Gate News message: In 2026, the Pi Network mainnet rollout reached a new milestone with the addition of a new node. The project team confirmed that over 119,000 users have completed the second migration. This data marks an important stage in the network’s transition from “mining-driven” to “application-driven.” The progress began after Pi Day 2026, when the system started opening the second migration feature in batches.
The so-called second migration refers to, after the first mainnet migration is completed, allowing users to transfer additional Pi balances into their mainnet accounts, including rewards obtained through referral mechanisms. However, this process has clear thresholds: referred members must complete KYC verification, otherwise the corresponding rewards cannot be unlocked. This mechanism directly impacts the amount of assets users can ultimately migrate and also encourages the community to accelerate identity verification.
From an operational perspective, second migration involves complex data calculations, including different mining cycles and user activity records. To ensure accuracy, the team conducted multiple rounds of testing before the official launch, so the rollout has been relatively cautious. Meanwhile, the project continues to prioritize completing the migration process for the first batch of users to ensure that early participants’ rights and benefits are not diluted. The official emphasizes that both phases are progressing in parallel, but the first phase always takes precedence.
In terms of ecosystem development, Pi Network is gradually expanding practical application scenarios. With the launch of tools such as Pi Launchpad and Pi App Studio, some applications now support mainnet interactions. Users are no longer limited to single mining activities but are beginning to participate in a broader range of on-chain activities. This shift further underscores the significance of second migration, helping to improve token circulation efficiency and increase network activity.
However, disagreements still exist within the community. Some users have fallen behind due to delays in KYC review or because they have not yet completed the first migration, leading to differing sentiments. Nevertheless, current data shows that the system continues to advance steadily. The key moving forward will be whether migration efficiency, ecosystem application deployment, and user growth can sustain, as these factors will directly determine whether Pi Network can successfully transition into a real economic system.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pi Network Requires Mainnet Upgrade to v22.1 by April 27 or Risk Disconnection
Pi Network announced a mandatory upgrade to Protocol version 22.1, requiring completion by April 27, 2026, to maintain network connection. The upgrade is seen positively for enhancing security and performance, with next version expected by May 11, 2026.
GateNews11h ago
Pi Network V23 Upgrade to Launch Smart Contracts, DApp Ecosystem, and DEX Next Month
Pi Network will launch its V23 upgrade next month, featuring smart contracts, a DApp ecosystem, and a decentralized exchange. With over 18 million KYC-verified users, this upgrade moves Pi towards practical applications and utility in its ecosystem.
GateNews04-16 05:41
Pi Network Agreement 23 Targets the Institutional Market, Smart Contracts, and RWA Tokenization to Launch in Early May
Pi Network officially went live with Protocol 23 on May 18, bringing smart contracts, real-world asset tokenization, and the AI App Studio, enabling Pi to transform from a payment token into a programmable blockchain infrastructure. The protocol covers four major functions, similar to Ethereum, and is expected to attract institutional investors. The upgraded node milestones signal market confidence and may affect Pi’s price performance.
MarketWhisper04-15 03:02
Pi Network 18 million users complete KYC, and 26.5 million PI are issued to verifiers
Pi Network distributes 26.5 million PI tokens to more than 1 million community members who have completed KYC verification, to accelerate user identity verification and strengthen the decentralized model. 18 million already-verified users have laid the groundwork for the ecosystem’s development, but the key lies in how to convert these users into active participants. With the protocol upgrade, Pi Network is moving toward the open network phase, and smart contract support signals richer application scenarios.
MarketWhisper04-14 05:07
Pi Network price hits a new 7-week low as a wave of 60 million token unlocks comes in
Pi Network's native token PI fell to $0.165 in April, hitting a 7-week low and leaving market sentiment weak. The unlock peak will release more than 60 million PI, adding downward pressure. Despite the core team recently publishing technical updates, it failed to improve market confidence and instead drew community criticism due to KYC access issues and the ongoing slide in price. Increased future supply could further drive prices lower.
MarketWhisper04-14 02:50
Pi Network Distributes 26.5M PI to 1M KYC Validators
Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators.
These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that
Coinfomania04-13 13:30
