Pi Network continues to drive its development with a strong focus on open-source updates and wallet activation, aiming to improve the Mainnet experience. While these changes have generated positive momentum within the Pi ecosystem, they haven’t translated into significant market impact. This shift in emphasis has led to user expectations regarding major exchange listings or partnerships being unfulfilled. 2025 saw Pi Network leadership unveil a series of open-source updates and wallet activation on May 14, with a primary focus on enhancing the Mainnet. Notably, this announcement disappointed some users as it lacked major exchange listings. The team remains dedicated to building a robust and decentralized ecosystem, with the announcement highlighting improvements in user access and decentralization. Pi token activity has witnessed an increase on the Mainnet, but liquidity metrics and TVL remain unclear due to a lack of external exchange presence. While communities are expressing mixed feelings about progress within the open-source space, regulatory developments haven’t emerged, reflecting Pi Network’s current disconnect from mainstream crypto markets. The event was met with silence from prominent crypto leaders, further highlighting this gap in alignment.