Pi Network’s native token, PI, dropped more than 65% following the project’s highly anticipated mainnet launch. On Feb. 20, Pi Network announced that its “Open Network” had officially launched. The project said this allowed users to access centralized exchanges and other businesses beyond its ecosystem.

Pi Network launched its Open Mainnet on February 20, 2025, experiencing initial price volatility and exchange listings while enabling users to conduct external transactions for the first time in its six-year history.