Pi Network at Pivotal Moment as Pi2Day Event Looms
Pi Network approaches its annual Pi2Day event on June 28 under significant pressure to prove real-world utility. Despite launching its open mainnet earlier this year and completing 13 million wallet migrations, Pi token values remain unstable, trading below $0.50.
This year's Pi2Day will showcase technical upgrades including faster KYC verification, broader wallet accessibility, and new security features like 2FA. The network's Web3 naming system—with over 57,000 claimed .pi domains—highlights efforts to evolve PI from speculative asset to functional ecosystem.