#PI 【Breaking News】Pi Network experiences three major changes: Decentralization implementation and ecological surge sparks controversy

On May 21, 2025, at 18:00, Pi Network founder Nicolas announced three major changes through a community live stream, causing a severe upheaval in the cryptocurrency market:
■The mainnet is fully decentralized
Starting today, Pi Network officially switches to a Decentralization governance model, with 180,000 nodes globally completing standardized deployment, and transaction confirmation speed increased to 5000+ TPS. The previously controversial issue of "supernode centralized control" has come to an end, and on-chain data will achieve full node transparent verification.
■The mapping channel for China is permanently closed.
In response to regulatory pressure, the project team announced the termination of mainnet asset mapping services for users in China. Approximately 6 billion Pi held by 4.5 million Chinese users who have not completed KYC will be permanently locked. This move led to a sharp reduction in circulation by 8.3%, and the off-market price rose by 27% to $0.85, but the community questioned whether this action goes against the original intention of "inclusive finance."
■Ecological applications explosive expansion
The mainnet has synchronized access to 12,000 new applications, covering areas such as cross-border payments and supply chain finance, among which 314 applications have been certified by the EU MiCA regulations. Notably, the officially launched "Pi Commerce" barter platform supports fiat currency exchanges from 50 countries, while Ukraine has designated PI as the sole digital currency used for arms trading.
Market analysts pointed out that Pi Network achieved a technological breakthrough, deflationary stimulus, and liquidity release at the same time within 24 hours, which is the first time in the history of cryptocurrency. However, its declared "pi target price" of 314159 US dollar is still regarded by the industry as a numerical superstition, and the deviation between the current market value and the actual value of the ecosystem is as high as 380 times, and investors need to be wary of the risk of violent fluctuations.