Pi Network’s latest update on the .pi domain auction has drawn criticism from users. While the Pi Core Team introduced a new app to manage domain bids, with features like stats tracking and email alerts, many in the community felt this was not the major development they were hoping for, especially ahead of Pi2Day 2025.

No major updates?

Pioneers, supporters, and users of Pi Network, had hoped for more robust announcements that would help the Pi token gain real value. Instead, many found this domain auction update unimpressive and out of touch with what users actually want.

However, Pi network has not impressed the crypto community and now they are doubting the future of Pi, which seems bleak and dark. Users also see the price of Pi plummeting if they do not make a new announcement.

The auction attracted little interest amid plummeting prices.

Since the auction began three months ago, about 3 million PI tokens (worth $1.8 million) have been spent on domain auctions, according to Piscan. But that number is small compared to Pi's daily trading volume of more than $100 million.

The update did little to boost interest or the price. Pi is currently trading at around $0.60, down 35% over the past week and 60% over the month.

The initial hope that businesses would quickly snap up branded .pi domains has faded. Even Pi founder Nicolas Kokkalis once compared them to regular internet domains, but that excitement has yet to translate into real numbers.

The calls for a real update are getting louder and louder

Users are now demanding more meaningful progress. Many are still stuck in the KYC (Know Your Customer) process, and only six businesses have completed KYB (Know Your Business). The $100 million Pi Network Ventures fund, launched last month, has yet to announce any startup investments. One frustrated user wrote on X, “Great, but when are you going to fix the KYC delays and provide real tools?”

More pressure on the team ahead

The team is now facing mounting pressure. Over 248 million PI tokens are set to unlock next month, which could lead to further selling. Without clear steps like exchange listings, ecosystem tools, and faster KYC processing, the network risks losing the trust of the community. For now, the .pi domain update is seen as too little, too late.