Pharos Testnet is LIVE: Sailing towards RWA Adoption

We're pleased to announce the launch of the Pharos Testnet, marking a key milestone on our journey to Mainnet and our mission to enable Real-World Assets (RWAs) on blockchain.

At Pharos, we're building a Layer-1 designed for institutional-grade RWAs and enterprise-scale DeFi. We've identified key barriers holding institutions back from fully embracing Web3–scalability, compliance, and flexibility–and we've engineered solutions to overcome them.

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Why RWAs?

RWAs represent a massive opportunity for Web3. By tokenizing real-world assets in sectors like renewable energy, supply chain, payments and real estate, we can unlock greater liquidity, transparency, and efficiency.

We’re building the necessary high-performance infrastructure to securely deploy RWAs at scale, meeting the regulatory and performance demands of the financial industry. With fast throughput and an innovative architecture, Pharos provides the future-ready foundation to bring the next trillion-dollar asset class on-chain.

Key Highlights:

• Extreme Performance: The Testnet will handle up to 30,000 transactions per second (TPS) with one-second finality, making it significantly faster compared to most existing networks.
• High Scalability: Our GPU-like architecture supports billions of users while reducing storage costs by up to 80%.
• Strong Security and Compliance: With ZK-based KYC/AML capabilities, Pharos ensures enterprise-level security and compliance.
• EVM Compatibility: Developers can easily deploy your Ethereum dApps on Pharos, enjoying faster, cheaper transactions and more flexibility for innovation.
• Future-Ready Capabilities: We support decentralized AI and privacy-preserving SPN, paving the way for advanced blockchain applications.

Ecosystem Spotlight:

Our ecosystem is expanding rapidly with strategic partners and innovative projects joining every week. These projects are exploring novel use cases in DeFi, prediction markets, AI, DEX, RWAFi, and oracles, showcasing the versatility of the Pharos platform.

We invite developers and users to explore the Pharos Testnet and experience the future of RWA and Defi.

Visit testnet.pharosnetwork.xyz to get started.

Join our community:
Twitter: https://x.com/pharos_network
Discord: https://discord.gg/pharos 

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