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The Money Desk · Blog
Re:

PiFest 2025 Showed Pi Payments in Local Commerce—but Did It Prove Crypto Works?

Pi Network reported substantial seller and Map of Pi participation at PiFest 2025, but did not publish the number or value of completed purchases.
From TheFinanceBase Team2 min to read
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PiFest 2025 showed that Pi Network organized a week-long event around in-person purchases using Pi. It did not prove that crypto payments work at scale: Pi Network published participation figures, but no total for completed purchases or their value, and the figures were not independently audited.

What was PiFest 2025?

Pi Network held PiFest from March 14 to March 21, 2025, presenting it as its first PiFest after Open Network connectivity became available. The event was designed to connect local businesses with shoppers through Map of Pi, Pi Network’s merchant-discovery app. Pi Network’s April 1 recap described participating businesses and purchases involving everyday essentials and professional services.

At the event’s start, Pi Network reported more than 100,000 registered sellers, including 49,000 active sellers on Map of Pi. That March 14 snapshot is separate from the later figures in the event recap. The launch-day update does not establish how many of those listings resulted in purchases.

How was a Pi payment supposed to work?

The official instructions described an in-person payment: a shopper finds a business in Map of Pi, visits the shop, and pays by scanning the merchant’s Pi Wallet QR code. Pi Network said the payment would be recorded on Pi Mainnet; merchants could print and display their QR code. The event guidelines also cautioned that third-party Pi apps are not official or endorsed by Pi Core Team and advised participants to follow local laws.

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What did Pi Network report about participation?

In its April 1 recap, Pi Network reported more than 125,000 registered sellers, including 58,000 active sellers; more than 1.8 million Pioneers had used Map of Pi, and users submitted more than 45,000 reviews. These are company-reported figures, not independently audited results. The recap does not define these figures as completed purchases.

The distinction matters: seller registrations measure sign-ups, active listings indicate a different level of participation, and app usage and reviews show discovery or engagement. None of those measures, on its own, tells a reader how often customers paid or whether they returned.

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How many transactions happened, and what were they worth?

The official recap describes real-world transactions, but it gives no total transaction count, aggregate purchase value, average purchase size, merchant revenue, or repeat-purchase rate. So the public figures do not answer how many purchases were completed or how much was spent at PiFest 2025. Those amounts should not be inferred from seller, app-use, or review counts.

Pi Network’s later 100 Days of Open Network retrospective repeats the PiFest engagement statistics. Because that is another publication by Pi Network, it is repetition by the event organizer—not independent confirmation.

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Does the 2024 event show growth?

Pi Network’s 2024 recap reported more than 55,000 sellers, divided into 27,000 active and 28,000 test sellers, and over 950,000 unique Map of Pi users. The 2024 recap uses categories and measurement timing that differ from the 2025 figures, so the raw totals are not a strict like-for-like growth comparison.

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What does PiFest establish about crypto payments?

PiFest is a reported commerce event and a case study in how a crypto project can organize merchant discovery and QR-code payments at local businesses. Pi Network’s account supports the claim that it described in-store Pi Mainnet purchases during the event. But the available figures establish participation and discovery activity—not transaction volume, sustained customer use, or broad commercial viability. The official materials cited here do not provide an independent audit of purchases or their value.

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