Pi Network marked its 6th anniversary on March 14, 2025, also known as Pi Day, with significant platform upgrades. However, its native cryptocurrency, Pi Coin, faced ongoing price declines.
In a post on X, Pi Network introduced several ecosystem upgrades to celebrate its anniversary and the global “PiFest” event. One of the most significant upgrades is the introduction of the.pi Domains Auction mechanism.
This new feature allows users to buy and secure custom domain names for businesses, brands, applications, and personal use within the Pi ecosystem.
The aim is to increase the functionality of Pi Coin and the infrastructure of the network. The move is a continuation of the recent rollout of Pi Network’s Open Network, which opened up the earlier closed ecosystem for external connections.
Pi Network also launched a new interface of Mainnet Ecosystem and increased the number of Mainnet applications. These updates are expected to enrich the user experience and deliver more functionality to members of the community.
Additionally, the PiFest shopping period has begun, offering users opportunities to spend Pi Coin within the ecosystem.
Since its launch in 2019, Pi Network has garnered millions of users by enabling them to “mine” Pi via easy daily log-ins instead of conventional mining that consumes a significant amount of energy. This strategy has brought cryptocurrency closer to the masses.
Despite the celebrations, Pi Coin’s price fell by 6% over the past 24 hours, mirroring the general market decline. Pi is currently trading between $1.43 and $1.59, far below its all-time high of $2.99 on February 26.
Although it is much lower from its high, it is much higher than its all-time low of $0.6157 on February 20, 2025. It has appreciated by 133.9% since then. It has dropped by 20.1% over the last week and 35.5% over the last two weeks.
Also Read: Pi Coin Surges 20%, Will It Hit $3 Next?
