Pi Network, which is attracting attention as a mobile mining platform, achieved a cumulative total of 131 million downloads by November 2024. We will explain the growth process from its launch in March 2019 to the present, divided into four important development phases.

Pi Network Growth Phases

Phase 1: Initial Growth Period (2019-2020)

When the service launched in 2019, it started modestly with several thousand downloads per month, but gradually grew, reaching 1 million downloads per month by December 2020.

Phase 2: Rapid Growth Period (2021)

2021 was a year of remarkable growth, achieving a record-breaking 7.6 million downloads per month in February. Download numbers remained stable thereafter, maintaining a pace of 2-4 million per month.

Phase 3: Stabilization Period (2022-2023)

During this period, downloads fluctuated between 1-2 million per month, showing slower growth compared to before. However, this period played an important role in strengthening the project’s foundation.

Phase 4: New Growth Period (2024)

In March 2024, it recorded 7.5 million downloads per month, entering a new growth phase. In April, it achieved 3.5 million downloads, and has continued stable growth of 2-3 million downloads per month since then.

Future Outlook

Pi Network is scheduled for a full Mainnet migration by the end of 2024, which is expected to move the project into a new phase. It has grown to a scale with over 47 million users in more than 47 countries, and its innovative approach of cryptocurrency mining on smartphones has gained support from many users.

Technical Features

A key feature of Pi Network, unlike traditional cryptocurrency mining, is that mining is possible with just a smartphone. This eliminates the need for expensive mining equipment and significant power consumption, creating a platform that anyone can easily participate in.

Currently, the project is focusing on strengthening KYC (Know Your Customer) and expanding utility, aiming for sustainable growth.