Pi Network launches .pi domain name on 6th anniversary, Pi Coin discounts

Pi Network celebrates its 6th anniversary on March 14, 2025, also known as Pi Day, with significant upgrades to the platform. However, its original cryptocurrency, Pi Coin, has faced a constant price drop. In the post on X, Pi Network introduced several ecosystem upgrades to celebrate its founding anniversary and the global event "PiFest". One of the most important upgrades was the introduction of the .pi Domain Name Auction mechanism.

This new feature allows users to purchase and secure custom domain names for businesses, brands, applications, and personal uses 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 Pi Network's recent deployment of Open Network, which opened up the previously closed ecosystem for external connections. Pi Network has also launched a new interface of the Mainnet Ecosystem and increased the number of Mainnet applications. These updates are expected to enrich the user experience and provide more functionality for community members. In addition, the PiFest shopping period has begun, giving users the opportunity to spend Pi Coin within the ecosystem. Since its launch in 2019, Pi Network has attracted millions of users by allowing them to "mine" Pi through easy daily logins instead of conventional mining that consumes a significant amount of energy. This strategy has brought cryptocurrencies closer to the masses.

Despite the celebration, the price of Pi Coin has fallen 6% in the past 24 hours, reflecting the overall decline of the market. Pi is currently trading between $1.43 and $1.59, well below its all-time high of $2.99 on February 26. While well below its high, it is still well above its all-time low of $0.6157 on February 20, 2025. Prices have risen 133.9% since then. Prices have fallen 20.1% over the past week and 35.5% over the past two weeks.