Pi Network Hits 100-Day Milestone: Open Mainnet’s Rocky Road to Adoption

Pi Network's Open Mainnet hits the century mark—but where's the champagne?

Three months after flipping the switch, the mobile-mined crypto project faces its make-or-break phase. Adoption metrics remain locked away tighter than a Bitcoin maximalist's cold wallet.

The promise? A decentralized future where 35 million+ users actually use their coins. The reality? Another altcoin struggling to prove it's not just a fancy loyalty points system.

Meanwhile, traditional VCs chuckle into their $8 lattes—'Another day, another 100x moonshot that forgot about the product-market fit.'

The coin failed to break the $0.61 resistance marked by the 50-period exponential moving average, with current trading volumes hovering at $77 million, down 35% compared to the seven-day average.

$100M Pi Network venture fund and Pi Day 2025

According to a blogpost, in 100 days, the PI Foundation launched Pi Network Ventures, an initiative backed by a $100 million pool split between Pi and USD.

The Pi team asserted that the initiative will help finance startups and businesses that build on or integrate the Pi ecosystem. It added that the fund WOULD prioritize projects that drive commercial use and practical applications of the Pi coin.

Other additions to the ecosystem includes FruityPi, a fruit-matching mobile game introduced by Pi Network. 

Pi Day 2025, held on March 14, was the beginning of the first PiFest event following the Open Network launch. The week-long event, which ran through March 21, brought in more than 125,000 registered merchants, including 58,000 active sellers. 

“During the first 100 days of Open Network, Pioneers have demonstrated that the adopted, utility-based Pi cryptocurrency is here to stay and grow,” the foundation stated.

The community-driven “Map of Pi” application recorded over 1.8 million Pioneer users during the event, while more than 45,000 reviews were submitted. PiFest became a testbed for real-world commerce within the Pi ecosystem.

pi Domains auction crosses 69,000

Last Tuesday, Cryptopolitan covered the launch of the .pi Domains auction, where users and businesses could acquire exclusive domain identifiers within the Pi ecosystem. 

Per the foundation’s report, more than 123,000 active bids have been placed so far by over 57,000 unique participants. In total, over 69,000 domains now have active bids, with more than 3 million Pi staked during the ongoing auction process. The Pi Foundation says the domains have immediate utility, easier app discovery, brand visibility, and user personalization.

Pi Network has also rolled out updates to its mainnet ecosystem interface since February. Developers can now deploy apps via the Developer Portal without the prior whitelist approval requirement. 

In a MOVE to support monetization, Pi App developers have been invited to apply for the Pi Ad Network. Those selected will join the first group of apps from the pilot program already receiving ad revenue. The network is seemingly building an economically sustainable ecosystem for developers and content creators.

Since February 20, more than 3 million additional Pioneers have migrated to the mainnet, raising the total to over 13 million users. Blockchain activity is on the uptick, with more than 7.4 billion Pi migrated, 5.2 billion locked and 2.2 billion unlocked. 

Network data shows over 400,000 nodes now active across testnet1, testnet2, and the mainnet, according to Pi Network’s internal blockchain explorer.

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