Pi Network has experienced a massive migration with 770,000 occurrences! Countdown to v24 upgrade and Mainnet explosion.

The daily migration volume of the Pi Network's Mainnet has reached 770,000, indicating that user readiness is continuously improving. In the past 24 hours, over 770,000 Pi coins have been migrated to the Mainnet, bringing the total supply of migrated coins close to 8.3 billion Pi. The network is preparing to upgrade to stellar-galexie v24.1.0 to ensure better stability and throughput for the upcoming Mainnet tools.

Daily migration volume reaches new heights indicating ecosystem maturity

(Source: X)

Pi Network has experienced one of the strongest surges in on-chain transaction volume this year. Community data shows that over 770,000 Pi coins were migrated to the Mainnet within 24 hours, highlighting the increasing readiness of the entire ecosystem. The latest wave of migration peaks marks a significant acceleration in the development progress of the Pi Network Mainnet, as community trackers reported this sharp increase earlier on Tuesday.

According to reports, from 9:32 AM on November 17 to 9:22 AM on November 18, nearly 770,000 Pi coins migrated to the Mainnet. According to the latest blockchain explorer data, this migration brought the total mining rewards close to 8.3 billion Pi coins. This number has multiple significances. Firstly, it represents that an increasing number of pioneer users are completing KYC verification and unlocking their balances, preparing for the long-awaited transition milestone of the network. Secondly, the daily migration volume of 770,000 sets a historical high, indicating that users' confidence in the launch of the Mainnet is strengthening.

The accelerating migration speed has inspired many users, seeing it as a clear signal. Each wave of migration contributes to enhancing the liquidity, application adoption rate, and developer testing capabilities of both the Mainnet and testnet environments. From the perspective of the Pi Network ecosystem development, the surge in migration volume is not just a numerical increase; it represents real users transferring tokens from a closed mining system to a tradable Mainnet environment. This is a crucial step for Pi's transition from a “mining game” to a “real blockchain.”

The continuous growth of data migration also reflects the smooth progress of the KYC verification process. Pi Network requires all users to complete identity verification in order to migrate their tokens to the Mainnet, a strict KYC requirement that is not common in cryptocurrency projects. Although this has delayed the full opening of the Mainnet, it ensures the authenticity of users and lays the foundation for future compliant listings. The current daily migration volume of 770,000 shows that the KYC bottleneck is gradually being resolved.

From a total perspective, the migration of 8.3 billion Pi accounts for a considerable proportion of the total supply of Pi Network. Although the official total supply figure has not yet been announced, the community estimates that the total amount may be around 100 billion coins. If this estimate is accurate, approximately 8.3% of the supply has been migrated so far. While this proportion is not high, considering the strictness and time requirements of KYC verification, it is already a significant progress.

stellar-galexie v24.1.0 upgrade strengthens the underlying technology

The technical aspects are also advancing rapidly. Pi Network is expected to upgrade to Stellar-galexie v24.1.0 version soon. The Stellar development team released a new version last week, which includes performance improvements, load testing features, API optimizations, and codebase restructuring. Pi developers have noted that the Pi version of the protocol is being prepared to align with these changes.

Although the specific timing for the upgrade of the Pi Network has not been announced, community engineers believe that this upgrade will bring better stability and a smoother operational experience to the upcoming Mainnet tools. These improvements also lay the foundation for future applications that rely on higher throughput and more efficient backend tools. The v24.1.0 upgrade is an important milestone in the technological evolution of the Pi Network, marking the project's transition from the testing phase to a production-grade system.

Core improvements of stellar-galexie v24.1.0 upgrade

Performance Enhancement: Optimizing transaction processing speed and block generation efficiency to increase network throughput.

Load Testing Function: Enhance network stability under high concurrency conditions, preparing for a surge in users.

API Optimization: Improve the developer interface to make dApp integration simpler and more efficient.

Codebase Refactoring: Enhance code maintainability and scalability, laying the foundation for long-term development.

From a technical architecture perspective, Pi Network is custom developed based on the Stellar protocol, which is a strategically significant choice. Stellar is a blockchain infrastructure that has been validated over many years, and its consensus mechanism (Stellar Consensus Protocol) strikes a good balance between speed, cost, and decentralization. By inheriting Stellar's technological updates, Pi Network can continuously benefit from the development results of the Stellar community while focusing on its own unique feature development.

The timing of the v24.1.0 upgrade is also worth noting. The technical upgrade is being pushed against the backdrop of a new high of 770,000 daily migrations, indicating that the Pi Network team is preparing for a larger influx of users. If the network's stability and throughput significantly improve after the upgrade, it could further accelerate the migration process, creating a positive feedback loop.

Pi App Studio Revamp Empowers Developer Ecosystem

As the Pi Network prepares for a deeper upgrade, the activity level of the Pi ecosystem continues to grow. The official environment for building Pi applications, Pi App Studio, has undergone significant revisions, with a new interface that introduces a more optimized workflow and more intuitive developer tools, aimed at helping Pi developers create smarter applications, improve existing applications, and put new ideas into practice before the Mainnet launch.

The revision of Pi App Studio has strategic significance for the ecosystem. The value of a blockchain ultimately depends on the number and quality of applications running on it. Ethereum has managed to maintain its leading position largely due to its vast dApp ecosystem. Although Pi Network has a large user base (officially claiming over 50 million registered users), the actual available applications are relatively limited. By providing more user-friendly development tools, Pi Network hopes to attract more developers into the ecosystem to establish diversified applications such as payments, games, and social networking.

The improved workflow of the new Pi App Studio includes a more streamlined project initialization, more intuitive API documentation, and more powerful testing tools. These improvements lower the development threshold, allowing traditional developers, even those lacking blockchain development experience, to get started more quickly. More importantly, the revamped tools provide a better testnet environment, enabling developers to test application logic without consuming real Pi, thereby reducing the cost of trial and error.

Gate exchange airdrop event highlights community activity

Gate.io has launched its 23rd airdrop event, where participants can earn up to 100 PI and 100 USDT through Gate Futures Points. This event reflects the growing enthusiasm of retail users and provides additional incentives for users to remain active during the transition phase. The number 23 of the airdrop itself signifies Gate.io's long-term commitment to the Pi Network community, and this ongoing community incentive activity helps to maintain user engagement.

The combination of airdrop activities and Gate has strategic significance. Gate Futures Points is the points system of Gate exchange, and through this collaboration, the Pi Network community has established a link with mainstream cryptocurrency exchanges. This connection not only provides Pi users with opportunities to participate in a broader crypto ecosystem but also paves the way for the potential listing of Pi on mainstream exchanges in the future. As a community exchange, Gate often hosts activities that are more aligned with user needs, and rewards of 100 PI and 100 USDT are attractive to ordinary participants.

As the number of migrations rises, the protocol upgrade approaches its conclusion, and developer tools continue to improve, the overall sentiment within the Pi Network community remains high. Many believe these signs indicate that the Pi Network ecosystem is maturing, preparing for larger-scale version releases, stronger liquidity, and more practical applications. As Pi Network gradually completes its milestone tasks in November, the combination of technological upgrades and user activity suggests that the project is entering one of its most significant phases to date.

This momentum is also echoed by a series of activities such as testnet tools, developer platforms, and the release of new protocols, which have been launched successively in November. The plan is actively preparing for the next major upgrade. From the timeline perspective, November may become a key month in the development history of Pi Network, with multiple important nodes advancing synchronously within this time window.