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Pi Network reports 18M verified users, stressing identity verification over wallet counts for trust and growth.

Protocol Fundamentals
19 Apr 2026
Crypto news
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Bullish
pluang ai news

Pi Network announced it has over 18 million users verified through its KYC identity system, emphasizing that verified users offer stronger trust than unverified wallet counts common on other blockchain platforms. The team argues that measuring growth by wallet creation can be misleading due to inactive or fake accounts, while their identity-based approach reduces spam and ensures real participants. This verification is seen as crucial for meaningful transactions and real-world economic activity. Community response has grown more supportive, recognizing the milestone as significant ahead of full smart contract deployment, while the network continues ecosystem development with its token trading near $0.17 and a $1.7 billion market cap.

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