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It’s no secret that Pi Network has often struggled and has been frequently a target of negative publicity due to its failure to fully deliver on its promises. However, in February, the Pi Network officially launched its , marking a big shift from the prior enclosed mainnet that had restricted external connectivity.

On June 28, 2025, Pi Network launched two ecosystem tools during its Pi2Day 2025 event. The updates include Pi App Studio and Ecosystem Directory Staking, both now live. The company shared the updates on its official @PiCoreTeam.

Pi Network (PI) captured the market’s attention today, surging over 10% to stand out as a top performer alongside Stacks (STX) and Maple Finance (SYRUP).

The Pi Network is facing growing skepticism from its community following a steep 30% price decline in June. The drop, which has occurred amid a broader crypto market downturn, has triggered a debate about the project’s future and its ability to maintain holder confidence ahead of its long-awaited Open Mainnet launch.