Pharos Network Secures $44 Million Series A Ahead of Mainnet Launch
The Hong Kong-based EVM-compatible Layer 1 targets high-volume finance with parallel execution, ZK-KYC compliance, and real-world assets like solar-backed tokens. Its Atlantic testnet already drew millions of users, with partnerships like GCL New Energy and Circle for USDC. Enthusiasts see the funding as a bullish sign for the upcoming Pacific Ocean mainnet and $PROS token, while skeptics question past infra returns and the project's execution.