In this post:
- With more than 13 million users and $100 million in venture funding disclosed, Pi Network celebrates 100 days since the debut of its Open Mainnet.
- Pi Coin suffers below $0.60 with limited trading volume, even with the expansion of the ecosystem and new features like PiFest and.pi Domains.
- As traders watch the June 28 Two-Pi Day for a possible shift in bullish momentum, technical indicators are displaying conflicting indications.
After more than six years of ecosystem development, Pi Network launched its Open mainnet on February 20, 2025, and has now completed its first 100 days. With the introduction, Pi’s blockchain gained external connectivity, allowing for real-time functionality and increasing access for developers, merchants, and more than 13 million mainnet users worldwide.
The price of Pi Coin (PI), which has had difficulty gaining traction and is currently trading below $0.60, did not benefit much from the 100-day celebrations.
With current trade volumes hanging at $77 million, down 35% from the seven-day average, the currency was unable to break the $0.61 resistance indicated by the 50-period exponential moving average.
Pi Day 2025 and a $100 million Pi Network venture fund
A blog article claims that the Pi Foundation established Pi Network Ventures in 100 days, a project supported by a $100 million fund divided between Pi and USD.
According to the Pi team, the project will assist in funding new ventures and companies that expand or include the Pi ecosystem. It further stated that initiatives that promote the Pi coin’s practical uses and commercial use would be given priority by the fund.
Pi Network’s fruit-matching mobile game FruityPi is one of the other ecosystem additions.
Pi Day 2025, held on March 14, was the beginning of the first PiFest event following the Open Network launch. The week-long event, which ran through March 21, brought in more than 125,000 registered merchants, including 58,000 active sellers.
The organization said, “In the first 100 days of Open Network, Pioneers have shown that the widely used, utility-based Pi cryptocurrency is here to stay and grow.”
Over 1.8 million Pioneers used the community-driven “Map of Pi” app during the event, and over 45,000 ratings were left. Real-world commerce inside the Pi ecosystem was tested at PiFest.
Auction prices for pi domains surpass 69,000
Cryptopolitan reported on the opening of the.pi Domains auction last Tuesday, which allowed users and companies to purchase unique domain names inside the Pi ecosystem.
According to the foundation’s report, over 57,000 distinct participants have placed over 123,000 active bids to date. More than 3 million Pi have been staked throughout the ongoing auction process, and there are currently active bids on over 69,000 domains. According to the Pi Foundation, the domains offer user customization, brand visibility, better app discovery, and instant utility.
Since February, Pi Network has also been updating its mainnet ecology interface. Developers no longer need prior whitelist clearance in order to deploy apps using the Developer Portal.
In a move to support monetization, Pi App developers have been invited to apply for the Pi Ad Network. Those selected will join the first group of apps from the pilot program already receiving ad revenue. The network is seemingly building an economically sustainable ecosystem for developers and content creators.
Over 3 million more Pioneers have joined the mainnet since February 20th, bringing the total number of users to over 13 million. With almost 7.4 billion Pi transferred, 5.2 billion locked, and 2.2 billion unlocked, blockchain activity is increasing.
Pi Network’s internal blockchain explorer indicates that more than 400,000 nodes are currently operational across testnet1, testnet2, and the mainnet.
Cryptopolitan Academy: An Upcoming Method for Using DeFi to Generate Passive Income in 2025. Find Out More
