Latest Pi Network Update: Price, Listing Updates, and Outlook for 2025

In the rapidly evolving Web3 world, few projects have sparked as much curiosity and speculation as Pi Network. As a mobile-first mining solution aimed at attracting the next billion users, Pi has garnered a massive user base since the launch of its test application. Interest in the latest developments of Pi Network continues to rise, especially after its appearance on centralized exchanges like Gate. This article will analyze the latest updates of Pi Network, the role of its native token (PI), current price activity, and what to expect next as the community awaits the finalization of the mainnet.

What is the Pi Network?

Pi Network is a blockchain platform that initially had a unique idea: to enable users to mine cryptocurrency through their smartphones without consuming too much battery or computing power. The project was founded by graduates of Stanford University and aims to democratize cryptocurrency globally through mobile mining and social incentives.

By requiring users to log in daily and verify participation through a trusted personal security circle, Pi has introduced an innovative proof of participation consensus model. Since 2019, the application has attracted over 50 million users worldwide, although the long-promised mainnet has been repeatedly delayed.

The Latest Status of the Pi Network in 2025

As of mid-2025, Pi Network is still in the "closed mainnet" phase. This means that tokens earned through the application cannot be freely withdrawn or transferred until the broader ecosystem components—such as KYC verification, smart contract deployment, and network decentralization—are fully implemented.

The project team continues to update the core infrastructure and has launched Pi-based applications in its local ecosystem, including decentralized markets and identity solutions. However, the official date for the full launch of the mainnet has not yet been confirmed.

In other words, the listing of the PI token on platforms like Gate has brought new momentum to the project. This external visibility now allows Pi holders to track market prices more transparently and assess the potential for broader adoption.

Price of PI Token on Gate

As of the end of June 2025, PI is actively trading on Gate through the PI/USDT trading pair, with prices hovering around $0.55, moderate liquidity, and genuine market participation. This listing on Gate provides Pi with its first transparent and legitimate trading venue—far more credible than previous speculative IOUs or OTC platforms. Prices are now determined by actual supply and demand dynamics.

Token Economics and Supply

Although the specific tokenomics is still partially undisclosed, the total supply of PI is expected to have a cap. A portion of the tokens is allocated to early contributors, node operators, application developers, and ecosystem growth. The majority of the share is still held by users who participated in mobile mining over the past few years.

However, due to the closed nature of the mainnet, the utility of the token remains limited. The transition to an open mainnet – expected to unlock broader functionalities such as probing, transfers, and smart contract deployments – will play a key role in shaping the long-term token economics.

Ecosystem Use Cases and Vision

The long-term goal of Pi Network is to establish a robust mobile-friendly Web3 ecosystem. Key areas of development include:

• Pi Browser: An interface provided for Web3 applications built on the Pi Network.
• Pi KYC: A decentralized identity verification system for token withdrawals.
• Pi Applications: Ecosystem native applications that provide shopping, gaming, and freelance services supported by the PI token.
• Smart Contracts: Currently in development, expected to support future dApps on the network.

If successful, Pi Network could develop into a mobile-first layer one blockchain with global influence, particularly performing strongly in areas with limited access to traditional financial services.

Risks and Community Concerns

Despite having a large user base, Pi Network faces several challenges:

• Mainnet Delay: The lack of a clear and complete mainnet launch date may undermine trust due to uncertainty.
• Token utility: The current PI token lacks real on-chain utility outside of the testing environment.
• KYC Bottleneck: Millions of users are still waiting for verification, which slows down the growth of the ecosystem.
• Market chaos: The previous IOU tokens and OTC pricing led to unrealistic expectations, which have now been corrected by real-time markets like Gate.

2025 Outlook for Pi Network

As the token launches on Gate, the user base continues to expand, and 2025 may become a turning point for the Pi Network—provided that the project can deliver on its promises. A successful mainnet launch will unlock real token liquidity, staking, application development, and broader adoption.

Prior to this, investors and participants should view PI as a high-potential but still speculative asset. The listing on Gate currently provides price discovery and exposure, but its long-term future depends on the execution of the ecosystem and the team's ability to deliver a fully decentralized blockchain.

Conclusion

Pi Network has attracted the attention of millions by combining mobile accessibility with the Web3 concept. The latest Pi Network update reveals significant progress—most notably the listing of the token on Gate. Despite still facing major technical hurdles, the project remains hopeful as a bridge between mobile-first users and the decentralized internet. With the open mainnet approaching, all eyes are on whether Pi Network can shift from speculative hype to real-world impact.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit the use of all or part of its services from restricted locations. For more information, please refer to the user agreement.