Pi Network Explodes in Growth One Year After Open Network Launch

Pi Network mainnet users hit 16.2M, KYC tops 17.4M, 148K merchants onboard as Pi Coin trades near $0.16 after $0.20 peak.

Pi Network marked one year since its open mainnet launch with sharp growth in users, nodes, and merchant adoption.

New data shared by the project shows strong expansion across key metrics. The update also outlined future plans, including digital identity services and broader ecosystem support.

User Growth and KYC Expansion

Pi Network reported that mainnet migrations rose by 60% over the past 12 months. The number of users on the mainnet has surpassed 16.2 million. The figures were shared in a recent post on X.

The project also confirmed that more than 17.4 million users have completed the Know Your Customer process.

Developers expect this number to rise further in the coming months. A new AI feature was introduced to speed up identity verification.

In a recent statement, the team said it is considering launching KYC-as-a-Service.

This move could place Pi Network in competition with projects such as World and Humanity Protocol.

Analysts state that demand for digital identity tools is growing as AI adoption expands.

Nodes, Merchants, and Ecosystem Activity

Network data shows that active Pi Network nodes have increased to over 420. This growth reflects wider participation in maintaining the blockchain.

Node expansion remains a key part of network infrastructure. Merchant adoption has also recorded strong growth.

More than 148,000 stores now accept Pi Coin, compared to 70,000 a year earlier. Local commerce users have climbed to over 2.1 million.

The growth figures were released as part of the network’s anniversary update.

Founders Nicolas Kokkalis and Chengdiao Fan outlined priorities for the coming months.

These include increasing utility, expanding investments, introducing validator rewards, and advancing KYC-as-a-Service.

The statement did not address issues such as potential token burns or further decentralization. It also did not provide updates on additional exchange listings.

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Pi Coin Price and Technical Analysis

Pi Coin reached a recent high of $0.2067 on February 15. The price later pulled back to around $0.1615, according to daily chart data.

This movement reflects short-term market adjustments.

Technical analysis shows the formation of a small hammer, also known as a dragonfly doji pattern.

This pattern features a small body and a long lower shadow. Traders often view it as a possible bullish reversal signal.

The token remains slightly above the Supertrend indicator, which signals buyer control.

It is also positioned above the Strong, Pivot, Reverse level of the Murrey Math Lines tool.

Based on current chart patterns, some analysts project a potential rebound toward $0.2057. This level stands about 30% above the current price.

Pi Network continues to expand its ecosystem one year after its open network launch.

User growth, KYC adoption, and merchant activity remain central to its development strategy.

The post Pi Network Explodes in Growth One Year After Open Network Launch appeared first on Live Bitcoin News.