I think the pi network are taking too long to launch the mainnet and most especially validate most of their users in queue for the kyc process.
Unlike before, the pi network hype had really gone down because of their delay.

In crypto, too much delay can affect the success of the project because new projects comes out every so often and investors only go with the trend.
Look at how ice network getting things done as soon as possible, they understand the market and knows how to work with the trend.