As of May 2026, Pi Network is in the Enclosed Mainnet phase (Phase 3), which is a "transitional stage" allowing for KYC, migration, and ecosystem development before full public release. Key Aspects of Current Stage (May 2026):Enclosed Mainnet: The blockchain is live and independent but restricted from external connectivity. Protocol v23 Upgrade: The network is currently undergoing a massive upgrade to Protocol v23, which aims to unlock native smart contracts and improve performance. Massive KYC Milestone: Over 18.1 million users (Pioneers) have passed KYC, with over 10 billion tokens migrated to the Mainnet. Utility Development: The current focus is on building "real utility" for the Pi token, such as in-app dApps, games, and marketplaces, ahead of the Open Mainnet launch. Upcoming Milestone:The network is anticipating the "Open Mainnet" phase, where the firewall will be removed, allowing Pi to be traded on external cryptocurrency exchang...