Pharos Network Launches Mainnet, Achieves $1B Valuation
- Pharos launched its Pacific Ocean Mainnet and native $PROS token on May 1, 2026.
- A strategic partnership with GCL New Energy helped Pharos reach a $1 billion valuation.
- The network processed over 4.3 billion transactions during its testnet phase.
- Pharos secured $52 million in total funding, including a $44 million Series A round.
- Over 50 dApps are expected to deploy on the platform at launch.
Pharos Network’s mainnet launch marks a significant milestone in the tokenization of real-world assets (RWAs). With backing from GCL New Energy and substantial funding, Pharos aims to streamline asset issuance and trading within a unified on-chain market.
The successful processing of billions of transactions during testing indicates Pharos is ready for global financial applications, supported by its robust infrastructure and strategic alliances. (Source)
