Pi Network launched 3 major updates before Pi2Day, but the price of Pi Coin fell by 16%.

The Pi Core Team, the development group of Pi Network, has officially announced a series of important improvements in recent days, marking a significant milestone in the celebration of Pi2Day. Recently, the Pi Core Team announced a series of major updates with breakthrough features not only in the software but also in the way users manage their accounts, enhancing the overall experience of the network.

Pi Desktop: Breakout with the new version 0.5.2

Last Thursday, the Pi Core Team released an important update for the desktop software, renamed to Pi Desktop ( previously known as Pi Node), with version 0.5.2. This improvement is not just a feature update but also opens up a new direction for the Pi Network community.

According to a notification from FireSide Pi, an ambassador of Pi Network on X, this update brings several noteworthy features. First, users can resize the entire window, making it easier to customize the user interface as desired. Second, the public key is clearly displayed on the troubleshooting page, allowing users to easily verify and resolve issues quickly. Third, compatibility with Docker has been improved, enabling developers to easily deploy applications on this platform.

"In the future, Blockchain can be shared to train AI... Sharing massive server resources for the developer community", FireSide Pi shared.

Currently, Pi Desktop has achieved over 2.6 million installations and more than 400,000 active nodes on Testnet1, Testnet2, and Mainnet. These improvements not only enhance the platform but also expand the ability to share server resources among the community, facilitating the development of Web3 applications and decentralized systems in the future. FireSide Pi notes that this is an important step in the grand ambition of Pi Network.

Direct account management in Pi Browser

One of the other notable improvements is that Pi Network has added account management features directly in the Pi Browser, instead of requiring users to switch between applications. This is an important step towards a unified Web3 experience, providing convenience for users and optimizing the account management process, including updating personal information, completing KYC, accessing dApps, and preparing for future exchange integrations.

Commenting on this move, SpockApe – a member of the Pi Network community – stated on X:

"This is not just an upgrade but also a strong declaration from Pi Network about independence from centralized systems. Managing your identity, account, and digital life has now become the essence of the Pi journey."

The Pi Browser not only enhances functionality but also helps minimize fragmentation in user experience, while creating a seamless Web3 ecosystem without separation between different applications. This move could be a strategy to strengthen the community, especially with Pi2Day, the annual celebration of the network, less than 24 hours away.

One of the issues of concern is the synchronization of the KYC process that Pi Network launched on June 19. This is an important effort to improve the speed of identity verification, while also helping users easily participate in the Pi Network ecosystem. This move demonstrates the professionalism and sustainability of Pi Network in reaching out to and building the community.

However, the price volatility of Pi Coin remains a significant challenge. In the past 48 hours, the value of Pi Coin has decreased by 16%, and it has dropped an additional 4% in the last 24 hours. This price decline is largely attributed to profit-taking activities following the collaboration event between Chainlink and Mastercard, an event that has temporarily captured the market's attention.

PI Price Chart | Source: TradingViewAlthough the value of Pi Coin in the market is currently not very promising, the continuous moves from the Pi Core team indicate that the Pi Network is still striving to develop in a practical and sustainable way. The successive updates, from improving Pi Desktop to integrating account management features in Pi Browser, show that this network is gradually maturing and ready to transition from a utility on Testnet to a full Mainnet.

This year's Pi2Day could be an important milestone not only for the Pi Network but also for the Web3 community in general, as the Pi Network continues to evolve, promoting decentralization and building a new and transparent financial platform for the future.

Justin