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Cryptocurrency News Articles

Pi Network Made an Unexpected Leap in Finland, a Country Dominated by Global Social Media Giants

May 09, 2025 at 06:10 pm

The Blockchain-based app now ranks sixth among Finland's top free social apps, competing with Instagram, TikTok, and Facebook.

Pi Network Made an Unexpected Leap in Finland, a Country Dominated by Global Social Media Giants

Pi Network has made an unexpected leap in Finland, a country largely dominated by global social media giants.

The Blockchain-based app now ranks sixth among Finland’s top free social apps, competing with the likes of Instagram, TikTok, and Facebook, new data from appfigures.com shows.

What is Driving Pi Network’s Traction in Finland

The rapid ascent from #61 to #6 occurred in the first week of May. The app, which has a 4.4-star rating, has been showcasing the growing momentum behind Pi Network’s mission.

The network is known for its community-driven approach, with users, termed Pioneers, contributing to the network and mining its native cryptocurrency, PI coin. This stands in contrast to typical social platforms that generate revenue through advertising.

“This isn't just an app—it's a movement. For an emerging blockchain project to rival and even outpace apps backed by billion-dollar corporations speaks volumes about the power of community, purpose, and innovation in today's world. The Pi Network is not just a speculative dream—it's an active, growing force that's rising on the global stage,” blockchain analyst Mr. Spock noted.

However, despite the surging interest in Finland, data from Chainmonsters indicates that India, Pakistan, and Nigeria remain the top countries adopting Pi Network.

Ecosystem Update Amid Binance Listing Speculation

This milestone is pivotal for the project as it advances toward its broader goal of rolling out the open mainnet later this year.

The Pi Core Team recently announced that a major ecosystem announcement is set for May 14.

“A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next,” the Pi Core Team shared in a Thursday announcement.

The announcement will build anticipation among the network’s millions of users. Veteran Pi miners are hoping that this upcoming announcement will clarify the network’s migration to the open mainnet.

“As an old miner, we are looking forward to the disclosure of the specific time and details of the migration. The great value of the future still depends on the construction of miners,” a miner commented.

This comes as some Pioneers expressed that they still cannot transfer their mined PI coins from the testnet to the mainnet for use.

Meanwhile, recent on-chain activity has sparked speculation that PI coin may be headed for a Binance listing—arguably the biggest potential catalyst for any digital asset.

As reported by BeInCrypto, wallet activity on Stellar, the underlying blockchain for Pi, has shown signs of preparing for listing infrastructure at Binance.

While neither Binance nor the Pi Core Team has officially confirmed this, the community is closely monitoring any developments.

The app’s viral rise in Finland may be a sign of a larger global wave building behind Pi Network. The network’s unique approach, combining social features, grassroots ‘mining,’ and a mobile-first user experience, may be helping it cut through a saturated app market.

BeInCrypto’s data shows that PI coin was trading for $0.72907 by 10:43 (GMT+8) on Friday, May 12—marking a 16.3% increase over the last 24 hours.

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