The Pi Network released its Open Mainnet on February 20, 2025. The milestone allows for trading of its cryptocurrency, Pi Coin (PI), on big exchanges like OKX, Bitget, and BitMart. Pi Coin jumped in price following the launch, increasing over 35%, to approximately $1.85.
Pi Coin Trading and Market Reaction
The transition from Enclosed Mainnet to the Open Mainnet has created a huge buzz around Pi Coin. Trading was opened shortly after launch, and large exchanges supported it.
OKX began spot trading of PI/USDT, and Bitget had a $60,000 airdrop pool to incentivize user participation. BitMart also opened PI trading pairs, where it was offering a $3,000 USDT reward to lucky users.
It is reported that the value of Pi Coin first surged to an all-time high of $1.97 in the first hour of trading. It steadied at around $1.85 later and is currently trading at $1.17.
The experts say this is because the market is attempting to find a sustainable price in the face of intense speculative demand.
Community Engagement and Future Prospects
There are more than 100 million registered Pi Network users who are backed by a huge community that is powering its expansion. There were thousands of users being used in the marketing campaigns prior to launch, and that gave way to a large volume of trades. The community support gives rise to long-term success for the project, as it is aimed towards building practical applications for the PI token.
In order to do this, the Pi Network will develop decentralized applications (dApps) and merchant partnerships so that payments can be made in PI. Security and compliance with regulations must also be met to gain people’s trust and have long-term sustainability.
The Open Mainnet launch of the Pi Network is a highlight in its history. With significant trading volume and an active user base, there is room for growth for the project. Its success in the long term will depend on discovering use cases for PI tokens and retaining users in an open competition of cryptocurrencies.
