Coinfomania confirmed on June 1 that Pi Network is still in the Enclosed Mainnet stage. The blockchain is live, wallets exist, and tokens have been distributed to users who passed KYC verification, but transfers to exchanges and external wallets remain restricted. As of mid-2026, the cumulative number of KYC-verified users exceeds 18 million.
Pi Network Confirms Mainnet Migration Status and Technical Metrics
The core team confirmed that the KYC verification rate reached about 500,000 per month by Q1 2026, up from about 150,000 per month at the beginning of 2024, but among 47 million registered users, a significant portion still has not completed verification. The Pi blockchain has internally processed more than 70 million transactions, with an average block time of about 5 seconds, and the mainnet has maintained stable operation throughout 2026.
Pi node software patches deployed at the end of 2025 confirmed that they reduced synchronization events by 80% or more. Regarding the locking mechanism, as of early 2026, about 65 billion Pi were voluntarily locked by pioneers in exchange for a higher mining rate. The core team confirmed that this helps reduce sell-pressure during periods of open trading.
Construction Data Confirmed by the Pi Ecosystem: Hackathons and Pi Commerce
The 2025 Pi hackathon series confirmed that it attracted more than 10,000 developer submissions. Winners received Pi funding and were featured prominently in the Pi browser app directory, including the decentralized freelance marketplace PiWork, a micro-loan platform for unbanked groups, and an agricultural supply-chain tracking tool.
For Pi Commerce, the core team reported that in the 2025 enclosed network, point-to-point transaction volume exceeded 200,000, and merchants in Vietnam and Nigeria accept Pi as a practical payment tool.
Trading Status Confirmed for Pi IOU and the Core Team’s Open-Mainnet Conditions
Coinfomania confirmed that Pi IOU has been listed on exchanges such as HTX (formerly Huobi) and BitMart, representing claims to Pi mainnet tokens in the future. The historical trading price range has varied from below $20 to above $70, driven by speculation and market sentiment.
The core team confirmed that the price of Pi IOU carries significant counterparty risk and may not match Pi’s actual price in the open market. The open-mainnet conditions confirmed by the core team include three items: reaching a sufficient KYC completion-rate threshold, the ecosystem maturity formed by enough applications and merchants, and the stability of node infrastructure; currently, there is no specific target date.
FAQ
Why has Pi Network not yet achieved fully public trading?
According to Coinfomania’s confirmation, Pi Network is still in the enclosed mainnet stage. The core team confirmed the reasons are that the KYC verification rate has not reached the set threshold, the number of ecosystem applications is insufficient, and the node infrastructure needs further stability. The core team is using a “conditional” approach and has not published any specific open-timeline schedule.
What risks do pioneer users face if they have not completed KYC verification?
According to Coinfomania’s confirmation, the core team has repeatedly warned that early miners who fail to complete KYC verification before the final deadline will face the risk of losing all remaining mining balances. As of mid-2026, more than 18 million users have completed verification, but there remains a significant gap compared with the 47 million registered users.
What are the current trading price and risk warnings for Pi IOU?
Coinfomania confirmed that Pi IOU’s historical price range on exchanges such as HTX and BitMart varies from below $20 to above $70, driven mainly by speculation and market sentiment. The core team confirmed that the IOU price has significant counterparty risk and may not align with Pi’s actual pricing in the public market.
