Can Pi Network grow explosively in 2025? Must-read for investors: The 100 billion-level blockchain project opened in a shocking opening | Main network opens |

Pi Network explosive growth in 2025! Investors must read: The 100 billion-level blockchain project is coming in shock - main network upgrade + global cooperation, can Pi become the next Bitcoin? 1. Main Network Opening: The historic span from "mobile mining" to "global circulation" On February 20, 2025, Pi Network officially launched the opening of the main network, marking the entry of this blockchain project with 47 million users into a new era. The main network has exceeded 10 million users, KYC certified users have reached 19 million, and the token Pi has begun to circulate on exchanges such as Gate.io and OKX, with the peak daily trading volume exceeding US$500 million. This milestone progress has upgraded Pi from a "test network" to a public chain with real value transfer capabilities, and its market value has quickly climbed to US$7.8 billion, ranking among the top 20 cryptocurrencies in the world. Technology breakthrough and ecological expansion Pi adopts the improved Stellar Consensus Protocol (SCP) to achieve low-energy consensus through the Federal Byzantine Agreement (FBA), and mobile phones can participate in verification. After the main network is opened, cross-chain module testing will be launched, and asset interoperability with Ethereum and Solana will be achieved in the third quarter. The developer community exploded simultaneously, with the deployment of smart contracts exceeding 100,000, covering DeFi, NFT, cross-border payment and other fields. For example, the US real estate company Zito Realty has accepted Pi's payment for the purchase of a house, with a single transaction amount exceeding one million US dollars, marking Pi's penetration from "daily micropayment" to "high-value asset scenarios". In the early stage of the opening of the main network, the price of Pi coins once soared to $1.5-2 due to community speculation, but then plummeted due to the sell-off of 12 million tokens, and the price was cut to $0.6. The current price fluctuates in the range of US$0.6-1.1, with a market value of approximately US$7.8 billion. This fluctuation reflects the market's dual attitude towards Pi: on the one hand, the huge user base (60% of Southeast Asia) and partners (such as BNP Paribas) bring room for imagination; on the other hand, insufficient decentralization of technology (the core team still controls supernodes) and internal selling risks have caused doubts. 2. Global cooperation and scenario implementation: Pi's "real economic" penetration path 1. Traditional financial giants enter: Cross-border payment revolution with BNP Paribas In May 2025, Pi Network reached a strategic cooperation with BNP Paribas, focusing on digital identity authentication and cross-border payments. Through the Pi public chain verification of user KYC data, the two sides developed low-cost remittance channels in Africa and Southeast Asia, and the single handling fee was reduced to 1/10 of traditional banks. This cooperation has been reported by mainstream media such as French Le Figaro, and is regarded as a key breakthrough in the Pi compliance process. 2. Southeast Asian market: From offline payment to regulatory game Pi's offline payment scenario in Vietnam, the Philippines and other places has begun to take shape. Queanh Gia Coffee, a café in Hanoi, Vietnam, supports Pi to exchange Vietnamese Dong, with a daily limit of about RMB 14,000; Chiang Mai JJ Market handles Pi payments through a 2C2P wallet, and exchanges baht to flow into Pangu Bank. However, Southeast Asia has significant regulatory uncertainty: Vietnam's over-the-counter market premium rate reaches 27%, and cross-border arbitrage risks are highlighted; the Indonesian Central Bank warns Pi may be used for money laundering. The Pi team is responding to regulatory pressure through "node decentralization" (2025 Q2 open community node campaign) and "KYB Merchant Certification". 3. US real estate test: Icebreaking journey in high-value scenarios Florida real estate company Zito Realty accepts Pi to pay for the purchase of the house, and the transaction process realizes fund locking, property rights rolling and automatic performance through smart contracts. This case verifies the feasibility of Pi in the field of high-value assets, but also exposes technical bottlenecks: the confirmation time of a single transaction is as long as 15 minutes, and the smart contract function is still relatively basic. The Pi team plans to improve performance through cross-chain technology and scaling solutions (such as sharding), with the goal of increasing TPS to 3000+. 