Pi Network's Open Mainnet Launch: Ecosystem Expansion, Node Upgrades, and a 50% Price Plunge from $2.10 to $0.84

The long-anticipated launch of Pi Network’s Open Mainnet marks a pivotal moment in its journey from a closed beta to a fully connected blockchain ecosystem. Over six years in the making, this transition has not only unlocked external connectivity for over 57 million Pioneers worldwide but also paved the way for integration with centralized exchanges, onramp services, and a myriad of decentralized applications (dApps). However, despite the groundbreaking technical upgrades, PI Coin’s market debut has been tumultuous—peaking at $2.10 shortly after listing before sliding to $0.84, a 50% drop from its all-time high, as per CoinMarketCap data.

• Pi Network has transitioned from a closed beta to a fully open ecosystem, enabling seamless interaction with external platforms.

• PI Coin surged to an all-time high of $2.10 before plummeting to $0.84, reflecting a 50% decline since launch.

• New KYB and KYC measures are in place to ensure only verified businesses and users participate, reinforcing ecosystem integrity.

• The release of Node 0.5.1 has optimized node performance, reduced CPU strain, and set the stage for public node ranking.

After more than six years of development, Pi Network's Open Mainnet has enabled its vibrant ecosystem to connect with external blockchain networks and traditional financial systems. In a move that further underscores its ambitious vision, Pi Network recently set a new record with a $12.6 billion airdrop—the largest to date, doubling the previous record held by Uniswap. 

With over 57 million registered Pioneers—and growing—the platform now supports over 100 decentralized applications, including projects in decentralized finance (DeFi) and gaming. This enhanced external connectivity is bolstered by the introduction of KYB (Know Your Business) verification for enterprises and KYC (Know Your Customer) protocols for individual users. A dedicated webpage now lists KYB-verified businesses, allowing Pioneers to confidently transact within a compliant ecosystem.

Read more: What Is Pi Network (PI)?

The Open Mainnet phase has also removed previous network restrictions, allowing technically proficient users to add nodes to the blockchain. The newly released Node 0.5.1 update includes several key enhancements:

• Seamless Data Migration: A simple UI button facilitates the transition from Testnet to Mainnet.

• Standardized Public Keys: Preparation for upcoming public node ranking by establishing a consistent public key for all nodes.

• Optimized Performance: Reduced CPU strain and smoother operations ensure more efficient network participation.

These technical improvements are designed to support a more decentralized, secure, and scalable infrastructure as Pi Network integrates with external systems.

PI price chart | Source: Coinmarketcap

The market response to Pi Network’s mainnet launch was dramatic. Shortly after listing, PI Coin soared to an all-time high of $2.10, reflecting the intense excitement among investors. However, within a short span, the coin’s price fell sharply to $0.84—a 50% drop that highlights the volatility typical of new token launches. Trading volumes spiked dramatically, underscoring both the initial investor enthusiasm and the rapid liquidity challenges that followed.

Read more: What Is Pi Network Mainnet Launch Price Prediction?

Despite its technological advancements and expansive user base, Pi Network faces significant scrutiny. High-profile critics, including Bybit CEO Ben Zhou, have openly labeled the project as a potential scam, citing past regulatory warnings and unresolved legal issues. While several major exchanges like OKX, Bybit, BitMart, and others have listed PI Coin, other leading crypto exchanges remain cautious—further fueling debate over the network’s legitimacy and future prospects.

As Pi Network embarks on its ambitious journey with the Open Mainnet launch, the project has introduced significant technological enhancements and expanded ecosystem connectivity. The record-breaking $12.6 billion airdrop and upcoming Open Network Challenge highlight the platform’s commitment to community engagement and broad adoption. However, with these advancements come persistent challenges, including market volatility, regulatory uncertainties, and ongoing debates over the project’s legitimacy.

While the Open Mainnet launch presents a forward step for Pi Network and its global community, investors and users should remain cautious. The dramatic price fluctuations—from a high of $2.10 to a current $0.84—underscore the inherent risks associated with new token launches and emerging blockchain technologies. We remind all readers that digital asset investments carry significant risk, and it is essential to perform thorough research and consider your risk tolerance before making any financial decisions.

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