Will Pi Network launch on Coinbase? Hackathon winners release signals, Open Source progress reaches 90% igniting the community | Analysis of Pi coin listing prospects

Pi Network Hackerthon winning team Pi Barter Mall suggests that Pi coin may soon log in to the Coinbase exchange, while the Pi open source process is 90% complete and is expected to fully open by September 2025 at the latest. These two major developments have sparked strong attention from the community. If successfully launched on mainstream exchanges and the open source is completed, Pi Network is expected to significantly enhance liquidity and credibility. This article consolidates multiple sources of information to analyze the listing prospects of Pi coin, the open source roadmap, and ecological progress.

[Rumors of Coinbase going live have resurfaced, with frequent positive news for the Pi ecosystem]

Recently, the winning project of the 2021 Pi Network hackathon, Pi Barter Mall, posted on platform X, claiming that Pi coin may soon be listed on Coinbase. This speculation quickly gained traction in the community, especially considering that during Pi Day in March this year, Coinbase's Chief Legal Officer Paul Grewal tweeted with the Pi logo. Although he did not make a clear statement, it was still widely regarded as a listing signal.

Analysts point out that if Pi Network successfully launches on Coinbase, it will gain higher liquidity and market exposure, significantly promoting ecological value discovery. In addition, the Pi Wallet support page previously briefly featured Binance Connect and Binance P2P options. Although there has been no substantial progress since then, it reveals that the team is advancing exchange collaborations.

[Open Source] progress has reached 90%, September may become a critical node.

In addition to the exchange dynamics, the Pi Open Source progress is also advancing rapidly. According to Pi News media, the project's open-source progress bar has reached 90%, and the community speculates that it may be fully open by September 2025 at the latest. Several Pi community moderators have stated that the open source could even possibly be completed by the end of this year.

Although the Pi Core team has not provided a specific timeline, moderator Diange hinted in August that "there will be significant progress in September," further fueling community expectations. Open Source is seen as a key to building credibility for blockchain projects, with ecosystems thriving around open code in projects like Bitcoin, Ethereum, and Solana.

[Pi is actively expanding its application scenarios, Swapfone has been officially launched.]

To accelerate the promotion of Open Source and ecological construction, the Pi Core team has recently launched a new round of Hackathon, encouraging developers to develop applications based on PiOS to enhance the usage rate of Pi coin in daily commerce.

On the other hand, Pi coin was launched on the regulated mobile exchange Swapfone in July with the PI/USDS trading pair, marking its first entry into the U.S. market. Although on a small scale, it is seen as an important step towards compliance.

Industry experts point out that Pi Network could also benefit from the upcoming Protocol 23 upgrade from Stellar, which aims to enhance scalability and efficiency, potentially strengthening the underlying infrastructure of Pi.

[The community rationally views: utility and decentralization remain challenges]

Despite the frequent positive news, there are also rational voices in the community. Many users point out that Pi coin still lacks sufficient practical scenarios and decentralization, which may be the main reason why large exchanges like Binance have not officially launched it.

In addition, although the open source progress is good, the team currently only grants partial developer permissions, and the core protocol remains closed, complete decentralization will still take time.

[Conclusion]

Pi Network is on the eve of an ecological explosion - the anticipation of listing on top exchanges like Coinbase, 90% completion of Open Source progress, and preliminary breakthroughs in compliance and the US market collectively form the fundamentals for its value leap. However, before the mainnet is fully open and Liquidity is fully released, it is advisable for the community to maintain follow while rationally assessing risks and waiting for official substantive progress announcements.