Nicolas Kokkalis Updates Community on Pi Network Priorities

Pi Network founder Nicolas Kokkalis shared a fresh update on February 26. He is outlining what the project is currently working on. The video comes just days after the network marked one year since its Open Network launch anniversary. 

What is the network working on now?

Pi Founder Nicolas Kokkalis offers an overview on how the network will continue the general work that matters to Pioneers such as KYC and Migration, and to developers such as improving and expanding the tools that enable them to build easier… pic.twitter.com/Njd4lp6Wyv

— Pi Network (@PiCoreTeam) February 26, 2026

Kokkalis said the team remains focused on key items that matter most to users. Especially KYC verification and Mainnet migration. He also highlighted ongoing work to improve developer tools and expand real utility across the ecosystem. The update arrives as Pi coin trades around $0.16-$0.19. It follows recent volatility and mixed community sentiment.

One-Year Milestone Since Open Network Launch

The update builds on momentum from Pi Network’s first Open Network anniversary. Recent official metrics show the ecosystem has grown steadily over the past year. The network reports that about 17.7 million users have completed KYC. Meanwhile, more than 16.2 million Pioneers have migrated to Mainnet.

In addition, the ecosystem now includes over 300 Mainnet apps and more than 421,000 active nodes. Founders have repeatedly stressed that Pi’s model is different from many crypto projects. They point to its mobile-first mining approach, absence of an ICO and heavy focus on verified real users. According to the team, the long-term goal is building real utility rather than chasing speculation.

Current Priorities Focus on KYC and Migration

Nicolas Kokkalis made it clear that finishing KYC and migration remains the top operational priority. The team is working to increase processing speed. Also, it unblocks more users who are waiting in the queue. He noted that improvements in automation and AI assisted verification should help scale the system.

The network is also preparing for validator rewards. Which are expected to roll out soon, possibly by the end of the current quarter. These incentives aim to strengthen the verification process and improve throughput. Still, some users continue to voice frustration about delays. Replies under the update show many Pioneers are still waiting for full migration or second migration access.

Developer Tools and Utility Expansion

Beyond user onboarding, Pi Network is also pushing hard on the builder side. Nicolas Kokkalis said the team is improving SDKs and developer tools to make app creation easier. The Pi App Studio is also expanding with more AI assisted features. The goal is to lower technical barriers so more developers can build useful applications on the network.

Another key initiative is the PiRC1 ecosystem token design proposal. This framework aims to link token creation directly to real app usage instead of pure fundraising. In theory, this could encourage healthier projects and more sustainable growth. The proposal is currently open for community feedback.

Market Sentiment Remains Divided

Despite steady ecosystem metrics, market sentiment around Pi Network remains mixed. The Pi coin has dropped sharply from earlier highs and now trades in the mid-teens cent range. Some community members praise the team’s slow and utility-first approach. Others remain skeptical and openly criticize the pace of delivery. For now, Pi Network continues to build in public. Whether the project can convert its large user base into a real one. Every day utility will likely decide its long-term success.