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 partners with OpenZeppelin for secure institutional finance blockchain infrastructure.
Links
x.com/pharos_networkReleased updates improving data reliability, fixing issues, and enhancing support for non-USD stablecoins, including addition of a dedicated Peg Tracking page.
Partnered with Centrifuge to enable institutional assets including JTRSY, JAAA, and JTR.
Became a sponsor of EthCC[9] conference in Cannes, expecting 6,500+ attendees.
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.
AquaFluxPro goes live in the testnet campaign, focusing on RWAs in action.
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 for ultra-fast onchain markets, part of 20 integrations across multiple chains.
Active airdrop allows users to increase allocation size through daily check-ins and transactions.
AtlanticOcean Testnet is live featuring 1 billion token supply, PoS validator rewards and staking program, and targets Q1 2026 Mainnet launch.
Pharos is listed among Layer 1/2 projects planning Token Generation Events in Q4 2025.
Pharos completes $44M strategic funding round from Jack Ma-backed Yunfeng Capital, with the investor's securities firm receiving Hong Kong SFC approval for virtual asset trading services.
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.
New strategic partnership announced with Layer3, special spaces event upcoming to detail collaboration.
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.
Testnet expands with OKX wallet integration, new DEX (FaroSwap), NFT minting, and DID domain services.
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.
Project has secured $300M in committed funding, bringing total funding to $328M ($8M seed + $300M committed + $20M grants).
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.
Major institutional partnership established with Ant Financial's AntChain, securing $8M in VC funding and $300M in committed assets for enterprise DeFi applications.