Pi Network marked its sixth anniversary on March 14, celebrated as Pi Day 2025, by unveiling three significant platform updates.
The updates arrive even as its native Pi Coin (PI) faced an 8% decline over the last 24 hours amid wider market challenges.
At the time of writing, PI had dipped by approximately 3%.
The cryptocurrency is presently grappling with price pressures, showing a decrease of 20.1% over the past week and 35.5% over the last fortnight, according to available data.
Currently, Pi Coin is trading within the $1.43-$1.59 range, notably lower than its peak of $2.99 achieved on February 26. This positions the coin at a decline of 51.8% from its highest value.
Pi Network announces ecosystem enhancements amid a downturn
Despite the negative price movements, Pi Network introduced a range of ecosystem enhancements to coincide with its anniversary and the global “PiFest” event. The standout feature is the new .pi Domains Auction system, aimed at creating a platform-level utility for Pi Coin while establishing crucial infrastructure within the network’s ecosystem.
“Happy Pi Day 2025, Pi Network’s 6th official anniversary! With Open Network now launched, celebrate the expansion of Pi Network’s ecosystem on all levels and real-world functionality,” the team announced on X.
Pi Day is celebrated on March 14 to recognize the ratio of a circle’s circumference to its diameter, approximately 3.14159.
The .pi Domains feature will enable community members to acquire customized domain names for various uses, including businesses, brands, stores, applications, and personal projects within the Pi ecosystem. This rollout follows the recent launch of the Open Network, which permitted external connectivity for the previously restricted ecosystem.
Other updates include a refreshed Mainnet Ecosystem interface and an expansion of applications within the Mainnet Ecosystem. The platform also initiated the PiFest shopping period.
Launched in 2019, Pi Network started as a mobile app that allowed users to “mine” Pi through daily check-ins instead of conventional power-intensive mining methods. This user-friendly approach has attracted millions globally.
While it has decreased from its all-time high, Pi remains notably above its all-time low of $0.6157 recorded on February 20, 2025, representing a 133.9% increase from that low. The recent feature releases from Pi Network occurring alongside ongoing price declines exemplify the common disconnect between development advancements and market performance in the cryptocurrency sphere.