On December 25, 2025, Pi Network unlocked approximately 8.7 million PI tokens, marking another key step in the network’s supply release process. This unlock coincided with increased holiday commerce across the ecosystem, reflecting the growing use of Pi tokens for real-world transactions. While the unlock typically raises concerns about supply, Pi Network participants framed it as part of the ecosystem’s natural maturation rather than a market shock.
The unlocking of 8.7 million PI tokens added fresh supply to the Pi Network ecosystem. Pi Network has been following a scheduled release process that connects token unlocks with user participation and development milestones. Unlike traditional financial assets, Pi’s internal economy is not open to market-based price discovery or open-market trading, which limits the immediate impact of new supply on the broader market.
Pi’s community emphasized that the unlock aligns with ongoing developments within the ecosystem, particularly the increased number of transactions made using Pi. As Pi Network has no official market value and operates within a closed economic environment, concerns over the impact of new token supply are not as pressing. Community members expressed confidence that the expanding use of Pi in commerce would absorb the new tokens without significant disruption.
The token unlock coincided with Pi Network’s expanded holiday commerce initiative, where more than 125,000 merchants accepted PI tokens for goods and services. This seasonal event aimed to boost real-world utility by encouraging spending within the Pi ecosystem. Merchants handled all pricing and sales directly, while Pi’s role focused on facilitating visibility and coordination rather than managing transactions.
Alongside the holiday shopping event, more than 215 Mainnet applications were active, supporting various services and promoting community engagement. These apps were designed to drive ecosystem growth, focusing on practical uses for Pi tokens rather than speculative trading. By connecting Pi merchants with consumers, Pi Network hopes to create a more sustainable and utility-driven environment.
In addition to the token unlock and commerce event, Pi Network also rolled out a wallet update to users and businesses. The update included improvements to the wallet interface, with new token displays and enhanced user experience features. Early reports suggest that some merchants and institutions received access to the update first, with a wider rollout expected soon.
This update is part of Pi’s ongoing efforts to enhance the ecosystem’s functionality and improve user engagement. Screenshots shared by community members showcased updated interfaces and improved usability.
Pi Network continues to prioritize utility-focused development, as it seeks to expand the use cases for its token and foster a more mature ecosystem. As the network progresses, the rollout of features like the wallet update signals continuous improvement and growing readiness for broader integration.
Pi Network’s approach to handling supply, expanding merchant participation, and improving wallet features demonstrates its commitment to growth. However, until the network confirms official market integrations or Mainnet milestones, Pi’s token remains confined within its own ecosystem, focusing on use rather than market valuation.
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