Pi Network Users Disappointed by Underwhelming .pi Domain Update

Pi Network’s much-anticipated update regarding its .pi domain name auction has finally been released, but the initial excitement was brief. Although the Pi Core Team presented this update as an important step toward growing the ecosystem, the community’s response has been mostly muted.

Many long-standing supporters, called Pioneers, believe the update lacks depth and does not address more urgent challenges facing the network. With the token’s value declining and user engagement decreasing, concerns about the project’s future direction are becoming more pronounced.

The Update Fails to Spark Enthusiasm

The introduction of the .pi domain name system was intended to give Pi Network users a new way to personalize their presence within the ecosystem. The Pi Core Team emphasized this as a digital identity milestone, comparable to how traditional websites use .com or .org domains. On paper, the idea makes sense: build a namespace that lives within the Pi ecosystem, promote ownership, and help users brand their dApps or services.

However, the execution has left much to be desired. The .pi domain auction has now been separated from the main Pi Wallet into a standalone app, a move meant to offer users better tracking tools, statistics, and email alerts. Yet despite these features, many Pioneers remain unimpressed.

What’s missing, they argue, is context. Why roll out domain names now, when so many unresolved issues, from KYC backlogs to utility-building apps, are still hanging in the balance? Even within the network’s own social media space, commentary leans heavily toward disappointment.

Weak Market Response Reflects Broader Concerns

The muted reception to the domain rollout is mirrored in Pi’s market performance. Over the past month, the Pi token has fallen by roughly 15%, with a 5% drop in the last week alone. Daily trading volume has also dropped by over 46%, signaling a deeper issue: investor confidence may be slipping.

Domain interest, too, appears to be relatively hollow. According to Piscan, only around 3 million Pi tokens, roughly $1.8 million in value, have been used for domain bids since the auction began over three months ago. When compared to Pi’s total trading volume, which regularly exceeds $100 million per day, this participation is minimal. Simply put, most users are not seeing the .pi domains as a core part of the platform’s value. It seems like a minor sidetrack rather than a game-changing event.

Growing Frustration Around Delays and Priorities

The current climate within the Pi community is not just shaped by market performance; it’s also a product of delays and perceived inaction. Despite announcing a $100 million Pi Network Ventures fund last month, no investments have been revealed yet. Meanwhile, only six businesses have completed KYB verification, limiting real-world adoption of Pi tokens.

Perhaps the most persistent grievance centers on the ongoing KYC delays. Users who passed initial verification months ago are still waiting for access to key features. These bottlenecks are slowing down onboarding, frustrating developers, and weakening momentum.

Many feel that the Pi Core Team is focusing on symbolic features, like domains, rather than structural improvements that could actually elevate the network. As one user posted on X: “Tired of hype with no substance.”

The issue isn’t only perception. To gain credibility, Pi Network needs more than superficial updates. Solid infrastructure and practical usability are critical, especially with the fast pace of innovation in the overall crypto sector.

Can Pi Recover Its Position?

The release of the .pi domain was likely intended as a positive advancement, but it has instead brought underlying concerns within the Pi ecosystem to light. The recent decline in the token’s value, combined with limited enthusiasm for the domains and ongoing unresolved user issues, has raised important questions about the Core Team’s priorities and timing.

To restore trust and sustain momentum, the Pi Core Team will need to move beyond symbolic gestures. A strong and forward-thinking announcement at Pi2Day could help shift the current sentiment. Without such decisive action, the project risks losing the engagement of its community.