Pharos Network Unveils Layer 1 Testnet to Unlock RWA Adoption

Pharos Network, a high-performance blockchain built for real-world assets, announced the launch of its Testnet. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets. The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark...

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