Pharos_network (https://x.com/pharos_network) just launched its public testnet, bringing enterprise-grade DeFi and real-world asset (RWA) tokenization to a new level with up to 30,000 TPS, EVM compatibility, and built-in ZK compliance tools.

Here's a structured breakdown:

** Pharos Network, a high-performance Layer 1 blockchain, officially launched its public testnet on May 16, 2025, inviting developers and the community to build and test decentralized applications (dApps) focused on RWAs and enterprise-scale DeFi

**Pharos_network is founded by former leaders from *Ant Financial, AntChain, and Alibaba*, bringing deep fintech expertise. The project raised $8 million in a seed round led by Lightspeed Faction, Hack VC, and others

**Developers and users can join and experience the testnet at: https://testnet.pharosnetwork.xyz/experience?inviteCode=abMDqbyORLFz9Quc

**Perform transaction
**Check-in daily
**Complete socials

**The testnet can process up to 30k transactions per second with sub-second confirmations, featuring an innovative GPU-like architecture that reduces storage needs by 80%. Its modular infrastructure is fully EVM-compatible, enabling seamless deployment of Ethereum-based apps

**Built-in zero-knowledge (ZK) proof technology supports privacy, KYC/AML compliance, and regulatory-friendly RWA deployments, bridging traditional finance and decentralized tech