A 134 million PI unlock is scheduled for January after an 8.7 million unlock in December, amid a bearish run that shed 12% last month.
Pi Network kicked off 2026 with steady progress across wallet mapping, Mainnet migration, and ecosystem app growth. The project is preparing for a larger PI token unlock in January, which will add new supply to circulation.
As of early January 2026, Pi Network reported more than 17.5 million users who fully passed know-your-customer (KYC) verification. The project also reported about 15.8 million users migrated to the Mainnet. Blockchain data tracked roughly one million Pi tokens mapped to user wallets each day as the mapping rate remained consistent.
Pi Network framed the pace as stability-focused, tied to security checks and infrastructure readiness. KYC work continued in parallel through Fast Track KYC and process updates designed to reduce backlogs.
CNF earlier reported that Pi Network successfully upgraded its testnet DEX and AMM tools to improve usability for Pioneers. The update introduced a redesigned interface, shifted trading pairs to be Pi-denominated to concentrate liquidity, and added liquidity pool features intended to improve price.
Pi Network scheduled a 134 million PI token unlock for January after an 8.7 million unlock in December. The larger unlock places attention on real usage inside the Pi ecosystem. Developers and community contributors pointed to payments, services, and app-based demand as key areas to absorb added supply.
Testnet environments also remain active for decentralized exchange features, including AMM liquidity pools, ahead of any mainnet rollout.
Additionally, Pi Network completed its Testnet2 integration with smart contracts. This enabled end-to-end contract execution and on-chain state changes across coordinated core modules. The update signaled lower transaction fees and added tooling upgrades, including Linux runtime support, as CNF earlier reported.
App development also increased after Pi Hackathon 2025, with over 215 completed Mainnet apps referenced in project updates. As we previously covered, Pi App Studio remained central to expansion by lowering technical barriers for creators.
Pi coin reported that creators published more than 13,400 chatbot apps and 24,400 custom apps through the studio. The studio also added options to download, customize, and reupload code for iterative development.
Infrastructure work continued through node software and protocol updates. Pi updated node software from versions 0.5.2 to 0.5.4 and rebranded the client as Pi Desktop.
Also, the network released a Pi Linux Node package for standardized and self-updating operations. On the protocol side, upgrades moved from version 19 to version 23 for added network control and functionality. Pi reported over 350,000 nodes on Testnet, representing more than one million CPUs.
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