The mainnet migration process of Pi Network briefly resumed on March 10. After successfully transferring approximately 85,000 Pi to user wallets, the migration was paused again. Currently, the circulating supply of the Pi blockchain is about 9.66 billion coins, still far from the maximum supply of 10 billion coins; over 17.7 million pioneer members who have completed KYC verification are awaiting the completion of their balance migration.
Current Migration Status: The Technical Reality Behind the 9.66 Billion Circulating Supply
The transfer of 85,000 Pi represents the latest progress in Pi Network’s ongoing effort to migrate mined tokens from the early system to the mainnet blockchain. Blockchain explorer data shows that during the brief restart, numerous small transactions occurred, helping to distribute the mined Pi to verified users’ wallets.
From an overall perspective, the circulating supply of 9.66 billion remains well below the 10 billion maximum supply cap, indicating that the migration project is quite large in scale. The core team aims to migrate thousands of wallets daily, but repeated pauses also suggest the system is still undergoing gradual adjustments. The over 17.7 million users who have completed KYC are the primary beneficiaries of the current migration, as only wallets that have passed KYC verification can receive mainnet tokens.
Security Warning: Scam Websites Exploiting Migration Activity
As migration activity gains attention, security risks within the community also increase. Scammers are spreading fake links and phishing sites disguised as official migration assistance services, attempting to trick users into revealing wallet recovery phrases. Community members and security experts offer the following protective advice:
Never share private keys or seed phrases: Any website or individual requesting this information is a scam.
Keep a small amount of Pi as a fee: Ensure your wallet has enough small Pi to pay on-chain transaction fees.
Wait for all confirmation indicators: Before completing migration, verify that all nine confirmation indicators have appeared.
Use only official channels: Conduct all operations through the official Pi Network app; do not rely on third-party “accelerator services.”
v20.2 Mandatory Upgrade and Development Progress
The deadline for the v20.2 protocol mandatory upgrade is set for March 12. All node operators must complete the upgrade by this date; failure to do so may risk disconnection from the network. This is also considered one of the key technical reasons for the temporary pause after the brief restart of migration.
On the development front, community observers note that Pi Network’s open-source development tools have recently been updated. Reports indicate that the team has enabled AI-assisted code review tools that automatically examine code and suggest improvements, helping to accelerate vulnerability fixes and enhance network stability.
Regarding the release of Pi DEX (decentralized exchange), the community is actively discussing it, but no official announcement has confirmed a specific date yet.
Frequently Asked Questions
Q: Why has the Pi Network mainnet migration repeatedly paused?
A: Pi Network’s migration is large-scale. Each transfer requires system verification of KYC status, on-chain confirmation, and technical review. Repeated pauses are common during large batch migrations, reflecting the core team’s adjustments to technical parameters, protocol upgrades (like v20.2), or system stability assessments.
Q: How can I tell if migration information related to Pi Network is a scam?
A: Any request for private keys, seed phrases, or instructions to visit third-party websites for migration is a scam. All official migration operations are conducted through the official app; third-party services are unnecessary. When encountering suspicious links, verify wallet status directly through the official app.
Q: What is the v20.2 upgrade, and why is the March 12 deadline important?
A: v20.2 is a mandatory protocol upgrade for Pi Network node operators, with a deadline of March 12, 2026. Nodes that do not upgrade may face disconnection from the network. This upgrade is a key part of Pi Network’s ongoing efforts to modernize the mainnet infrastructure and is closely related to the recent migration pauses.
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