Pi Network has completed 100 days since it launched its Open mainnet on February 20, 2025, following more than six years of development. The launch allowed external integration with the Pi blockchain, granting access to developers, merchants, and over 13 million mainnet users globally. Despite these milestones, the price of Pi Coin (PI) has remained sluggish, currently trading below $0.60.
Price movement remains limited
Since the Open Network launch, PI’s performance has shown little upward momentum. The coin has failed to surpass the $0.61 resistance, which aligns with its 50-period exponential moving average. Trading volumes have dropped significantly, standing at around $77 million, reflecting a 35 percent decrease from the weekly average. The 100-day milestone did not trigger any significant movement in the coin’s market behavior.
Ecosystem Growth Through Funding and Events
In the same period, the Pi Foundation introduced Pi Network Ventures, a $100 million venture fund allocated in both Pi and USD. The fund is designed to support projects that aim to integrate the Pi blockchain and promote real-world utility. The foundation stated that priority would be given to projects that drive commercial use of the PI token.
The ecosystem also welcomed FruityPi, a fruit-matching mobile game. Additionally, Pi Day 2025 marked the start of the PiFest, which ran from March 14 to March 21. The event attracted over 125,000 registered merchants and 58,000 active sellers. The foundation noted this as a successful demonstration of real-world utility within the Pi Network.
Domain auction and developer tools see active engagement
The ongoing auction of .pi Domains has recorded more than 123,000 active bids from 57,000 unique participants. Over 69,000 domains have current bids, with more than 3 million Pi staked in total. The Pi Foundation noted that these domains enhance user experience through easier app discovery and personalization.
The development process is simplified because developers can now register the applications in the Developer Portal without the required prior approval. It has also introduced the Pi Ad Network that helps monetize apps, so there are already apps that make money out of ad revenue. These changes will create a sustainable economic system of the Pi ecosystem. Ever since the Open Network was rolled out, the mainnet is the location of more than 3 million additional users. The network has attained more than 13 million users, 7.4billion Pi migrated, 5.2 locked, and 2.2 unlocked. It has more than 400,000 active nodes running in the mainnet and test nets.