Pi Network has achieved significant milestones in its Open Network phase, surpassing 13 million users globally. Within the first 100 days of mainnet launch, 3 million users migrated to the blockchain, supported by a decentralized infrastructure of 400,000 active nodes.
The ecosystem continues to expand with new initiatives including Pi Ventures investment arm, FruityPi gaming platform, and Pi Domains naming service. These developments are backed by a $100 million ecosystem fund aimed at supporting startups and accelerating project development.
Despite ecosystem progress, Pi Coin faces market challenges with current trading at $0.53 following a 30.4% monthly decline. Public interest has waned according to Google Trends data, while community concerns persist regarding limited exchange listings, unresolved KYC processes, and scarcity of mainnet-ready decentralized applications.
Upcoming community events like Pi2day are anticipated to address these challenges and reinvigorate engagement within the network.