"Pharos Network's recent launch of the Pacific Ocean mainnet and $PROS token marks a significant milestone, supported by a partnership with GCL New Energy that has propelled its valuation to nearly $1 billion. This collaboration signals a strong institutional interest in the network's RealFi infrastructure, which aims to unify fragmented real-world asset markets."
"The Pharos testnet processed over 4.3 billion transactions across 209 million wallets, showcasing its readiness for high-scale financial applications. This performance data underlines the network's capability to handle the heavy throughput required for global financial operations."
"Pharos aims to solve the critical last mile of tokenization by moving real-world assets from isolated silos into a compliant and liquid on-chain market. The focus on privacy-preserving frameworks is essential for facilitating institutional adoption and addressing the challenges posed by fragmented distribution."
Pharos Network launched its Pacific Ocean mainnet and $PROS token on May 1, 2026, following a successful testnet. A partnership with GCL New Energy increased Pharos's valuation to nearly $1 billion, indicating strong demand for real-world asset (RWA) solutions. The network has processed over 4.3 billion transactions, demonstrating its capacity for global financial applications. Pharos aims to address the fragmentation in the RWA market by providing a privacy-preserving framework for tokenization, facilitating institutional adoption and liquidity.
Read at news.bitcoin.com
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