Pi Network Brings Key Updates to Consensus 2025 With 55M Users and Mainnet Live

By: cryptonews|2025/05/08 10:15:01

Pi Network will take part in Consensus 2025, one of the largest international crypto events, held in Toronto from May 14 to 16. The event, organized by CoinDesk, will host over 6,800 companies, 400 startups, and attendees from more than 100 countries. The Pi Core Team is set to showcase its Open Mainnet, which launched in February 2025. According to official Pi Network materials, the project has surpassed 55 million users globally. Thousands of decentralized applications now operate on the network, built using its mobile-first architecture. Dr. Nicolas Kokkalis, the Pi Network founder, is scheduled to speak at the event. This will be the platform’s first official presentation at a global blockchain conference. His session is expected to provide technical details on Pi Network’s infrastructure and its approach to decentralized access. Pi Network’s Presence Aligns With Industry-Scale Engagement The event’s scale creates opportunities for Pi Network to engage with infrastructure providers, developers, and institutional backers. While no funding announcements have been confirmed, the structure of Consensus 2025 allows discussions with key investors, product teams, and platform builders. The Pi Core Team will use the event to provide updates on its developer tools and ecosystem support. Project representatives are also expected to join several technical forums where open blockchain platforms and mobile-first networks will be discussed. The project’s official roadmap, developer programs, and Mainnet status will guide its discussions during the event. Pi Network Coin Price Stays Below Key Moving Average The Pi Coin (PI/USDT) price on OKX hovered near $0.5820, marking a 0.31% drop in the last session. The price continues to trade below the 50-period Exponential Moving Average (EMA), which stands at $0.5948. Since mid-March, the chart shows a consistent downward trend. The price dropped sharply from above $1.80 in March to under $0.60 in April. Temporary recoveries have failed to cross the EMA resistance line. In early April, a short-lived rebound pushed the price toward $0.80 but was followed by a renewed drop. By late April and early May, trading activity began to flatten, with the price consolidating around the $0.58 mark. Volume on May 7 registered at 2.7 million, indicating moderate market engagement ahead of upcoming events. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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