Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
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| 0.58% | 0.41% | 12.88% | 10.06% | 8.66% | 51.53% |
Comparison
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Pi Network is a mobile-based blockchain network designed to lower the barrier to cryptocurrency participation, enabling ordinary users to mine and build the ecosystem using their phones. It employs a variant of the Stellar Consensus Protocol (SCP), where users simply tap once daily to confirm identity and earn mining rewards without significant electricity or specialized hardware. Its core mechanism leverages a social trust graph to maintain network consensus, aiming to create a low-barrier digital currency ecosystem maintained by its users.
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About Pi Network
Pi Network is a mobile-first cryptocurrency project founded in 2018 that allows users to mine PI tokens by tapping a button once every 24 hours on their phones, without significant battery drain or computational work. Its core business revolves around building a large, KYC-verified user base and a developer ecosystem, with services including Pi Sign-In for third-party authentication, PiVerify for identity verification, OpenPay for merchant payments, and SoloHost for distributed computing. As of September 2026, it claims over 60 million registered users across 200 countries, 18 million KYC-verified pioneers, and 14 million migrated to mainnet. Its core narrative is making crypto accessible to ordinary people through zero-cost mobile mining, while transitioning toward identity, AI, and DeFi infrastructure. The market pain point it addresses is the high barrier to entry in traditional crypto mining, which requires expensive hardware and technical knowledge. However, it faces significant challenges: the token price has fallen over 97% from its all-time high of $2.99 in February 2025 to $0.09 in August 2026, with daily unlocking of about 6.5 million PI tokens creating persistent sell pressure. Binance has not listed PI despite a community vote showing 86.8% support, citing concerns over code transparency, lack of independent security audits, and centralization. In the past six months (March to September 2026), Kraken listed PI for spot trading in March, OKX opened access to US users in May, the Pi2Day event in June introduced three products including SoloHost, Pi Sign-In, and PiVerify, OpenPay migrated to mainnet in August, and three developer tools (local storage, staking data API, and file sharing) were released on September 4. Protocol 27, scheduled for September 15, will bring smart contract authentication, RPC server infrastructure, and an AMM DEX to mainnet, though the DEX has no live trading history on mainnet yet. The project's governance remains centralized through SocialChain, and its KYC system, while extensive with 1.09 million human validators, has created friction that caused many users to abandon the process. Despite rapid code delivery with nine forced protocol upgrades since open mainnet, the gap between registered users and active participants highlights persistent adoption challenges.
Pi Network was launched on March 14, 2019, by a Stanford-affiliated team, introducing a mobile-first mining model that allowed anyone to mine cryptocurrency for free. In December 2021, it entered the Enclosed Mainnet, enabling KYC verification and initial Mainnet migrations, which laid the foundation for its ecosystem. On February 20, 2025, Pi Network transitioned to Open Mainnet, removing the firewall, enabling external connectivity, exchange trading, and real-world payment use cases. These milestones reflect the project's evolution from user acquisition to ecosystem maturity, marking its long-term significance in the blockchain space.
Positive: Protocol 26 completed on Aug 11; Protocol 27 launched Sept 15, adding smart contract authentication, RPC infrastructure, and AMM DEX; Pi Launchpad testnet attracted 242,000 pioneers. OpenPay moved to mainnet Aug 27; Kraken (Mar 13) and OKX (May 21) enabled PI trading; Pi2Day released SoloHost, Pi Sign-In, PiVerify; Node 0.6.2 supports distributed computing; App Studio hosts 7,900 apps.
Negative: ~1.21 billion PI unlocks in 2026, ~6.5 million daily, creating sell pressure; price down >97% from $2.99 high; Aug 31 volume $3.7M; Binance/Coinbase absent; mainnet DEX had zero real trades, zero DeFi TVL; only 16.6M users migrated (27.6%); zero-cost miners tend to sell.
Co-founder & CTO Nicolas Kokkalis: Ph.D. in Computer Engineering from Stanford, former Stanford postdoc and instructor of CS359B, the first decentralized applications class. His research focuses on distributed systems and HCI; he previously built smart contract frameworks and social products with tens of millions of users.
Co-founder & Head of Product Chengdiao Fan: Ph.D. in Anthropological Sciences from Stanford, specializing in social computing and HCI. She studies how technology impacts human behavior and society, leading Pi Network's user-centric design and ecosystem development.
Director of Engineering Aurélien Schiltz: Current core team executive at Pi Core Team, responsible for engineering and technical development. Specific educational background and past experience are not publicly disclosed.