Pi Network 2025: Still Hope or Just Hype?

Back in 2019, Pi Network launched with a bold promise: to make cryptocurrency accessible to everyone via mobile mining. Fast forward to 2025, and the project has amassed over 40 million users globally. But with no open mainnet, a still-unclear value for PI coin, and limited utility — many are asking: is there still hope, or is this all just hype?

From Viral Growth to Long Silence

Pi Network’s rise was meteoric. With an app that allowed users to “mine” by simply tapping their phones once a day, it went viral. No electricity cost, no advanced hardware — just a mobile phone and a referral code. For a while, it seemed like Pi was the future of crypto adoption.

But in the years that followed, communication slowed. The project shifted into “enclosed mainnet” mode, where coins were locked and couldn’t be traded externally. And in 2025, despite all the anticipation, Pi Network still hasn’t launched its open mainnet.

Millions of Users, But Little Utility

Pi Network boasts a massive community, but what's the coin actually used for? As of now:

• PI cannot be officially traded on major exchanges.
• Most wallets remain locked due to KYC backlog.
• Real-world use cases are extremely limited.

Some internal marketplaces exist within the ecosystem, but their scale is minimal. For many users, Pi is still just a number on a screen.

KYC Bottleneck Still Unresolved

One of the biggest hurdles has been the KYC (Know Your Customer) process. Despite rolling out years ago, millions of users remain unverified. Without passing KYC, users can’t transfer PI to the mainnet or engage in utility features.

This has led to widespread frustration, especially for early adopters who’ve accumulated large PI balances but can’t do anything with them.

Is the Team Still Building?

The core team insists they are still working on infrastructure, compliance, and partnerships. But communication has been sporadic. Dev updates are infrequent, and roadmaps lack specific timelines.

In crypto, transparency is key. And the longer the silence continues, the more trust erodes.

What Needs to Happen in 2025

For Pi Network to keep its relevance and avoid becoming a cautionary tale, a few critical things need to happen this year:

• Open Mainnet Launch: Without an open mainnet, Pi coins have no on-chain utility or real market value.
• Wider KYC Rollout: Unverified users must be onboarded — or else community growth becomes meaningless.
• Utility Partnerships: Real-world businesses must begin accepting PI, not just internal barter systems.
• Exchange Listings: Even if phased, official exchange listings would help solidify PI’s legitimacy.

Is There Still Hope?

Hope? Yes. Pi still has potential. Its community is massive, and the vision — if executed — could bring crypto to billions of users.

But time is running out. The longer the team delays, the more skeptical even loyal Pioneers become. Other projects are catching up with better transparency and quicker execution.

Or Is It Just Hype?

At this point, Pi’s value is driven more by community faith than real-world fundamentals. Without open access, without real liquidity, and without transparency — many are starting to see it as just another overhyped dream.

For newcomers, it's essential to understand: just because it’s free doesn’t mean it’s valuable.

What the Community is Saying

Across Reddit, Twitter, and Telegram, users are split. Some still believe the project will deliver long-term value. Others feel duped and are calling it a data-harvesting operation dressed as a crypto app.

Unless something major happens in Q2 or Q3 2025, we may start seeing a community shift toward alternative mobile-mining projects or low-cap DeFi tokens.

Final Verdict: Pi Network in 2025

Pi Network still has one last chance to prove the doubters wrong. But in its current state, it's a project stuck in limbo. The community is strong, but patience is running thin. Whether it turns into a success story or a cautionary tale depends entirely on what the team does next — and how fast.

Internal Links for Further Reading:

• OM Collapse: Rugpull or Market Panic?
• TRUMP Token Set to Unlock $336M
• NVIDIA to Build AI Supercomputers in the U.S.

Stay tuned for our full Pi Network report series on Bitcointan. Bookmark us or follow on X @bitcointan.