Pi Network Testnet 25 activated, 15 days countdown for mainnet voting, the open process enters a critical period

Pi Network officially activates Testnet 25 today, with a full rollout scheduled at 21:00 UTC. This testnet update is seen as a critical step in the evolution of the mainnet, aiming to lay the foundation for upcoming mainnet technical changes and community governance votes. Meanwhile, the mainnet upgrade voting has been scheduled for January 22nd at 17:00 UTC. This indicates that Pi Network is entering a key preparatory phase, bringing it closer to further mainnet openness.

Testnet 25: A Key Upgrade from Testing to Mainnet

Substantive Progress in Technology

Testnet 25 builds upon previous upgrades such as Protocol 23, focusing on system-level optimizations. According to community announcements, the core improvements in this upgrade include:

• Preparation for underlying capabilities supporting smart contracts
• Enhancement and optimization of security tools
• Infrastructure support for more on-chain applications
• Improvements in network stability and security

The developer community generally considers this version as an essential infrastructure upgrade for the Pi ecosystem to evolve toward more complex application forms. In other words, Testnet 25 is not a minor iteration but a preparation for supporting more sophisticated application scenarios in the ecosystem.

Why Go Through the Testnet Phase

Pi Network adopts a cautious strategy of “test first, implement later.” Currently, the Pi mainnet remains partially closed, with functions like external wallet transfers and full node openness not yet fully enabled. The team emphasizes that the current core goal is to improve network stability, security, and real application scenarios rather than speed.

Although this approach may seem slow, it reflects the governance mindset of a mature project: better to proceed slowly than to compromise on security and user assets.

A Critical Moment for Decentralized Governance

Significance of Mainnet Voting

The mainnet upgrade vote on January 22nd will be a significant demonstration of Pi Network’s decentralized governance. At that time, Pi members will vote on whether to implement related changes on the mainnet. This mechanism is interpreted by the market as a signal of further openness of the mainnet and as the community’s direct participation in the network’s development direction.

Current Ecosystem Status

These figures show that Pi Network has already reached a considerable scale. The 17.5 million KYC users indicate a substantial real user base, and while 215 applications still lag behind other blockchains, they demonstrate ongoing ecosystem development.

Market Context and Liquidity Considerations

According to the latest data, Pi (PI) is currently priced at $0.211414, with a market cap of approximately $177 million, ranking 46th in the cryptocurrency market cap list. The 24-hour trading volume is $11.11 million.

In terms of circulating supply, only 8.38% of the total supply is in circulation (circulating 8.38 billion out of 10 billion), meaning most tokens are still locked. An expected unlock of 134 million PI in January will test the ecosystem’s ability to absorb the increased supply.

Future Focus Areas

Based on the current development pace, several key dates are worth noting:

• Today at 21:00 UTC: Full launch of Testnet 25, monitor network performance
• Mid-January: Unlocking of 134 million PI, observe market reactions
• January 22nd at 17:00 UTC: Mainnet upgrade vote, which will directly impact Pi Network’s openness progress

Summary

The activation of Testnet 25 marks another technological advancement for Pi Network, providing a foundation for smart contracts and more complex applications. The upcoming mainnet vote reflects the project’s commitment to decentralized governance. From current ecosystem data, Pi Network has accumulated a substantial user base and applications, but continues to adopt a steady, security-first approach. While this pace may seem slow to some users seeking rapid growth, it demonstrates the project’s focus on long-term sustainable development. The key upcoming factors are the actual performance of Testnet 25 and the results of the January 22nd vote, which will significantly influence the mainnet’s openness.