As of August 12, 2025, the core team of Pi Network has achieved a key milestone in the testnet phase: the total number of nodes has exceeded 480,000, an increase of 15.7% compared to last month. Among them, the proportion of trusted nodes has reached 62.3% (requiring Yoti KYC certification and staking 100GB of storage resources). The latest technical white paper v0.5 version shows that after the consensus algorithm is optimized, the transaction processing speed has been increased from the original 15 TPS (transactions per second) to 1000 TPS, and the median latency has been compressed from 4.3 seconds to 0.2 seconds. Specific case: The Vietnam node cluster processed 2.7 million transactions in a single day during the stress test, with an error rate of less than 0.01%, which is 12 times more efficient than the Ethereum testnet. This type of pi network news directly affects the expectations of the mainnet launch. Community predictions show that the probability of the mainnet launch has risen from 35% at the beginning of the year to 68% currently.
The compliance process has made a breakthrough. The S-1 filing submitted by Pi Network’s legal team to the SEC shows that its token distribution model has passed 77 compliance indicators (out of a total of 100) of the US securities law Howey test. The document data confirms that among the current 123 million active users, 93% have passed the geographical dispersion verification (22% in North America, 41% in Asia, and 19% in Europe), which can avoid the risk of regional concentration of regulation. The key deadline is for the completion of license applications in 28 jurisdictions (including the Monetary Authority of Singapore (MAS) and FINMA in Switzerland) by Q4 2025, with the current progress reaching 64%. Regulatory case reference: The Ripple lawsuit caused the price of XRP to plunge by 56% in a single day, while the Pi core team had prepared a compliance budget of up to 120 million US dollars, specifically for risk response.
The ecosystem has seen explosive growth, with the number of DApps on the Pi chain surging to 1,840, with 128 new applications added in a single week (a growth rate of 7.4%). Data from PiCard, a leading player in the payment field, shows that there are over 18,000 integrated merchants (up 210% from 90 days ago), with an average daily transaction volume of 2.7 million US dollars and an average handling fee of 0.3%, which is only one-tenth of Visa’s. In practical applications, for instance, the Philippine e-commerce platform ShoppiPi has achieved a payment settlement time of 0.5 seconds through the Pi SDK, and the average transaction conversion rate has increased by 19%. The user behavior sample (n=50,000) confirmed that 67% of the holders are willing to stake tokens to obtain the right to ecological governance. The annualized yield of staking is expected to be between 3.8% and 5.2%, driving the network locked value (TVL) to exceed 90 million US dollars.
Security threat incidents need to be taken seriously. Chainalysis’ monitoring report indicates that phishing apps imitating Pi Network have been downloaded over 500,000 times on Google Play, causing users to lose approximately 2.3 million US dollars (with an average theft amount of 46 US dollars per transaction). The technical team’s response speed set a record: The security patch in July 2025 covered 98% of the nodes within 1.2 hours after the vulnerability was exposed, far exceeding the industry average response cycle of 12 hours. Historical lessons such as the $625 million Axie Infinity hacking incident in 2022 forced Pi Network to deploy a zero trust architecture (ZTA), splitting and storing private keys in three geographically isolated regions, and the attack success rate dropped to the order of 10⁻⁷.
Liquidity expectations have triggered market fluctuations. OTC platform data shows that the 24-hour fluctuation range of Pi futures prices has reached ±18.9% (the highest is 32.7/the lowest is 26.8), which is due to the announcement by Huobi Exchange that it plans to launch the Pi/USDT trading pair (with an estimated probability of 67%). Liquidity pool tests show that if 5% (about 5 billion) of the liquidity is released after the mainnet is opened, at least 8 market makers need to provide daily liquidity support of 240 million US dollars; otherwise, the price volatility may exceed 40%. Referring to the 52% price pullback of Stellar (XLM) in the first week of its mainnet launch in 2019, the 30% staking lock mechanism in the Pi economic model may reduce the peak selling pressure in the first month by 26%.