Pi Network Launches .pi Domains on 6th Anniversary as Pi Coin Declines

On March 14, 2025, Pi Network celebrated its sixth anniversary—coinciding with Pi Day—by unveiling major upgrades to its ecosystem. Among the most notable developments is the launch of the .pi Domains Auction mechanism, aimed at expanding the network’s infrastructure and usability. However, despite the excitement, Pi Coin, the network’s native cryptocurrency, has experienced a downward trend, reflecting the broader market conditions.

Pi Network Introduces .pi Domains

As part of its anniversary celebration and the global "PiFest" event, Pi Network rolled out several upgrades to enhance its ecosystem. One of the most significant additions is the .pi Domains Auction mechanism. This new feature allows users to secure unique domain names for businesses, brands, applications, and personal use within the Pi Network ecosystem.

The introduction of .pi domains is a strategic move to boost the practical utility of Pi Coin and further develop the network's infrastructure. By enabling domain auctions, Pi Network aims to strengthen its decentralized ecosystem and provide users with more opportunities to integrate Pi into their digital identities and business operations.

This development follows the recent transition to Pi Network’s Open Network, which opened the previously restricted ecosystem to external connections. With this shift, users can now interact more freely with external platforms, paving the way for broader adoption and integration of Pi Coin.

Enhancements to the Mainnet Ecosystem

Beyond the domain service expansion, Pi Network has upgraded its Mainnet Ecosystem interface and increased the number of applications available on the platform. These improvements aim to create a more user-friendly experience and add more functionality to the network. The updated interface is designed to simplify navigation, allowing users to engage with applications and services more efficiently.

Additionally, Pi Network has kicked off its annual PiFest shopping event, providing users with new opportunities to spend Pi Coin within the ecosystem. This initiative encourages wider adoption of Pi as a medium of exchange, reinforcing its long-term vision of becoming a widely accepted digital currency.

KYC Verification and Mainnet Migration Extension

To accommodate users still in the process of verifying their identities, Pi Network has extended the Grace Period deadline for Know Your Customer (KYC) verification and Mainnet migration. The new deadline, set for 8:00 AM UTC on March 14, 2025, offers Pioneers additional time to ensure their balances are verified and properly migrated to the Mainnet.

KYC verification is a crucial step in Pi Network’s roadmap, ensuring that only legitimate users gain access to the Mainnet. The extension aims to provide ample time for those facing delays in the verification process, fostering a more inclusive transition to the fully operational network.

Pi Coin Faces Price Decline Amid Upgrades

Despite the excitement surrounding Pi Network’s latest innovations, Pi Coin has struggled in the market. Over the past 24 hours, the cryptocurrency has dropped by approximately 6%, with its current price ranging between $1.43 and $1.59. This represents a significant decline from its all-time high of $2.99 recorded on February 26, 2025.

Although Pi Coin has lost momentum in recent days, it has still appreciated by 133.9% from its all-time low of $0.6157 on February 20, 2025. However, the overall trend remains bearish, with a 20.1% drop over the past week and a 35.5% decline over the last two weeks.

Speculation Surrounding Binance Listing

Amid the recent price fluctuations, speculation has been growing within the Pi Network community regarding a potential listing on Binance, one of the world’s largest cryptocurrency exchanges. Rumors suggest that Pi Coin could be listed as early as March 14, 2025. However, no official confirmation has been provided at this time.

If a Binance listing were to occur, it could significantly impact Pi Coin’s market performance, potentially driving up its value by increasing liquidity and exposure to a broader investor base. Until then, Pi Coin's price movements will likely continue to reflect overall market trends and investor sentiment.

Looking Ahead: What’s Next for Pi Network?

Pi Network's sixth anniversary marks an important milestone in its journey toward building a decentralized and widely adopted digital ecosystem. With the introduction of .pi domains, an upgraded Mainnet, and increased opportunities for users to spend Pi, the network continues to expand its use cases and strengthen its infrastructure.

However, Pi Coin’s price volatility remains a concern, and its future performance will depend on factors such as market conditions, adoption rates, and potential exchange listings. As Pi Network continues to evolve, the community eagerly awaits further developments that could shape the project's long-term success.

While challenges remain, the continued innovation within the Pi ecosystem suggests that the network is committed to achieving its vision of making cryptocurrency more accessible and practical for everyday use.