KEYTAKEAWAYS
- Pi Coin saw high volatility after its mainnet launch but showed resilience, breaking key resistance levels and signaling potential for further growth.
- The Pi ecosystem remains in its early stages, with limited dApps and most applications lacking official verification or blockchain integration.
- Future growth depends on adoption, as the Pi Network must attract developers and create real utility for its ecosystem to thrive.
CONTENT
The Pi Network mainnet is live, and Pi Coin is now tradable on major exchanges. Despite price fluctuations, its ecosystem is evolving, with potential for growth in dApps and blockchain adoption.
The long-awaited Pi Network open mainnet finally went live on February 20, 2025, marking a major milestone for the ecosystem. At the same time, Pi Coin was officially listed for spot trading on major exchanges such as OKX, Bitget, and Gate.io, drawing significant market attention.
PI COIN MARKET STATUS & PERFORMANCE
Following the Pi Network mainnet launch on February 20, Pi Coin initially experienced heightened market interest but saw a brief price decline. However, despite broader crypto market volatility, Pi Coin demonstrated strong rebound momentum.
On February 27, Pi Coin hit an all-time high of $3 before undergoing a correction, dropping to a low of $1.7. However, market trends indicate that Pi Coin successfully broke through a long-term descending trendline and is now attempting to reclaim the key resistance level at $1.95.
From a technical analysis perspective, current indicators suggest Pi Coin still holds upward potential:
- Relative Strength Index (RSI) has surpassed 50, signaling growing buying pressure.
- Moving Average Convergence Divergence (MACD) has crossed above the zero line, indicating a shift in market momentum to the positive side.
While the price trend is not yet fully confirmed, the overall technical outlook suggests that Pi Coin has room for further growth, with market sentiment gradually improving.
>>> More to read: What is Pi Network & PI Token?
PI NETWORK ECOSYSTEM: CURRENT STATUS
While the Pi Network mainnet launch has fueled excitement, Pi Coin’s market price still falls short of some pioneers’ psychological expectations. However, discussions around “holding and not selling cheaply” remain highly active within the community. Many Pi supporters believe that the official team has yet to take significant action and that the ecosystem’s future development could bring substantial growth potential.
But what is the actual state of the Pi Network ecosystem today? And what are the potential growth drivers for the future?
📌Core Ecosystem Applications: Current Status and Functions
✅Pi App: The Foundation of Mining
As the core application of Pi Network, anyone can download the official Pi Network App and continue earning Pi Coins by simply logging in and tapping daily. Users can further boost their mining efficiency by inviting friends, locking up Pi, or running a node.
✅ Pi Wallet: Asset Storage and Transactions
The Pi Wallet is the official cryptocurrency wallet developed by Pi Network, allowing users to store Pi Coins and conduct internal transfers. With the mainnet launch, Pi can now be transferred to external exchanges such as OKX for spot trading. However, withdrawing Pi Coins requires completing a full KYC (Know Your Customer) verification process.
✅ Pi Browser: The Gateway to the Pi Ecosystem
The Pi Browser is an official browser developed by the Pi Network team that allows users to access their Pi Wallet, view the official Pi blockchain explorer, and interact with Fireside (Pi’s social platform) and Pi Chats (Pi’s chat application). Additionally, Pi Browser serves as the primary gateway for users to explore dApps (decentralized applications) within the Pi ecosystem.
📌 Pi Network: Are They Truly Blockchain-Based?
Currently, Pi Browser provides access to various ecosystem applications, mainly covering marketplaces, games, and social platforms. However, after reviewing the available applications, several key observations emerge:
- The total number of applications listed is fewer than 20, far from the “over 100 apps ready for mainnet” as claimed by the official team.
- Most applications are not officially verified and display the message: “This is not a Pinet app.”
- Many of these applications appear to be web-based services created by the community for offline users, rather than actual blockchain-powered dApps.
This indicates that while Pi Network boasts a massive community, its blockchain ecosystem is still in its infancy, and truly impactful dApps have yet to emerge.
>>> More to read: How to Complete KYC on Pi Network
PI NETWORK FUTURE DEVELOPMENT POTENTIAL
Regarding future ecosystem applications, the Pi Network team has yet to provide a clear roadmap, despite their claims of having over a hundred applications ready for integration into the mainnet. The market remains cautious, awaiting evidence of real-world utility and adoption.
If Pi Network can successfully attract developers to build high-quality blockchain applications and establish sustainable ecosystem incentives, its long-term growth potential remains promising. However, until these applications materialize, the community and investors will continue to watch closely to determine whether Pi Network can evolve beyond its large user base and deliver tangible ecosystem value.
