PI Surges 5,600% as Pi Network Mainnet Launches

After years of development and anticipation, Pi Network has officially launched its open mainnet, allowing pioneers to transfer their Pi (PI) tokens externally. The token is now listed on several well-known crypto exchanges in a major milestone, including OKX, Gate.io, Bitget, and CoinDCX.

With the mainnet going live, Pi Network’s community members, known as pioneers, can now trade their PI tokens. At the same time, developers within the ecosystem have an opportunity to present their applications globally, with over 100 apps already built on the network across decentralized finance (DeFi) and gaming.

PI Surges 5,600%

Following the mainnet debut, PI’s trading volume surged by over 595% within hours, reflecting significant market engagement. Meanwhile, the token experienced a massive price jump of more than 5,600%, climbing from $0.049 to $2.80 before a slight correction to $1.72 at press time.

Unlike traditional proof-of-work blockchains, Pi Network utilizes mobile-based mining, making it more accessible to users worldwide. The ease of participation has contributed to the project’s widespread adoption, attracting millions of users even before its official launch. 

Remarkably, the network boasts a following of over 3.8 million on X, surpassing major blockchain foundations such as Ethereum and Solana. At its peak, Pi Network recorded more than 50 million users.

PI Debuts on Major Exchanges

Crypto exchanges including OKX and Gate.io have confirmed the launch of PI spot and perpetual contract trading. PI spot trading is set to begin at 8:00 AM UTC on February 20, 2025. 

Additionally, Gate.io has announced a USDT-margined PI perpetual contract (PI/USDT) with up to 50X leverage, providing traders with opportunities for margin trading.

Expanding its Pi Network offerings, Gate.io has also added PI to its Launchpool staking program. Through this initiative, users can stake PI and earn GT or BTC as rewards. 

With the availability of both spot trading and leveraged contracts, market participants now have multiple avenues to engage with PI. The staking program further enhances the appeal for long-term holders by offering passive income opportunities.

Meanwhile, Binance, the world’s largest crypto exchange, has opted for a different strategy by polling its users on whether it should list PI. The poll remains open until February 27, allowing the community to influence the decision.