Pi Network unveils 3 new anniversary releases, Pi Coin declines

This update comes at a time when its own Pi coin has declined by 8% in the last 24 hours due to broader market pressure. PI was down approximately 3% at press time. The cryptocurrency continues to face price challenges, declining by 20.1% in the past week and by 35.5% in the past two weeks, according to data from CoinGecko.

Pi coin is currently trading in the $1.43-$1.59 range. This is significantly lower than its historical maximum price of $2.99 ​​reached on February 26. The coin is now down 51.8% from its highest price.

Despite the bearish price action, the Pi network shared several ecosystem improvements in conjunction with its anniversary and global “PiFest” event. Most importantly, it added the new .pi domain auction system. The system is designed to create a platform-level utility for the Pi coin, as well as develop the infrastructure needed for the network’s ecosystem.

“Happy Pi Day 2025, which is the sixth official anniversary of Pi Network! Celebrate the expansion of the Pi Network ecosystem on all levels and real functionality, with the launch of the Open Network,” the project announced on X.

Pi Day is celebrated on March 14 as a tribute to the difference between the circumference of a circle and its diameter, which is approximately 3.14159.

The .pi domain feature will allow community members to secure custom domain names for businesses, brands, shops, apps, and personal use within the Pi ecosystem. This development follows the recent launch of the Open Network, which provided external connectivity to the previously closed ecosystem.

Additional releases include an updated mainnet ecosystem interface and expansion of mainnet ecosystem applications. The platform also launched the PiFest shopping period.

Pi Network started in 2019 as a mobile app that allows users to “mine” Pi through daily checks instead of traditional energy-intensive mining. It has attracted millions of users worldwide with its accessibility-focused approach.

Although Pi is now below its all-time high, it is still well above its all-time low of $0.6157, which was recorded on February 20, 2025. The coin has gained 133.9% since its lowest point. The coincidence of Pi Network’s feature release with the continued drop in price is a typical example of the gap between development progress and market performance in cryptocurrency projects.