Core

2024

Pi Network’s mainnet finally launched in 2025 after over half a decade of development and constant delays due to KYC failures, among other reasons.
The native token also saw the light of day in mid-February and quickly tapped a new all-time high before it plunged by almost 95%. Here’s the year in review.
<h2 id="pi-year-in-review">PI: Year in Review</h2>
The PI community had grown tired of consistent <a href="https://cryptopotato.com/important-pi-network-update-as-open-network-launch-date-approaches-details/" rel="noopener noreferrer nofollow">delays</a> of the mainnet release, which was prolonged numerous times in late 2024 and early 2025 alone. However, it was finally launched on February 19 when the Open Network brought the PI token to several exchanges, such as Bitget, OKX, and MEXC.
In the following weeks, the excitement around the project was quite high. The team extended the KYC grace period, reintroduced PiFest, praised the .pi domain reservation initiative for compliant Pi community apps, and celebrated Pi Day 2025 – all in March.
Following the <a href="https://minepi.com/blog/open-network-pifest-recap/?_gl=1*xzk8lv*_up*MQ..*_ga*MTg5MDUxMjQwNS4xNzY2ODIyNTM5*_ga_3HN8DY36WY*czE3NjY4NDI1ODEkbzIkZzAkdDE3NjY4NDI1ODEkajYwJGwwJGgw" rel="noopener noreferrer nofollow">conclusion</a> of the PiFest, the team outlined the Pi Ad Network Expansion, which was opened to all ecosystem-listed applications. Further expansion of network capabilities came in early May when they enabled new wallet activation opportunities. Then came a big hint about what’s about to happen in mid-May, with the community turning its sights on a Binance listing.
However, that was another false rumor. Instead, the Core Team <a href="https://cryptopotato.com/important-clarifications-for-all-pi-network-users-developers-investors-details/" rel="noopener noreferrer nofollow">outlined</a> the launch of Pi Network Ventures – a Pi-denominated fund aiming to invest $100 million in innovative startups.
The team ended the month with a strong statement toward its gaming audience. They celebrated Pi2Day in late June with an ecosystem challenge for all participating Pioneers. More importantly, though, they <a href="https://cryptopotato.com/2-new-major-features-for-all-pi-network-pioneers-released-on-pi2day-details/" rel="noopener noreferrer nofollow">entered</a> the AI world with the introduction of Pi App Studio.
During the summer, the team <a href="https://cryptopotato.com/massive-pi-network-announcement-as-big-prizes-await-users-details/" rel="noopener noreferrer nofollow">promoted</a> the launch of the first Hackathon after the mainnet release, which lasted a couple of months. It concluded in October, but the winners were <a href="https://cryptopotato.com/major-pi-news-pi-network-breaks-silence-with-long-awaited-winner-announcement/" rel="noopener noreferrer nofollow">announced</a> in December. Meanwhile, some of the project’s co-founders <a href="https://minepi.com/blog/token2049-speaker/?_gl=1*187k1hk*_up*MQ..*_ga*MTg5MDUxMjQwNS4xNzY2ODIyNTM5*_ga_3HN8DY36WY*czE3NjY4NDI1ODEkbzIkZzEkdDE3NjY4NDM1ODAkajYwJGwwJGgw" rel="noopener noreferrer nofollow">participated</a> in big conferences, including TOKEN2049 in Singapore. Dr. Fan announced live there the release of Pi DEX and AMM liquidity pools.
Pi Network also simplified and improved the KYC procedure by <a href="https://minepi.com/announcement/fast-track-kyc/?_gl=1*1z05vsr*_up*MQ..*_ga*MTg5MDUxMjQwNS4xNzY2ODIyNTM5*_ga_3HN8DY36WY*czE3NjY4NDI1ODEkbzIkZzEkdDE3NjY4NDM1ODAkajYwJGwwJGgw" rel="noopener noreferrer nofollow">introducing</a> fast-track functions. New updates for the Pi App Studio <a href="https://cryptopotato.com/major-pi-network-update-will-this-be-the-turning-point-for-pi/" rel="noopener noreferrer nofollow">arrived</a> in October, and Pi Network Ventures made its first investment in OpenMind.
November <a href="https://cryptopotato.com/massive-pi-network-update-drops-what-every-pi-user-needs-to-know/" rel="noopener noreferrer nofollow">began</a> with the version 0.5.4 network update, followed by more Pi App Studio upgrades, and a partnership with CiDi Games to <a href="https://cryptopotato.com/attention-pioneers-pi-network-drops-major-update-to-boost-gaming-experience-details/" rel="noopener noreferrer nofollow">accelerate</a> Web3 gaming engagement further.
December <a href="https://cryptopotato.com/pi-networks-holiday-surprise-discounts-prizes-and-new-ways-to-spend-pi/" rel="noopener noreferrer nofollow">concluded</a> with a special Holiday initiative and new updates to the Pi DEX and AMM.
<h2 id="pi-price-review">PI Price Review</h2>
As briefly mentioned above, PI <a href="https://cryptopotato.com/pi-network-pi-price-shocker-15-daily-surge-ath-soon/" rel="noopener noreferrer nofollow">hit</a> exchanges with a bang, quickly surging to a new all-time high of $2.99 in late February. However, this momentum vanished almost immediately, and the asset entered a prolonged bear market.
More precisely, it lost almost 95% of its value by early October when it plunged to an all-time low of $0.172. Despite recovering some ground to just over $0.20 as of now, it’s still down by 92-93% since its February peak.
It only managed to stage <a href="https://cryptopotato.com/pi-network-pi-explodes-by-35-daily-reaching-a-new-ath-is-the-bull-run-just-starting/" rel="noopener noreferrer nofollow">brief price spikes</a> after major community announcements and hints during the year. For example, it skyrocketed to over $1.70 during the speculations in May about a Binance listing, only to fall even harder after those proved wrong.
Nevertheless, there are some positives for PI, as it successfully defended the $0.20 support. Some AI platforms believe it could have a better 2026, under certain conditions, which you can <a href="https://cryptopotato.com/will-pi-network-have-a-better-christmas-in-2026-ai-makes-bold-pi-predictions/" rel="noopener noreferrer nofollow">explore here</a>.
The post <a href="https://cryptopotato.com/pi-network-pi-in-2025-mainnet-launch-aths-crashes-and-what-comes-next/" rel="noopener noreferrer nofollow">Pi Network (PI) in 2025: Mainnet Launch, ATHs, Crashes, and What Comes Next</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Pi Network (PI) in 2025: Mainnet Launch, ATHs, Crashes, and What Comes Next

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