Is Pi Network Alive With Hype? A Look Back at 100 Days of Open Mainnet

The Pi Network has just marked an important milestone: 100 days since the launch of its open mainnet. But even as the project progresses with utility, upgrades, and expansion, concerns are emerging about whether the very community that built it, the pioneers, are being left behind in the process. In Dr. Altcoin's video on the YouTube channel Dr Altcoin, he provided a comprehensive overview of the current situation of Pi Network, what has been achieved, and what still needs urgent attention. According to Dr. Altcoin, the mainnet of Pi Network has gone live after six years of development. Since then, it has fully connected with the larger blockchain ecosystem, allowing developers, merchants, and users to trade through the app, online commerce, and peer-to-peer payments using Pi coin. One of the major highlights is Pi Network Ventures, a company that has committed 100 million dollars ( in both Pi and fiat USD) to fund startups focused on using Pi in real-world applications. A strong emphasis is being placed on gaming, and a notable example is Frutti Pie, a fruit-matching game that integrates the Pi wallet, advertising network, and payment system. As Dr. Altcoin said, "It’s not just a game. It’s proof of Pi in action." The Application in the Real World is Happening Dr. Altcoin emphasized Pifest, the first major trade event after the open mainnet launch. Held during the Pi Day week in March 2025, Pifest saw over 125,000 sellers participating and 58,000 active traders. The Map of Pi app also recorded over 1.8 million users with 45,000 reviews, a strong indication that Pi is being used in real-world transactions. Another important implementation is the Pi domain auction, which attracted more than 123,000 active auctions. These domains represent digital identity and ownership in the Pi ecosystem. More than 3 million Pi was used in the auction, reflecting the deep community participation. The Pi ecosystem has undergone several improvements in user experience, especially through the developer portal. Developers can now list applications more easily, and new projects continue to join the mainnet ecosystem. Pi app creators have also started earning money from the growing Pi advertising network. As of now, over 13 million users have migrated to the mainnet. Of the 7.4 billion Pi that have been moved, 5.2 billion remain locked and 2.2 billion have now been unlocked. Meanwhile, the Pi blockchain boasts over 400,000 active nodes, demonstrating the strong security and decentralization of the network. In terms of security, KYC features and a new wallet have been implemented. Users who have verified KYC can now change their phone number, wallet access has been extended, and two-factor authentication has become mandatory. Additionally, there is a new recovery system that uses email to reset passwords. But many pioneers feel left behind. Despite these achievements, Dr. Altcoin does not shy away from criticism. He warns that many long-time users, known as pioneers, still cannot access their Pi balances. Some users who have moved even report that their wallets show a zero balance. After six years of dedication to the project, many pioneers feel disappointed by the continuous delays and technical issues in KYC and migration. Dr. Altcoin emphasizes that the Pi Core Team must act quickly and transparently with its community. He added that the pioneers built the Pi Network from word-of-mouth promotion to participating in the test network and they deserve to be rewarded accordingly. A large amount of Pi that has been mined has yet to be moved due to issues often beyond the control of the users. According to him, "Utilities are powerful, but fairness is the foundation." A Vision with Potential If Everyone Participates Dr. Altcoin concluded his speech with optimism. He believes that Pi Network is on the right track to becoming a truly global cryptocurrency supported by real-world use and a dedicated community. However, he also made it clear that growth without inclusion will not achieve its purpose. The price of Pi coin may not yet be listed on major exchanges and the price of PI is still speculative, but what is being built has real value. The hope is that this process will continue with pioneers at the center, not on the sidelines.