Pi Squared, the team developing an infinitely scalable network for internet-speed payments, has announced the launch of its Devnet 2.0, a significant upgrade to its FastSet protocol. This new release aims to facilitate a future where payments and all transaction types occur instantly, verifiably, and with minimal fees.
In contrast to traditional blockchains that depend on total ordering, FastSet processes transactions in parallel. It currently achieves 150,000 transactions per second (TPS) with sub-100ms finality and has a target of 1 million TPS by its mainnet launch in 2026. This advancement is designed to enable instant and trustless payments on a global scale.
Devnet 2.0: A Developer Playground and Ecosystem Expansion
Devnet 2.0 serves as a fully accessible environment for developers to engage with the FastSet protocol. It introduces an enriched ecosystem, new applications, enhanced infrastructure, and comprehensive developer documentation to streamline the building process on FastSet.
Two prominent DeFi applications are debuting on Devnet 2.0: Omniset and, expected within the next week, OmniSwap. These applications are set to redefine cross-chain asset movement.
OmniSet: Universal Liquidity and Settlement Layer
OmniSet functions as a universal liquidity and settlement layer. It connects fragmented liquidity across different blockchains into a single, verifiable layer, FastSet, bypassing the need for traditional bridges. Users can deposit tokens on any supported chain, mint and utilize these tokens without restriction on FastSet, and then withdraw them on any other chain, ensuring a seamless, secure, and instantaneous experience.
OmniSwap: Redefining Cross-Chain Swaps
Built upon OmniSet, OmniSwap aggregates decentralized exchanges across various networks. It identifies the most favorable swap rates and executes trades using verifiable proofs. By integrating OmniSet's liquidity with FastSet's parallel claim validation, OmniSwap delivers both trustless and exceptionally fast cross-chain swaps.
Enhanced Verification and Partner Integrations
Devnet 2.0 also features a Block Verification Explorer, enabling real-time verification of EVM blocks. Additionally, it showcases applications from Pulsar Money, JoAi, and AI Nexus, demonstrating FastSet's capability to support high-performance, low-latency use cases.
Vision for Global Payments
"The future of payments demands more than what blockchains can deliver," stated Grigore Roșu, Founder and CEO of Pi Squared. "With theoretically uncapped TPS, sub-100ms finality, and verifiability by design, Pi Squared is ready to power global payments and financial systems at scale. The launch of Devnet 2.0 represents the latest milestone in our mission to deliver on one of the biggest promises of Web3, enabling p2p payments to move as fast as the internet."
Accessing Devnet 2.0
Devnet 2.0 is live and accessible at https://pi2.network/devnet. Pi Squared encourages developers, partners, and innovators to explore its capabilities. Further details are available in the Devnet 2.0 documentation at https://docs.pi2.network/, allowing interested parties to begin building with FastSet immediately.
About Pi Squared
Pi Squared is developing FastSet, a decentralized network designed for infinitely scalable payments. Unlike blockchains that rely on total ordering, FastSet settles transactions in parallel, offering uncapped throughput, internet-speed finality, and real-time verifiability. For more information, visit https://pi2.network/.