Hong Kong, May 7, 2025 / Prnewswire / – Pharos NetworkA high-performance blockchain built for real-world assets (RWAs), announced the launch of Testnet today. Designed for institutional grade RWA and enterprise-scale defi, Pharos offers an next generation, modular infrastructure that responds to major bottlenecks that prevent institutions from entering the web3. The platform activates the scalable deployment of decentralized applications, providing excellent payment solutions, and unlocking new use cases for tokenized assets.
Pharos Testnet has achieved up to 30,000 transactions per second with a second end, setting a new benchmark for Layer 1 blockchain performance. GPU-like architecture can support billions of users and reduce storage use by 80%. The network also features built-in support for decentralized AI and privacy maintaining SPN. In the capabilities of KYC/AML based in ZK, Pharos ensures security and business compliance. It remains fully compatible with EVM, which offers faster and cheaper transactions, while enabling flexibility, innovative change.
The Pharos product directly determines the main bottlenecks in RWA adoption -usability, compliance, and flexibility -non -new new cases in use in sectors such as changing finances in the energy industry, payment, supply chain finance, and tokenized real estate. Modular, high-throughput infrastructure enables safe RWA expansion to size, while meeting the regulation demands and performance of the financial industry.
A growing ecosystem is already emerging with Pharos testnet, which activates innovative cases of defi use for RWAs. As an early cooperation with Pharos, the OKX wallet will support Pharos Testnet native to launch. The projects of the Early Pharos Ecosystem include Zenith Swap, Elfi, Buzzing Club, Nextmate.Aai, Faroswap, R2, OpenFi, Hemera, Blocksense, Supra, and more.
Founded by former Antchain and Alibaba Blockchain leaders, the Pharos team brings deep business experiences, its unique positioning to deliver grade-enterprise solutions for institutions that explore green finances, payments, and new forms of programmable ownership and property.
“Pharos Testnet represents a significant milestone in our mission to unlock RWW's true potential. By providing a high performance, measured, and adjustable platform, Pharos meets the needs of bringing the world's true possessions into a chain and carries equipment to these properties.” Alex Zhang, CEO of the Pharos Network said. “We are excited to watch change has evolved in Pharos and accelerates the association of traditional finances and decentralized technology.
Developers and users can access and experience testnet by visiting testnet.pharosnetwork.xyz.
About Pharos
Pharos Network is a revolutionary layer 1 blockchain platform that sets new benchmarks on decentralized technology with intense performance and scalability. Established by ex-blockchain leaders from Ant Financial and Alibaba, Pharos aims to develop the best chain for RWWA and Defi-Grade Defi, which achieved the highest performance of Layer-1 with 50k TPS and the first to reach 2 Gigilas/Sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the main group of DTVM technology development. For more information, please visit https://pharosnetwork.xyz.
