Pi Network unveils 3 new anniversary releases, Pi Coin declines

Pi Network celebrated its sixth anniversary on March 14, also known as Pi Day 2025, with three major platform updates.

The updates come even as its native Pi Coin ( PI ) experienced an 8% drop in the past 24 hours alongside broader market pressures.

At the time of publication, PI was down roughly 3%.

The cryptocurrency continues to face price challenges, having fallen 20.1% over the past week and 35.5% over the past two weeks, according to CoinGecko data.

Pi Coin is currently trading in the $1.43-$1.59 range. This is substantially below its all-time high of $2.99 reached on Feb. 26. The coin is now 51.8% down from its peak value.

Pi Network shares ecosystem improvements amidst bearish action

Despite the bearish price action, Pi Network shared several ecosystem improvements coinciding with its anniversary and the global “PiFest” event. The most important addition is the new .pi Domains Auction system. This system is designed to create a platform-level utility for Pi Coin while developing essential infrastructure for 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 project announced on X.

Pi Day is commemorated on March 14 as a tribute to the circle’s circumference to its diameter being approximately 3.14159

The .pi Domains feature will allow community members to secure customized domain names for businesses, brands, stores, applications, and personal use within the Pi ecosystem. This development follows the recent Open Network launch, which enabled external connectivity for the previously closed ecosystem.

Additional releases include a revamped Mainnet Ecosystem interface and an expansion of Mainnet Ecosystem applications. The platform also launched the PiFest shopping period.

Pi Network began in 2019 as a mobile app allowing users to “mine” Pi through daily check-ins rather than traditional energy-intensive mining. This has attracted millions of users globally with its accessibility-focused approach.

While currently down from its all-time high, Pi remains well above its all-time low of $0.6157 recorded on Feb. 20, 2025. The coin has gained 133.9% since its low. The coinciding of Pi Network’s feature releases with continued price declines is a common example of the disconnect between development progress and market performance in cryptocurrency projects.

Source: CoinGecko