Pi network just announced a major upgrade to its KYC, revealing that it has been listening to the community. Moreover, even as Pi coin value is looking undervalued, what lies ahead?
Moreover, this fresh update will also make it easier to onboard new users as it approaches mainnet launch.
The community previously complained about Pi Network’s lengthy and convoluted KYC process, which determines mainnet access.
According to a recent update, the Pi network introduced a Fast Track KYC feature, which will facilitate faster mainnet access.
New users previously had to complete 30 mining sessions before they were allowed to submit KYC applications.
The KYC requirements not only facilitate regulatory compliance but also access The Pi network mainnet wallet.
Users cannot transfer and use their Pi coins without a mainnet wallet. This latest upgrade means users will gain mainnet wallet without having to complete 30 mining sessions.
Pi Network Draws Closer to Full Mainnet Access
The Pi network has also announced another major network upgrade, this time in the form of the V23 upgrade.
The upgrade also brought the network closer to the Open mainnet which will offer full access.
For context, the Pi network mainnet still maintains some restrictions even after its major upgrade in February this year.
The Open mainnet launch will make Pi coin fully available with Pi coin taking on real money characteristics, especially as a value transfer medium.
However, full access to the general public also means the network has to be able to handle heavy transactions.
This was why the Pi core team focused on faster performance and higher KYC compliance as part of the upgrade.
Why are these upgrades important? A full access mainnet means Pi network’s dapp ecosystem might be about to kick into high gear.
A previous update revealed that Horizon 23 would offer developers more tools for dapp development.
Healthy dapp development could put Pi network on track to dive into robust utility. The jury was still out on the network’s ecosystem growth.
However, it was clear that the Pi network core team was making some interesting and noteworthy moves.
Why Pi Coin Value Is Struggling?
The potential for more excitement around Pi coin ticked higher considering the latest updates.
The cryptocurrency has been struggling to secure a bullish footing for months, with a few unsuccessful attempts here and there.
PI coin price hovered at $0.35, which was only about 8% away from its lowest price point in 2025.
That was just a month ago, which also means the cryptocurrency also traded at a heavy discount, by 88% from its historic top.
The extensive discount demonstrated signs of accumulation. Its RSI has been ticking higher in the last 3 months, and although Pi coin value has been relatively sideways, it tilted towards the upside.
The cryptocurrency’s money flow index also ticked higher in the last 7 days, confirming positive liquidity flows.
The recent upgrades to the Pi network might be the catalyst that its native coin needs to rejuvenate demand.
The community has also been waiting for news of major exchange listings. This could be the next major move for the network.
However, Pi coin still has a long way to go. Its lengthy development phase reflects its previous criticisms and declining price action.
These outcomes do not exactly inspire confidence, and it was unclear whether the latest developments will undo the sentiment shift.
Either way, it remains an uphill climb for Pi network, considering that rival networks were already miles ahead in key narratives such as RWAs and transaction remittance.