Pi Squared Launches Devnet 2.0 for Web3 Payments

Pi Squared’s breakthrough approach centers on FastSet, an infinitely scalable, decentralized payments network that fundamentally rethinks how transactions are processed. Unlike traditional blockchains that rely on total ordering of transactions, FastSet settles transactions in parallel, enabling what the company describes as “uncapped throughput, internet speed finality, and real-time verifiability.” This architectural innovation allows the network to process significantly more transactions per second than conventional blockchain systems.

The project has taken a nuanced approach to the traditional TPS metric, which has become a standard but often misleading measure of blockchain performance. In a September blog post, Pi Squared noted that while TPS was originally adopted from credit card payment systems to evaluate cryptocurrency transaction rates, “TPS may be discouraging to use as a metric in Web3 since there is so much heterogeneity and inconsistency around.” Instead, the protocol redefines TPS as “the number of claims per second that can be effectively settled,” with transactions representing just one type of claim among many verifiable statements that FastSet can process.

According to the official announcement, Pi Squared’s Web3 verifiable settlement protocol currently achieves 150,000 transactions per second with sub-100ms finality, representing a significant leap over existing blockchain solutions. The company has set an even more ambitious target of reaching 1 million TPS by mainnet launch in 2026, aiming to deliver what founder and CEO Grigore Roșu describes as “instant and trustless payments at a global scale.”

Roșu emphasized the limitations of current blockchain technology, stating that “the future of payments demands more than what blockchains can deliver.” He positioned Pi Squared as the solution, noting that “with theoretically uncapped TPS, sub-100ms finality, and verifiability by design, Pi Squared is ready to power global payments and financial systems at scale.” This vision aligns with the company’s broader goal to build “a future where payments and all forms of transactions happen instantly, verifiably, and with negligible fees.”

Devnet 2.0 serves as what the company calls a “fully accessible playground for developers to experience FastSet in action,” featuring a richer ecosystem, new applications, improved infrastructure, and comprehensive documentation designed to streamline development on the platform. This developer-focused approach aims to accelerate adoption and innovation within the Pi Squared ecosystem.

The platform’s capabilities will be demonstrated through two upcoming DeFi applications set to debut within the next week. OmniSet functions as a universal liquidity and settlement layer that connects fragmented liquidity across multiple blockchains into a single verifiable layer, eliminating the need for traditional bridges. This architecture enables users to “deposit tokens on any chain, mint and use the tokens unrestricted on FastSet, and withdraw them on any other chain, seamlessly, securely, and instantly.”

Building on OmniSet, OmniSwap aggregates decentralized exchanges across networks, discovers optimal swap rates, and executes trades using verifiable proofs to make cross-chain swaps “trustless and lightning fast.” Together, these applications showcase Pi Squared’s potential to redefine cross-chain asset movement and address key scalability limitations that have hampered broader DeFi adoption.

The launch of Devnet 2.0 represents a critical milestone in Pi Squared’s development roadmap, bringing the company closer to its ultimate goal of enabling peer-to-peer payments that “move as fast as the internet.” As Roșu concluded, this advancement represents “the latest milestone in our mission to deliver on one of the biggest promises of Web3.”

With its parallel processing architecture, redefined performance metrics, and growing ecosystem of DeFi applications, Pi Squared is positioning itself at the forefront of the next generation of Web3 infrastructure. The company’s focus on verifiable settlement, cross-chain interoperability, and internet-scale throughput addresses fundamental challenges that have limited blockchain adoption for mainstream payments and financial applications, potentially unlocking new possibilities for global financial systems.