On June 28, 2025, Pi Network celebrated Pi2Day with several significant announcements aimed at expanding its ecosystem and enhancing user engagement. The centerpiece was the launch of the Pi App Studio, a no-code artificial intelligence-powered platform that enables users to develop Pi-based applications without technical expertise. This platform allows users to create topic-specific AI chatbots and open-ended applications using natural language, empowering them to own and run digital businesses within the Pi blockchain ecosystem.
In addition to the App Studio, Pi Network introduced the Ecosystem Directory Staking feature. This utility enables users and businesses to stake their Pi tokens to increase the visibility and ranking of decentralized applications (dApps) within the Pi Browser directory, shifting from traditional ad-based promotion to a community-driven ranking system.
Other technical improvements announced included a new Pi Node version release, enhancements in the Mainnet migration process with over 500,000 new users onboarded, an extended .pi domain auction through September 30, and integration of a third-party fiat on-ramp aggregator to facilitate asset flow within the Mainnet ecosystem.
Despite these improvements, the announcements failed to halt a pronounced downward price trend for the Pi coin. The token traded at approximately $0.5301 on June 28, reflecting a 2.62% drop in 24 hours and a cumulative decline of over 25.22% within the month. Market indicators such as the MACD histogram signal diminishing bullish momentum, and the RSI at 40 suggests potential further oversold corrections. Investor sentiment was dampened due to the absence of major exchange listings or a concrete Mainnet access roadmap, resulting in continued bearish pressure on the token’s price.
Overall, while Pi Network's new platform and staking utility promote ecosystem growth and decentralization, short-term market response remains negative amid operational bottlenecks and unmet expectations.