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Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption

  • Pharos Network, a blockchain for real-world assets, has launched its Testnet aimed at institutional-grade RWAs and enterprise-scale DeFi.
  • The Testnet achieves up to 30,000 transactions per second with one-second finality, offering scalability and reduced storage usage.
  • Pharos addresses key adoption bottlenecks with features like decentralized AI, ZK-based KYC/AML capabilities, and EVM compatibility.
  • Founded by former AntChain and Alibaba leaders, Pharos aims to bridge traditional finance and decentralized technology for innovative RWAs.

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