#StablecoinSurge Summary of today's update:

The news is great and confirms that Pi Network has entered a new phase after opening the network and enabling external connectivity, which enhances the use of Pi in the real world and expands its ecosystem. The announcement seems to focus on several key points, including:

1. .pi Domain Auction:

• An opportunity to reserve custom domains within the Pi environment for commercial and personal uses.

• Bidding and payment are exclusively conducted using Pi via Blockchain technology.

• This contributes to enhancing the value of Pi as a practical currency within the ecosystem.

2. PiFest Event:

• Started today, March 14, 2025, and runs until March 21.

• Over 100,000 registered merchants, of which 49,000 are active merchants accepting Pi.

• Stores can be found via the Map of Pi app, and payments can be made easily.

3. Expanding the Mainnet ecosystem application scope:

• Facilitating the application submission process to the Pi platform.

• Eliminating the pre-approval step, allowing for faster developer participation.

A quick analysis of the situation:

• These developments enhance the use of Pi in reality, which may affect its value in the future.

• The existence of an open market for buying and selling with Pi is a strong step towards its wider adoption.

• If the system is successfully implemented, this could be the beginning of a real explosion in the adoption of Pi as a globally recognized currency.

In celebration of the sixth anniversary, Pi Network emphasized the importance of the community in building a strong and resilient ecosystem. The ecosystem interface has been improved to facilitate browsing applications, as the old tags have been replaced.