Pharos Network testnet launched, focusing on RWA track 30,000 TPS high performance

Odaily News Pharos Network, a Layer 1 public chain focusing on RWA, announced the official launch of its test network. The network adopts a modular design, achieving 30,000 TPS processing capacity and sub-second transaction confirmation. It is compatible with EVM and integrates ZK compliance verification and decentralized AI functions, aiming to solve the scalability and compliance requirements of institutional-level DeFi.
It is reported that Pharos was founded by the former core blockchain team of Ant Financial. Its innovative architecture improves storage efficiency by 80% and has a built-in privacy protection system. The test network is now open for experience, and the main network plans to support 50,000 TPS, focusing on RWA scenarios such as green finance and real estate securitization.