PI Network accounts for 100 days since the launch of Open Network, price movement minimal

Pi Network has completed its first 100 days since launching its Open mainnet on February 20, 2025, after over six years of ecosystem development. The launch opened external connectivity to Pi’s blockchain, enabling real-time utility and expanding access to developers, merchants, and over 13 million mainnet users globally.

The 100-day celebrations did not do much for the price of Pi Coin (PI), which has struggled to gain upward momentum and is now trading below $0.60. 

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.