3. Risks and challenges: The "reef" that investors need to be vigilant 1. Inadequate technology decentralization: The "centralized shadow" of the core team Although the main network is open, Pi's super nodes are still controlled by the core team, and ordinary users cannot participate in node operations. During the test network stage, the entire network only relies on three super nodes in Canada and Finland, and this centralized structure is contrary to the vision of "inclusive finance". Blockchain analyst Justin Bons pointed out that Pi's technology is essentially "plagiarizing Stellar's centralized system", lacking Turing's complete virtual machines, making it difficult to support complex DeFi applications. 2. Regulatory Damocles Sword The US SEC included Pi on the high-risk monitoring list, Vietnam criminally prosecuted users, and China's Rushan official issued a risk warning. After the main network is opened, Pi's cross-border payment and anonymous transaction characteristics may further trigger regulatory scrutiny. For example, China requires that cryptocurrency transactions must be conducted through licensed institutions, and Pi has not yet obtained official permission from any country. 3. The token economic model controversial Pi's maximum supply reaches 100 billion pieces, and currently only 2 billion pieces are in circulation, and the remaining 98 billion pieces need to be gradually released through mining. If the team controls the unlocking rhythm, it may trigger panic in selling pressure. In addition, the "locking mining" mechanism (user locking Pi can increase mining rate) is questioned as a "Ponzi-like design", and insiders may make profits by cashing out at high prices. 4. The recommendation and reward mechanism of community governance and trust crisis Pi (inviting one person can get 25% mining income) was once accused of being suspected of pyramid schemes. In May 2025, the price plunge caused by the sale of 12 million tokens further exposed the fragility of community governance - the core team did not explain it publicly in a timely manner after the incident, resulting in a decline in user trust. 4. Investment strategy: The way to balance short-term game and long-term value 1. Short-term speculation: Grasp the main network's dividends and risk hedging - Opportunity window: In the early stage of the opening of the main network, Pi may usher in a phased rise due to liquidity injection and application implementation expectations. Technical aspects show that Pi has strong support around US$0.46, and if it breaks through the resistance level of US$0.63, it may start a rebound. - Risk control: Set a stop loss point (such as falling below $0.42 to leave the market) to avoid excessive leverage. Price fluctuations can be hedged through futures contracts (such as BingX's PI/USDT perpetual contract). 2. Long-term layout: Pay attention to ecological maturity and compliance progress - Key indicators: - Technical iteration: time of cross-chain module launch, degree of node decentralization (the proportion of ordinary user nodes), and progress of TPS increase to 3000+. - Application explosion: Will the main network applications exceed 500 by the end of 2025, and will there be phenomenal DApps with more than one million users? - Compliance breakthrough: Obtaining a US MSB license and fiat currency channel with international banks. - Position strategy: It is recommended to control the Pi allocation ratio within 5% of the crypto asset portfolio. Long-term holdings need to be observed for the ecological data (such as daily active users, transaction volume) and changes in regulatory attitudes in Q4 2025. 3. Alternative options: Compared with the cost-effectiveness analysis of public chains, Pi still has a gap in the technical performance and ecological depth of Pi. Compared with Solana (TPS 6500+, market value of US$48 billion) and Cardano (smart contract ecosystem mature, market value of US$32 billion). If you pursue high growth, you can allocate some funds to these mainstream public chains; if you are optimistic about Pi's "inclusive finance" narrative, you need to strictly control your risk exposure. 5. Conclusion: Pi's "double face" and the ultimate proposition of cryptocurrency. Pi Network is one of the most controversial projects in the cryptocurrency field in 2025: on the one hand, it attracts more than 47 million users with "mobile mining" and "global inclusiveness" as its banner, becoming a benchmark for the popularization of blockchain technology; on the other hand, technology centralization, regulatory uncertainty and community trust crisis make it possible to become a "centralized game under the decentralized gimmick" at any time. For investors, Pi's core value lies in its huge user base and real economic penetration potential, but we need to be wary of technical defects and regulatory risks. As Lucie Montaner, head of blockchain at BNP Paribas, said: "Cooperation with emerging public chains is an inevitable choice, but risks and opportunities coexist." In the "Wild West" of cryptocurrencies, whether Pi can transform from a "social fission artifact" to a "next generation financial infrastructure" will be a key test in 2025.