The Pi Network community is eagerly anticipating the launch of the Pi DEX mainnet, a decentralized exchange designed to shift price control from centralized exchanges (CEX) to users and ecosystem productivity. On November 10, 2025, X user @dannamviet announced that Pi DEX will eliminate long-standing price manipulation by CEXs through speculation and synthetic trading, ensuring Pi's value is determined by real productive forces within the ecosystem.
Pi DEX will utilize smart contracts to guarantee all transactions are conducted with actual Pi tokens, marking a significant milestone following Pi Network's open mainnet transition in February 2025, which expanded Pi's use in decentralized applications and digital commerce. The new mainnet will peg Pi's price to genuine ecosystem activity—such as the number of active nodes, dApps, and users—rather than speculative pricing. Currently, Pi boasts over 350,000 active nodes globally, forming the computational backbone, and has grown to over 433 million users as of Q4 2025, with a circulating supply of 423 million Pi.
Founded by Stanford graduates in 2019, Pi Network evolved from an enclosed mainnet in December 2021 to an open mainnet, enabling real-world transactions. Key stakeholders include nodes securing the network, developers building dApps for utility, and Pioneers mining Pi via mobile apps, driving daily ecosystem growth. The DEX's structure, based on smart contracts and an open order book, will prevent large holders from manipulating prices or creating fake liquidity, fostering price stability and user trust. However, the Pi Foundation has not officially confirmed the mainnet date or smart contract details.
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