Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Pi Network unveils 3 new anniversary releases, Pi Coin declines

Pi Network unveils 3 new anniversary releases, Pi Coin declines

Crypto.NewsCrypto.News2025/03/14 16:00
By:By Vignesh KarunanidhiEdited by Anthony Patrick

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. Multiple releases today include a new .pi Domains Auction that facilitates an important… pic.twitter.com/Xfyaw1CFvl

— Pi Network (@PiCoreTeam) March 15, 2025

“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.

Pi Network unveils 3 new anniversary releases, Pi Coin declines image 0 Source: CoinGecko
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!