Top Highlights
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Testnet Launch: Pharos Network has launched its Testnet, designed specifically for institutional-grade real-world assets (RWAs) and enterprise-scale DeFi, boasting revolutionary performance metrics.
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High Performance: Achieving up to 30,000 transactions per second with one-second finality, the Testnet sets a new benchmark for Layer 1 blockchain capabilities, supporting billions of users while significantly reducing storage needs.
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Robust Security: Features ZK-based KYC/AML for enterprise-grade security and compliance, ensuring that it meets the regulatory demands of the financial industry while remaining fully EVM-compatible.
- Vision for RWAs: Founded by experts from AntChain and Alibaba, Pharos aims to solve scalability, compliance, and flexibility issues in RWA adoption, facilitating new use cases in sectors like renewable energy finance and tokenized real estate.
Pharos Network Launches High-Performance Layer 1 Testnet to Advance RWA Adoption
Hong Kong, May 7, 2025 — Pharos Network unveiled its much-anticipated high-performance Layer 1 Testnet, aiming to boost the adoption of real-world assets (RWAs). The platform’s launch marks a significant step forward for institutions seeking to explore decentralized finance (DeFi).
Pharos Network’s Testnet boasts an impressive capacity of up to 30,000 transactions per second, with finality achieved in just one second. This performance sets a new industry standard. Furthermore, its innovative GPU-like architecture facilitates support for billions of users while significantly decreasing storage requirements by 80%.
To enhance usability, the Testnet incorporates advanced features like decentralized AI support and privacy-preserving protocols. Notably, it includes zero-knowledge-based Know Your Customer (KYC) and Anti-Money Laundering (AML) capabilities, providing institutions with the security and compliance they need. Additionally, Pharos remains fully Ethereum Virtual Machine (EVM) compatible, delivering faster and cheaper transactions and fostering on-chain innovation.
The platform addresses critical challenges in RWA adoption, such as scalability and compliance. This flexibility opens doors across various sectors, including renewable energy finance, supply chain management, and tokenized real estate. By offering a modular infrastructure, Pharos ensures secure RWA deployment at scale, meeting the high demands of the financial industry.
Alex Zhang, CEO of Pharos Network, emphasized the importance of this launch. “The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meets the needs of bringing real-world assets on-chain,” he said. “We’re excited to watch innovation flourish on Pharos and accelerate the convergence of traditional finance and decentralized technology.”
Developers and users can access the Testnet and explore its features by visiting testnet.pharosnetwork.xyz.
Founded by leaders from AntChain and Alibaba, Pharos Network combines cutting-edge technology with deep enterprise experience. As it paves the way for the future of asset tokenization, Pharos positions itself as a frontrunner in the ever-evolving landscape of decentralized finance.
For more information about Pharos Network and its offerings, visit pharosnetwork.xyz.
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