Hong Kong, May 16, 2025 – Pharos Network launched its Testnet, a blockchain designed for real-world assets (RWAs). The platform aims to facilitate institutional-grade RWAs and enterprise-scale DeFi.
The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality. Its architecture reduces storage usage by 80% and supports decentralized AI and privacy-preserving SPN.
Founded by former AntChain and Alibaba blockchain leaders, Pharos addresses scalability, compliance, and flexibility in RWA adoption. Developers can access the Testnet at testnet.pharosnetwork.xyz.
Pharos Network is a Layer 1 blockchain platform founded by ex-blockchain leaders from Ant Financial and Alibaba. Pharos aims to build the best chain for RWAs and enterprise-grade DeFi.
The platform achieves the highest EVM Layer-1 performance with 50K TPS and is the first to reach 2 gigagas/sec. For more information, please visit https://pharosnetwork.xyz.
This article is based on our author's analysis of materials taken from the following resource: Chainwire.