Pi Network rolls out a security update, requiring Pioneers to enable two-factor authentication (2FA) to protect users’ account and wallet security and prevent loss of funds during the mainnet migration. This move addresses ongoing scam threats and ensures that sensitive actions are approved only by the account owner. At the same time, node operators have upgraded to protocol 21.2 to improve system performance. Users must complete the mainnet migration step by step to safeguard their assets.

The token supply model of Pi Network has sparked heated debate, and there is controversy over whether the tokens generated through user mining are fully owned by the community. Insufficient transparency has made some users cautious about the circulating supply and distribution structure, prompting calls for verifiable data. As the network transitions to the mainnet, transparency will affect user confidence and the project’s competitiveness.

Pi Network is advancing upgrades to its cross-chain bridge technology to enable interoperability with other blockchains and improve the flexibility of Ji Coin’s applications. It has also introduced a KYB verification mechanism to support Web2 and Web3 enterprise onboarding. Smart contract development is underway as well; in the future, it may enable the construction of decentralized applications. If the rollout proceeds smoothly, Pi could expand into new growth opportunities in the Web3 market.

Pi Network launches new RPC servers, providing standardized tools for developers, supporting smart contract testing and simulation, and improving development security and efficiency. This marks its transition toward practical functionality, which may attract more developers and help advance the ecosystem, even though it still faces some challenges.

In 2026, the Pi Network mainnet rollout initiative has made progress, with more than 119,000 users completing a second migration, signaling a transition toward an “application-driven” model. Second migration allows users to transfer additional Pi balances into their mainnet accounts, but it requires KYC verification. The project team is proceeding carefully, has begun expanding real-world application scenarios, and despite disagreements within the community, the system as a whole is developing steadily; going forward, the key will be migration efficiency and the successful rollout of ecosystem applications.

Pi Network will advance the mainnet's second phase migration after Pi Day in 2026, with over 119,000 users participating. This upgrade allows users who have completed KYC verification to transfer referral rewards, accelerating identity verification. The system calculates mining and referral data one by one to ensure fair distribution. Users must enable two-factor authentication to transfer assets. The platform is also expanding application scenarios, shifting its focus from user growth to ecosystem development.

The Pi Network ecosystem has entered a critical stage of advancement, with over 119,000 users completing the second migration, marking progress in the mainnet expansion. Despite increased user activity, the number of PI on trading platforms has risen, and holders tend to circulate in the market, causing price pressure. The current price is about $0.18, down 94% from its peak. Future trends will depend on application implementation and real demand.

Pi Network announced a phased plan to upgrade nodes to v23. Version 21.2 will be deployed in April 2026, with future versions supporting smart contracts and enhancing node tools and autonomy. Market feedback is cautiously optimistic, but past delays have kept users on hold. The next few months will be a critical window.

Pi Network (PI) has experienced 7 months of low-volatility compression, leading to a clear change in market structure, with the current price around $0.1883. Recent volatility has rebounded above 100%, indicating a new phase in the market, but its rebound potential may be limited by its negative correlation with Bitcoin. Technical analysis shows a potential double-top pattern; if the price drops below $0.1894, it could fall to $0.1527. Short-term trends will be influenced by technical structures and changes in its correlation with Bitcoin.