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.
Not all projects. In this case, the delay has been the reason why this project was a success. They knew that people were fond of the project and had picked interest in it after the launch. This is the reason why they decided to delay it so that many persons will lose interest in it. Some will sell at a cheaper price in the black market, while some will forget about their Pi wallet. This strategy is used to make people lose most of their coins so that the dev team will launch the coin at a high price for those who will be lucky to have it.