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Key Takeaways:
- Pi Network delays are linked to massive user growth, not fraud.
- Exchange listings and new features like Banxa integration point to real-world adoption.
- Continued mainnet upgrades signal development is on track, despite price stagnation.
As skepticism surrounding Pi Network continues, one of its most vocal analysts, Dr. Altcoin, has offered clarity on the delays that have plagued the project. Despite initial concerns about missed deadlines and a delayed Open Mainnet launch, the crypto expert now believes Pi Network’s slow rollout stems from unanticipated exponential growth — not deception.
Delays Fueled by Rapid Global Expansion
Dr. Altcoin, who once considered calling out Pi Network as a potential scam, reversed course after surveying nearly 5,900 community members. A majority 52% expressed trust in the project’s legitimacy. That trust was bolstered in February 2025 when Pi Coin was listed on major exchanges such as OKX, Bitget, MEXC, and later Swapfone, a regulated U.S.-based mobile-first exchange.
The only time I ever doubted whether Pi Network might be a scam was when the Pi Core Team repeatedly broke its promises and postponed the Open Mainnet after December 2024. As a sensible and logical person, I responded by conducting a poll in January 2025 and set myself an… pic.twitter.com/D8deFp9zsq
— Dr Altcoin (@Dr_Picoin) July 29, 2025
He emphasized that the network’s growth — expanding from a few million to over 65 million users across 200+ regions — has forced the team to rethink infrastructure timelines. “It remains a huge, ongoing buildout,” he said.
Key Milestones Strengthen the Bullish Outlook
Despite ongoing delays, Pi Network has quietly racked up major achievements:
- Pi Node v0.5.3 Released: The update brings enhanced functionality to the Pi blockchain explorer and introduces automatic updates for easier node maintenance.
- Banxa Integration: The on-ramp/off-ramp partnership enables users to buy and sell Pi Coin using Apple Pay, Google Pay, and traditional cards — a key move toward everyday usability.
- Exchange Listings: Listings on major centralized exchanges have brought Pi to the mainstream, expanding access and liquidity.
These milestones suggest long-term value building despite current frustrations within the community.
Community Frustration vs. Continued Development
As development continues, the Pi Core Team has urged users to complete step three of the Mainnet checklist: enabling two-factor authentication in the Pi Wallet. This is vital for transferring tokens from the testnet to the mainnet, and may be a precursor to bigger ecosystem updates.
Meanwhile, the Pi Coin price remains in a narrow band between $0.43 and $0.45. Expert trader BOSSMD recently observed a breakout above a descending trendline and sees a potential retest of the $0.465 resistance if support holds steady.
Also Read: Pi Network Gains New Exchange Listing as Community Awaits Bigger Moves
While delays have sparked concern, experts like Dr. Altcoin see Pi Network’s evolution as a sign of scale, not scam. The team’s commitment to infrastructure upgrades, regulatory partnerships, and ongoing development paint a picture of a long-haul crypto project adapting to unexpected success.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
