Odaily Planet Daily News: The Layer 1 public chain Pharos Network, focused on RWA, announces the official launch of its testnet. This network adopts a modular design, achieving a processing capacity of 30,000 TPS and sub-second transaction confirmation, while being EVM compatible and integrating ZK compliance verification and decentralized AI features, aiming to address the scalability and compliance needs of institutional-level DeFi. It is reported that Pharos was founded by the former core blockchain team of Ant Group, and its innovative architecture improves storage efficiency by 80%, with a built-in privacy protection system. The testnet is currently open for experience, and the mainnet plans to support 50,000 TPS, focusing on RWA scenarios such as green finance and real estate securitization.