Pi Network’s 2025 Mainnet Launch: Token Highs, Crashes, and Future Plans

Pi Network has announced its plan to launch a fully operational mainnet in 2025, marking a significant transition from its current testnet phase. Following this announcement, the Pi token has experienced marked price volatility on unregulated secondary markets, reflecting broader challenges in ecosystem maturity and user engagement.

What happened

Pi Network, a blockchain project that has attracted a large user base through mobile mining, confirmed it will launch its mainnet in 2025. This move will transition the network from its existing testnet environment to a fully functional blockchain platform. The mainnet launch is positioned as a critical milestone for the project’s development.

Following the mainnet announcement, the Pi token saw significant price fluctuations, including all-time highs and subsequent crashes. These price movements occurred primarily on peer-to-peer and over-the-counter (OTC) platforms, as the token remains unlisted on major regulated exchanges. Consequently, no official market pricing or centralized liquidity pools exist for Pi as of mid-2024.

The Pi Network development team has emphasized priorities such as user growth and ecosystem expansion. This includes fostering decentralized application (dApp) development and incentivizing active participation ahead of the mainnet launch. Despite these efforts, independent data from CoinGecko, CoinMarketCap, and Sensor Tower indicate that trading volumes remain low and fragmented, while community activity metrics—such as app downloads and active miners—have plateaued or slightly declined in recent months.

Analysis from CryptoPotato and other industry sources interprets the token’s price volatility as predominantly speculative, driven by trading in unregulated environments without clear price discovery mechanisms. CoinGecko’s market reports highlight that the absence of listings on regulated exchanges and low liquidity underscore the network’s early and fragile stage, with limited real economic activity supporting token value. Blockchain analysts cited by CryptoPotato stress that the mainnet launch will be a stress test for both infrastructure and community cohesion, with successful dApp adoption critical to restoring user trust.

Industry commentary from The Block Research suggests that strategic initiatives to incentivize dApp development and ecosystem growth could support long-term expansion, provided these translate into measurable increases in active users, transaction volumes, and developer engagement. However, the plateau in user metrics may indicate market saturation or waning trust due to unclear token utility and governance structures.

Why this matters

Pi Network’s mainnet launch represents a pivotal moment for a project that has garnered substantial attention through its novel approach to mobile mining and large user base. The transition to a fully operational blockchain is essential for validating the network’s technical capabilities, security, and governance frameworks. More broadly, it tests whether the project can evolve from speculative interest into a sustainable ecosystem with meaningful economic activity.

The token’s current trading dynamics—characterized by price volatility on unregulated platforms and low liquidity—highlight the challenges faced by emerging blockchain projects in establishing transparent market mechanisms and user trust. Without listings on regulated exchanges, Pi Network lacks formal price discovery and broader market participation, limiting its credibility and potential for mainstream adoption.

Furthermore, user engagement trends suggest that Pi Network must address fundamental questions about token utility, governance, and ecosystem incentives to maintain and grow its community. The success or failure of these efforts will have implications for how similar projects approach mainnet launches, token economics, and community building in early-stage blockchain ecosystems.

What remains unclear

Despite the available information, several key aspects of Pi Network’s development and future remain unresolved. It is not yet known whether the network will secure listings on regulated exchanges following the mainnet launch, a factor critical for transparent price discovery and wider adoption.

Details about the network’s governance model and tokenomics post-mainnet remain limited, leaving open questions about how sustainable ecosystem incentives will be structured and whether mechanisms exist to prevent speculative pump-and-dump cycles.

The technical capabilities and security assurances of the mainnet infrastructure at launch have not been publicly disclosed through detailed audits or independent assessments. This lack of transparency limits the ability to evaluate the network’s resilience and readiness.

Additionally, the extent to which Pi Network can attract and retain developers to build compelling dApps that generate real utility and drive user engagement is uncertain. Regulatory scrutiny and compliance challenges associated with transitioning to a public blockchain with a tradable token also remain unaddressed in public disclosures.

What to watch next

Whether Pi Network secures listings on major regulated cryptocurrency exchanges post-mainnet launch, enabling formal price discovery and broader market participation.
Disclosures regarding the mainnet’s technical infrastructure, including independent security audits and performance benchmarks.
Details on the governance framework and tokenomics that will underpin ecosystem incentives and community participation after mainnet activation.
Metrics tracking active user growth, transaction volumes, and developer engagement with dApps on the Pi blockchain following the mainnet launch.
Regulatory developments and compliance measures adopted by Pi Network as it transitions to a public blockchain with a tradable token.

Pi Network’s 2025 mainnet launch stands as a critical juncture for the project, encapsulating both the promise and the challenges of early-stage blockchain ecosystems. While the token’s recent volatility underscores ongoing uncertainty and speculative dynamics, the network’s ability to deliver on technical, governance, and community-building fronts will be decisive for its longer-term viability. As key questions remain open, close attention to forthcoming developments and disclosures will be essential to assess whether Pi Network can transition from hype to sustainable utility.

Source: https://cryptopotato.com/pi-network-pi-in-2025-mainnet-launch-aths-crashes-and-what-comes-next/. This article is based on verified research material available at the time of writing. Where information is limited or unavailable, this is stated explicitly.