plans to strengthen network utility through node upgrades, ongoing migrations, and ecosystem expansion. If they can convert millions of users into stable daily applications and payment needs, Pi’s mobile-first and KYC-driven approach could develop a competitive edge; otherwise, the tension between delivery pace and market expectations will continue to test community patience.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network's new reward plan offers $0 but sparks frenzy. Can Mobix's promotion of real-world business implementation rewrite the value logic of Pi Coin?
On February 25, news reports indicate that despite the new position offering a $0 salary, the Pi Network community has shown great enthusiasm for Mobix's global expansion plan. According to the latest update, Mobix is encouraging representatives from various countries to participate in building localized commercial networks, promoting Pi's use in real-world payments and circulation, and accelerating the transition from mining incentive models to actual consumer scenarios.
The core of this plan is to establish a "Global Business Layer." Mobix recruits volunteer representatives from different regions to coordinate product delivery, optimize order processing workflows, and improve cross-border transaction communication efficiency. This localized support mechanism aims to reduce transaction friction, enhance the Pi payment experience, and provide infrastructure support for Pi's commercialization. Unlike crypto projects that rely on price speculation, this model emphasizes real commodity exchanges and everyday payment use, reinforcing its positioning as a "practical digital currency."
GateNewsBot46m ago
Pi’s New Job Pays $0… So Why’s Everyone Obsessed?
Mobix's global initiative promotes real-world applications of the Pi Network, enabling users to purchase tangible goods with Pi, fostering commerce and reducing speculation. Local representatives enhance trust and efficiency but may face challenges due to reliance on unpaid volunteers. The initiative aims to establish Pi as a credible digital currency through increased transactions and ecosystem growth.
Coinfomania1h ago
Pi Network Explodes in Growth One Year After Open Network Launch
_Pi Network mainnet users hit 16.2M, KYC tops 17.4M, 148K merchants onboard as Pi Coin trades near $0.16 after $0.20 peak._
Pi Network marked one year since its open mainnet launch with sharp growth in users, nodes, and merchant adoption.
New data shared by the project shows strong expansion a
LiveBTCNews2h ago
Pi Founder Highlights Utility Focus As Open Network Turns One
The Pi Core Team shared a new video message from Pi founder Dr. Chengdiao Fan. She stressed that Pi Network is intentionally different from most crypto projects. In the post, Fan explained that Pi focuses on real-world utility, not short-term trading hype
She said the network aims to build
Coinfomania2h ago
300 million Pi coins have completed mainnet migration! 16 million pioneers are entering the critical period for token claiming
Pi Network recently completed another transfer of 300 million Pi tokens, used to launch the mainnet wallet and support subsequent migration waves. Currently, over 16 million users have completed mainnet migration, and 17 million users have passed KYC verification. This large-scale token transfer marks a further improvement in Pi Network's migration infrastructure, with significantly enhanced backend readiness.
MarketWhisper3h ago
