Odaily News Pharos Network, the RWA public chain, announced today that its test network will be officially launched on May 7. The test network released this time aims to demonstrate Pharos' innovative Layer 1 solution, which has high throughput and can increase the transaction speed on the chain; at the same time, EVM compatibility allows developers to migrate and deploy Ethereum applications, thereby accelerating the development of the RWA ecosystem on the chain.