Meet Pharos: Bridging Traditional Finance and DeFi
Pharos is a high-performance Layer 1 blockchain focused on integrating real-world assets (RWAs) and decentralized apps (DeFi). Its EVM and WebAssembly (WASM) compatibility supports a wide range of existing dApps and new solutions.
Pharos Highlights
Speed: Pharos handles 50,000 transactions per second (TPS) and 2 Ggas/sec throughput, making it one of the fastest EVM-compatible networks.
Modular Design: With five layers of parallelism—consensus, execution, storage, and heterogeneous hardware support—Pharos ensures scalability and efficiency.
RWA & DeFi Support: Pharos provides infrastructure for real-asset tokenization and enterprise DeFi apps, bridging traditional finance and decentralized tech.
Tech Innovations: Features like zkDID for decentralized ID and a hybrid credit system advance digital identity and on-chain credit management.
Funding & Partnerships
In November 2024, Pharos raised \$8 million in seed funding led by Lightspeed Faction and Hack VC, with other investors including SNZ Holding, Hash Global, and MH Ventures.
Pharos partnered with ZAN, the Web3 arm of Ant Digital Technologies, to co-develop Web3 infrastructure, including node services, security, and hardware acceleration.
Team & Origin
Founded in July 2024 by former Ant Group blockchain team members, Pharos is led by CEO Alex Zhang, ex-CTO of Ant Chain. The team includes experts from Solana, Ripple, and OKX.
Token information
The Pharos project has introduced a token named $PHA, which serves as the primary utility token within its ecosystem. 1his token is deployed on the Binance Smart Chain (BSC) and is designed to facilitate various functions across the Pharos network.
Testnet & Developer Programs
Pharos launched its testnet on May 7, 2025, allowing developers to explore its high-performance infrastructure and start building apps. More details on an official discord community group: https://discord.com/invite/pharos
With HackQuest, Pharos introduced a \$300,000 developer program to boost RWA and DeFi development.
Summary
Pharos combines high performance, real-asset support, and innovative tech, making it appealing to blockchain developers and investors.
