TLDR
- Pi Network has released a standalone app for the .pi domain auction.
- The new app includes features like performance statistics and email notifications.
- Community members expressed disappointment over the lack of broader ecosystem updates.
- The Pi token has dropped by over 60% in the past month.
- Over 3 million Pi tokens have been used in domain bids since the auction began.
The Pi Core Team has launched a standalone app for the .pi domain name auction, separating it from the Pi Wallet. This marks another milestone in the Pi Network’s growth strategy, yet community reactions remain divided. Despite new features like email alerts and a stats page, users expected broader ecosystem progress.
Token Drop Fuels Pi Network Concerns
Many Pi Network participants voiced dissatisfaction with the limited scope of recent developments, especially amid declining token value. The update focused only on domain auctions, without addressing core platform issues. Consequently, concerns about development priorities continue to grow within the network’s user base.
The .pi Domains Auction continues to see strong engagement across the Pi ecosystem. Recent updates include a new statistics page showing domains with the most bids, highest price, and recent trending bids. https://t.co/yD13KYexu7
The Auction is also now a Pi app instead of being…
— Pi Network (@PiCoreTeam) June 15, 2025
Users anticipated updates beyond domain sales, as the Pi token dropped 60% since last month. However, no new listings or KYC enhancements were announced, raising uncertainty. This has led many to question the project’s near-term direction and strategy.
The Pi2Day event approaches, yet expectations remain unmet regarding utility-driven features or network expansions. The timing of this domain update has fueled skepticism rather than optimism. As a result, community sentiment appears increasingly strained ahead of the upcoming milestone.
Domain Auction Draws Low Engagement Compared to Token Activity
Over the past three months, domain bids have used more than 3 million Pi tokens, valued at $1.8 million. Despite this, the value remains minimal relative to the platform’s daily trading volume of over $100 million. The auction’s impact on token economics appears limited at this stage.
Early hopes that companies would acquire branded .pi domains have not materialized meaningfully. The current level of business engagement remains low across the Pi ecosystem. The number of businesses verified through KYB has remained at just six since launch.
While founder Nicolas Kokkalis compared .pi domains to traditional web domains, adoption has not followed that trajectory. User interest also trails behind expectations based on previous announcements. Thus, momentum around the domain auction continues to face significant hurdles.
Pi Ventures Fund Shows No Investment Activity
The Pi Network Ventures fund, launched with $100 million last month, has yet to announce any startup investments. Community members have questioned delays in Know Your Customer verifications and requested more practical tools. These unresolved issues are now drawing increased criticism.
Meanwhile, smart contract capabilities have not yet launched, and app ecosystem growth remains slow. Pi Network has also failed to secure listings on additional exchanges. This stagnation risks undermining long-term engagement and platform credibility.
Over 248 million Pi tokens are expected to unlock next July, creating potential pressure on the market. As token supply increases, investors seek meaningful progress to support valuation. Without substantial updates, Pi Network faces rising doubts about its strategic direction.
