- Pi Network ecosystem is expanding rapidly, with over 13 million Mainnet users and major upgrades driving real-world adoption, yet its PI token remains under pressure, down over 30% in the past month.
- Despite new developer tools, a $100 million venture fund, and surging network activity, critics question Pi Network’s transparency and tokenomics as it struggles to secure major exchange listings.
Pi Network grows fast, but will surging real-world adoption be enough to turn the tide for its lagging token?
Three months after opening its blockchain to the public, PiNetwork has seen rapid ecosystem growth — yet the price of its native token, PI, remains under pressure.
As of this writing, PI trades at $0.5517, up 2.28% in the past 24 hours, but still down more than 30% over the past month. This underperformance is especially notable as the broader crypto market shows signs of recovery, with Layer 1 competitors outpacing Pi in price action.
Google Trends data also reflects declining retail interest — searches for “Pi Network” have dropped to just 8 — highlighting a cooling in market hype, even as the network’s fundamentals strengthen.
Also read: BNB Price Outlook: Will Recent Network Upgrades and Whale Activity Fuel a Breakout?
A 100-Day Sprint Toward Real-World Adoption
Pi Network’s transition to an open-access blockchain in February 2025 marked a major inflection point. After years in a closed beta phase, developers, businesses, and users now interact directly with the blockchain — driving significant user growth and utility.
In just 100 days, Pi Network added over 3 million new Mainnet users, surpassing 13 million in total. The network also boasts more than 400,000 active nodes across Testnet1, Testnet2, and Mainnet — building what many describe as one of the most decentralized infrastructures in the crypto space.
Meanwhile, 7.4 billion Pi have migrated on-chain: 5.2 billion locked, 2.2 billion unlocked.
“Behind every great blockchain is a decentralized army,” one community member wrote. “Pi Network has built one of the most robust, resilient, and secure distributed infrastructures.”
Ecosystem Upgrades Drive Developer Adoption
To further fuel adoption, the Pi Core Team has upgraded its Ecosystem Interface, streamlining app onboarding and making the platform more user-friendly. The introduction of the Pi Ad Network allows developers to monetize apps directly within Pi’s growing ecosystem.
One standout success is the ongoing Pi Domains Auction, which has drawn 123,000+ active bids from over 57,000 participants, generating more than 3 million Pi in bids so far.
In May, PiNetwork also launched Pi Network Ventures, a $100 million fund designed to accelerate real-world use cases. One early project is FruityPi, a community-built fruit-matching game supporting Pi’s expansion into gaming.
Challenges and Skepticism Remain
Despite this momentum, skeptics remain cautious. Some criticize the Pi Core Team’s perceived lack of transparency regarding tokenomics and exchange listings.
As crypto influencer Dr. Altcoin noted in March:
“It’s likely the Pi Core Team has not been transparent enough about the locking and burning mechanisms involving billions of Pi coins. This may be why Pi is not yet listed on major exchanges like Binance or Coinbase.”
What’s Next for Pi Network?
As Pi Network’s real-world utility grows, the coming months will be pivotal. Can sustained ecosystem expansion and user engagement turn the tide for PI’s price action? Or will skepticism and exchange delays continue to weigh on the project?
With volatility high and the ecosystem evolving rapidly, the next phase of Pi Network’s journey is one the crypto world will be watching closely.