what's Pharos Network?
Pharos Network is an ultra-fast, EVM-compatible Layer 1 blockchain designed to unify Web2 and Web3 infrastructures at internet scale. It achieves high performance through innovative consensus mechanisms like asynchronous BFT, flexible block advancement, and fair transaction assignment, enabling up to 50,000 transactions per second with sub-second finality. The network features a modular architecture supporting specialized processing nodes (SPNs) for GPU, TEE, and FPGA optimizations, making it ideal for real-world asset (RWA) tokenization, enterprise-grade DeFi, and cross-chain liquidity solutions. Built by former leaders from Ant Financial and Alibaba, Pharos emphasizes security, decentralization, and permissionless access while bridging traditional finance (TradFi) with decentralized applications. It supports seamless asset onboarding, native restaking, and integrations with protocols for tokenized bonds, AI-driven yield, and multi-chain bridges, fostering an ecosystem for institutional and retail users alike. The testnet facilitates developer programs and community initiatives to prepare for mainnet launch.
Pharos Network has an EthCC presence; founder Wish Wu presented on Financial Layer 1.
Links
x.com/pharos_networkHas a presence at EthCC conference on the 4th floor.
Presented at EthCC conference on the Redford Stage on 2026-03-30 at 10:30-10:50, with founder Wish Wu speaking about building the Financial Layer 1.
Integrating USDC and Circle's Cross-Chain Transfer Protocol (CCTP) to enable USDC as a settlement, trading, and collateral asset across applications and enable crosschain USDC transfers.
Partnered with Four Pillars for research coverage and institutional-grade analysis as part of the RealFi Alliance.
Formed a RealFi Alliance partnership with Dune Analytics to provide institutional-grade onchain data for the RWA ecosystem.
Sponsored the EF Pitchfest at ETHDenver 2026 alongside Supernet AI and Aleo.
Released updates improving data reliability, fixing issues, and enhancing support for non-USD stablecoins, including addition of a dedicated Peg Tracking page.
Integrated with Centrifuge for RWA issuance, including JTRSY, JAAA, and JTR.
Sponsored EthCC[9] as a RUBY sponsor in Cannes March 30-April 2, 2026, hosting a discussion with Faroo on tokenized finance and RWA integration into DeFi on March 31.
Partners with OpenZeppelin for security support in building institutional finance blockchain infrastructure.
Added Nansen as a validator on the network.
The AtlanticOcean campaign concludes with one final activation alongside ZNSConnect, live until the end of December.
Chainlink CCIP services expand to Pharos testnet, adding cross-chain interoperability capabilities to the network.
Integrated with AquaFluxPro testnet, introducing structured yield and risk redistribution for RealFi assets.
Perps trading launches on the network campaign, with users able to claim testnet tokens and trade on BitverseApp.
Pieverse releases whitepaper detailing collaboration for expansion of their x402 payment infrastructure using the high-performance L1 to enhance RWA capabilities.
New onchain campaign actions are live including PHRS token claims, token swaps, and liquidity provision on FaroSwap.
The project joins Hong Kong FinTech Week 2025 event on November 5 with Avalanche, Chainlink, Gate.io, and AWS Cloud to discuss tokenized capital and RWAs.
Integrated Chainlink CCIP for cross-chain infrastructure and Data Streams, part of 20 integrations across multiple chains during the week ending March 8, 2026.
Active airdrop allows users to increase allocation size through daily check-ins and transactions.
Launched AtlanticOcean Testnet with 1 billion token supply, PoS validator rewards, and staking program; Mainnet targets Q2 2026.
Scheduled TGE for Q2 2026.
Completed $44M strategic funding round from Jack Ma-backed Yunfeng Capital, whose securities firm received Hong Kong SFC approval for virtual asset trading services. Also opens Phase 1 Genesis Partners Round for Stake capital campaign.
Partners with Ant Digital Technologies, participating in RWAfi. RAW HK Skyline Mixer at Consensus HK on 2026-02-11.
New collaborative event 'Stable Takes' announced for Token2049 on October 1st, 2025, featuring partnerships with Tether, Transak, and Polymer Labs.
Partnered with Layer3, offering 500 whitelist spots for a stake campaign ahead of mainnet launch.
User base surges past 60K with 800K+ on-chain actions recorded.
Rapid testnet adoption with 25,000+ participants in under 24 hours shows strong market interest.
Lending infrastructure to be powered by Morpho protocol integration.
Integrated OKX Wallet, spanning AtlanticOcean Testnet to Mainnet, enabling FaroSwap DEX, NFT minting, DID domain services, and future Pharos Stake.
Testnet launches with swap, lending, and smart contract functionality; includes reward program and hints at future airdrop.
Multi-city China tour scheduled for June 15-21 across Shanghai, Hangzhou, Chengdu, and Shenzhen, partnering with OpenBuildxyz, Future3Campus, and others.
New oracle integration with Supra provides price feeds for crypto, RWA, equities, and forex markets.
L1 platform features dual VM architecture (EVM & WASM) built by former AntChain executives, targeting institutional capital markets with T+0 settlement and ZK-native compliance stack.
Received investment from GCL New Energy (HKEX: 0451), a major solar power operator, for energy asset tokenization (RWA), distributed energy trading, and on-chain carbon footprint tracking, at $1B valuation, bringing total funding to $328M.
Q3 2025 mainnet launch timeframe confirmed and $20M ecosystem grants allocated.
$8M funding round specifically led by hack_vc and FactionVC; testnet capabilities include 30K TPS and 1s finality.
Testnet now live with core DeFi functionalities.
New incentivized testnet program opens for participation.
Partnered with Ant Financial's AntChain, securing $8M VC funding and $300M committed assets. Formed RealFi Alliance using Chainlink CCIP.