$PI Pi Network Latest News (As of February 23, 2026)

1. Key Milestone: Pi DEX Scheduled for March 12
Official Confirmation: Pi DEX (Decentralized Exchange) will launch on the mainnet on March 12, 2026
Upgrade Path: v19.6 completed → v19.9 in progress → target v20, with Testnet 2 simultaneously shutting down
Features: Enable peer-to-peer trading, DEX liquidity, and asset exchange within the mainnet
2. Ecosystem and Data (February 2026)
Mainnet Applications: 16.2 million+ (2025: 10.1 million)
Local Business (Pi Map): 148,000+ merchants, 2.1 million+ users
KYC On-Chain: Approximately 17.7 million users migrated
Token Price: Fluctuating in the range of approximately $0.15-$0.20
3. Technology and Compliance
Completed EU MiCA whitepaper registration, progressing compliance
Mainnet supports Stellar smart contracts and ZK proofs
January 2026: Unlocking 136 million PI for ecosystem incentives, DEX liquidity, and developer funds
4. Market and Risk Warning
Price has dropped about 90% from the peak after mainnet launch in 2025
In 2026, 12.1 billion PI will be unlocked, creating significant selling pressure
Approximately 80 active DApps, ecosystem applications still relatively few...