After years of waiting, Pi Network is finally stepping into the world of open trading. On February 20, 2025,  The Open Mainnet will go live, ending the Enclosed Mainnet phase that started in December 2021. This means Pi Coin can now be traded on major exchanges, a major milestone for millions of users worldwide.

Pi Coin Gets Listed on Major Exchanges

Several big crypto exchanges have confirmed they will list Pi Coin. Platforms like OKX, Bitget, Bitrue, HTX, and BitMart will make Pi available for trading right from launch. Bitget is also offering a USD60,000 Pi airdrop for eligible users, running until March 3. "Based on user activity, different amounts of Pi will be given away," Bitget announced. Meanwhile, BitMart is giving 300 selected users a share of a USD3,000 USDT Pi prize.

However, Binance is taking a different approach. Instead of listing Pi immediately, it is letting the community vote on whether the coin should be added. The results of this vote will be announced on February 27.

Not all exchanges are supporting Pi. HTX recently removed Pi Network’s "I Owe You" (IoU) token, which had been used by traders to speculate on Pi’s price before the official launch. This move caused the IoU token’s price to drop by over 50%.

Rising Popularity and Record Growth

Interest in Pi Network has skyrocketed ahead of its official launch. 

The Pi Network app has also seen a surge in downloads. It has now been installed over 110 million times, with around 110,000 new users joining daily. On February 17 alone, more than 540,000 people downloaded the app. Currently, Pi Network ranks #4 in the Social category of the Google Play Store, behind Facebook and Instagram.

On social media, Pi Network has gained more followers than major blockchain networks like Ethereum and BNB Chain. Crypto analyst Kim H Wong noted, Pi Network is fastly becoming one of the most talked-about blockchain projects in the crypto world.

How Much Will Pi Coin Be Worth?

As Pi Coin enters the open market, many are speculating about its price. Based on current IoU trading, Pi Coin’s price is expected to be between USD61 and USD70. However, some predictions suggest it could reach USD331.40 by March 2025.

More extreme estimates place its value anywhere between USD1 and USD314,159 (the mathematical value of Pi). The actual price will depend on market demand and trading volume. Experts believe that if Pi Coin crosses the key level of USD100, it could rise to USD120–USD150. But if it struggles to stay above USD100, the price might drop back to the USD40–USD50 range before making another attempt to climb higher.

Pi Network Challenges and What Next

Despite the excitement, Pi Network still faces several challenges. Getting approval from regulators will be key for its success in the global crypto market. A listing on Binance could boost Pi’s price by increasing its trading volume, but Binance has not confirmed any plans yet.

Another important factor is the transition to a fully decentralised blockchain. If this process goes smoothly, Pi Coin could gain wider acceptance and become a major player in the cryptocurrency industry. But if there are technical problems or regulatory issues, Pi’s growth could slow down.

With the Open Mainnet launch just hours away, Pi Network is at a critical point. Whether it becomes a major success or fades away will depend on how well it handles this transition into open trading.