Pi Network 的主網過渡：Web3 里程碑還是海市蜃樓？

Pi Network 的完整主網之旅是 Web3 的一個重要里程碑，但它面臨著市場波動和社區的不耐煩。其實用至上的方法會成功嗎？

Pi Network's Mainnet Transition: A Web3 Milestone or Mirage?

Pi Network 的主網過渡：Web3 里程碑還是海市蜃樓？

The Pi Network's evolution is a hot topic, with its long-awaited transition to the full mainnet becoming increasingly imminent as of October 2025. This move is more than just a technical upgrade; it's a potential game-changer for the Web3 landscape.

Pi 網絡的演變是一個熱門話題，人們期待已久的向完整主網的過渡從 2025 年 10 月開始變得越來越迫在眉睫。這一舉措不僅僅是技術升級；更是一次技術升級。它是 Web3 領域的潛在遊戲規則改變者。

From Enclosed to Open: The Pi Network's Ambitious Journey

從封閉到開放：Pi Network 的雄心勃勃的旅程

Pi Network's shift from an “Enclosed Mainnet” to a fully decentralized “Open Network” signifies a strategic move. Upgrades to scalability, transaction speed, and developer tools are aimed at fostering a robust DeFi ecosystem.

Pi Network從“封閉式主網”向完全去中心化的“開放式網絡”的轉變標誌著一項戰略舉措。可擴展性、交易速度和開發工具的升級旨在培育強大的 DeFi 生態系統。

Technical Upgrades and Ecosystem Expansion

技術升級和生態系統擴展

Integration of Stellar Core v23.0.1 aims to boost blockchain performance. Expanded developer tools support DeFi apps, smart contracts, and real-world asset (RWA) tokenization. A liquidity pool launch involving 1 billion coins is also in the works to support internal trading and stabilize market dynamics.

Stellar Core v23.0.1 的集成旨在提高區塊鏈性能。擴展的開發人員工具支持 DeFi 應用、智能合約和現實世界資產 (RWA) 代幣化。涉及 10 億枚代幣的流動性池也在籌備中，以支持內部交易並穩定市場動態。

Market Sentiment and Price Trends: A Bumpy Ride

市場情緒和價格趨勢：坎坷之路

Despite September 2025 volatility, Pi Coin is trading around $0.26 on IOU markets, showing resilience. However, a nearly 48% decline in September to a low of $0.184 raises concerns. The announcement of a universal internal trading date could be the catalyst needed for renewed investor interest, but weak demand and impending token releases pose challenges.

儘管 2025 年 9 月出現波動，Pi 幣在 IOU 市場上的交易價格約為 0.26 美元，顯示出韌性。然而，9 月份下跌近 48% 至 0.184 美元的低點引發了擔憂。通用內部交易日的宣布可能是重新激發投資者興趣所需的催化劑，但需求疲軟和即將發行的代幣帶來了挑戰。

Community Engagement and KYC Progress

社區參與和 KYC 進展

Pi Network's fast-track KYC processes aim to authenticate users before internal trading, enhancing security. The community remains engaged through hackathons and educational campaigns, but impatience for the full Mainnet launch is growing.

Pi Network 的快速 KYC 流程旨在在內部交易之前對用戶進行身份驗證，從而增強安全性。社區仍然通過黑客馬拉松和教育活動參與其中，但對主網全面啟動的不耐煩與日俱增。

Strategic Implications for Web3

Web3 的戰略意義

Pi Network's mainnet transition aligns with Web3 principles: transparency, autonomy, and interoperability. By enabling internal trading and expanding DeFi capabilities, it aims to compete with established platforms. But, the big question remains: Can Pi translate its massive user base into an active, functional ecosystem?

Pi Network 的主網過渡符合 Web3 原則：透明、自治和互操作性。通過啟用內部交易和擴展 DeFi 功能，它的目標是與成熟的平台競爭。但是，最大的問題仍然存在：Pi 能否將其龐大的用戶群轉化為一個活躍的、功能齊全的生態系統？

A Critical View: Is Pi Network Overvalued?

批判性觀點：Pi 網絡是否被高估？

While Pi Network boasts a massive community, its speculative valuations on IOU markets far exceed those of more mature, officially traded tokens. This raises questions about its

儘管 Pi Network 擁有龐大的社區，但其在 IOU 市場上的投機估值遠遠超過了更成熟的、正式交易的代幣。這引發了對其的質疑