Pharos Network Testnet is online, focusing on the RWA track with a high performance of 30,000 TPS.

According to Mars Finance, Pharos Network, a Layer 1 public chain focused on RWA, announced the official launch of its Testnet. The network adopts a modular design, achieving a processing capacity of 30,000 TPS and sub-second transaction confirmation. It is compatible with EVM while integrating ZK compliance verification and decentralized AI features, aiming to address the scalability and compliance needs of institutional-level DeFi. It is reported that Pharos was founded by the former core blockchain team of Ant Group, and its innovative architecture improves storage efficiency by 80%, with a built-in privacy protection system. The Testnet is currently open for experience, and the Mainnet is planned to support 50,000 TPS, focusing on RWA scenarios such as green finance and real estate securitization.