Pi Network has announced the release of new Mainnet wallet activation features. This allows millions of identity-verified Pioneers to participate directly in the Pi Mainnet ecosystem. This includes those fully and tentatively KYC’d. As a result Pi Coin has seen an over 67% increase in the trading volume and a positive price trajectory.
The development marks a significant stride in Pi’s commitment to inclusivity and decentralization, unblocking access for more users. It basically allows users to engage in on-chain activities such as Pi apps, local commerce, and headline events like the .pi Domains Auction.
Read: Pi Network Users Can Now Spend Coins with a Reloadable VISA Card
Wallet Activation Now Available to KYC’d and Tentatively KYC’d Pioneers
Until now, wallet activation depended heavily on completing Mainnet migration, a process that involved complex verifications and steps to ensure fair token distribution. With the latest update, Pi Network has decoupled wallet creation from migration—empowering eligible Pioneers to instantly create and use Mainnet wallets directly via the Pi Wallet app in the Pi Browser, even if their migration is still pending.
The change opens up new avenues for engagement without compromising network integrity, as it still requires identity verification through KYC or KYB. This shift broadens ecosystem inclusion and aims to fast-track Pi’s journey toward utility-driven adoption.
Related: Pi Network’s Bearish Trend May Reverse with the Upcoming HTX Listing
In a parallel effort to onboard non-users, Pi Network has also introduced a feature that lets individuals outside the ecosystem create a Mainnet wallet, provided they pass KYC through approved third-party services. The first such integration is with Banxa, a KYB-verified service. It now allows eligible individuals in supported regions to get started without needing to mine for 30 days first.
While this third-party KYC option currently operates in beta and may undergo future adjustments, it marks a bold move toward external KYC authority expansion. It also signals Pi’s openness to scalable partnerships that uphold rigorous standards.
Pi Network Price Performance
Pi (PI) has shown signs of recovery in the market. After a 7.3% drop earlier in the week, the token has rebounded 1.68% in the last 24 hours, trading at $0.5918. Even more significantly, trading volume surged by 67.8%, reaching $71.78 million, suggesting renewed investor interest and ecosystem activity.
With a market cap of $4.17 billion and a circulating supply of over 7 billion PI tokens, Pi is currently ranked 27th, down from 11th several weeks ago.
The rollout of Mainnet wallet activation for a wider base could be a watershed moment for the Pi Network. It’s a leap toward inclusivity, utility, and adoption. With developers now gaining access to a broader base of wallet-enabled users, the ecosystem could see a burst of activity.
