Pi Network processed more than 100,000 Know Your Customer applications and completed over 30,000 mainnet migrations in April 2026, according to data released by the project. The network now counts 18.1 million fully verified users, with 16.72 million mainnet migrations finished since launch. But the milestone comes amid persistent complaints from users stuck in tentative approval status for months.
How the KYC verification works
Each application goes through roughly 30 separate verification checks. The system combines human reviewers with AI-powered fraud detection. Over 1 million human reviewers have processed approximately 526 million verification tasks, confirming nearly 18 million unique identities. Since October 2025, more than 3.36 million Pioneers have moved from Tentative to fully approved KYC.
The Pi Core Team has said the review process is intentionally conservative — designed specifically to catch duplicate and fraudulent accounts. That caution, they argue, protects the network's integrity but also explains why some users wait longer than they'd like.
Community frustration over stalled approvals
Despite the progress, a segment of the community is unhappy. Complaints center on tentative approvals that remain pending for extended periods, with no clear update on when a final decision will come. The project has not given a specific timeline for clearing the backlog of tentative cases, leaving many Pioneers in limbo.
Pi Coin (PI) traded at $0.17 at press time, down 2.6% in May 2026. The token's price has been volatile around major announcements: Protocol 22 previously lifted PI nearly 9% before the rally faded. Roughly 174.2 million PI tokens are set to enter circulation over the next 30 days, which could add selling pressure.
What’s next: Protocol 23 deadline arrives
The project has set May 15, 2026 as the deadline for mainnet nodes to complete the Protocol 23 upgrade. Node operators who miss the cutoff risk being disconnected from the network. The upgrade follows Protocol 22, which introduced changes that briefly boosted the token price before the gain evaporated.
For now, the core team is focused on scaling verification capacity and pushing the node upgrade forward. Whether the tentative approval bottleneck clears before the next major release remains an open question.
