Watching one project after another prepare for their TGE feels like a diligent farmer harvesting heavy fruits. Some airdrops are larger, while others are smaller; there are also projects that are fertilizing and nurturing their growth, but thankfully, I don't have many of those.

However, I'm a bit anxious about where the next batch of fruits will be in the yard. Recently, I've been looking for projects that can be included in the pipeline—ones that won't issue tokens in the short term, but have good quality and great narratives.

I checked out Pharos yesterday and felt it was decent. I wrote down a good portion of the due diligence, and now that I'm settled in the hotel, I'll finish it up. This project won’t have a TGE soon, so don’t rush to criticize me for helping harvest or anything; it's purely a personal sharing and record, and it's already been added to the orchard plan. @pharos_network is building an EVM-compatible Layer-1 blockchain. After the frenzy of Layer 2s caused aesthetic fatigue, I've actually become more interested in high-performance Layer 1s. This project has several highlights that attract me:

1. Background of Ant Financial/Alibaba

Pharos co-founder and CEO Alex Zhang previously served as CTO of Ant Blockchain Business Group (which has over 1,000 employees) and later became CEO of Ant Blockchain brand ZAN.

In the past, those playing blockchain in China were divided into the token circle and the blockchain circle. While the blockchain circle doesn't issue tokens, there are still many talented individuals, and Alibaba's blockchain reputation is quite good.

Projects started by former leaders can still be viewed with a bit more optimism.

2. The narrative direction is one I like

Pharos is preparing to focus on real-world assets (RWA) and enterprise-level DeFi public chains. I've previously mentioned that the RWA field would be a key area of focus for me, and I had been looking at foreign projects, but this purely domestic one seems quite promising.

3. Naturally brings background resources

The relationship between Pharos and Ant is similar to that between Sui/Aptos and Meta. Working on RWA is quite different from accumulating typical token projects; it requires strong Web2 resources as a background to be feasible.

Currently, I've looked at no less than 20 RWA projects in the crypto space. Most of them are just talk, boasting grandly while failing to mention how to bring in real-world resources.

Pharos should have outperformed most competitors in the same field.

4. Good financing background

The company was established in July 2024 and secured $8 million in seed funding from HackVC and Lightspeed Faction in November.

I'm relatively familiar with Hack; I've made good profits from many projects they invested in, such as @eigenlayer, @alt_layer, @ionet, @MorphoLabs, etc., so the project is likely to be solid.

Additionally, I'd like to remind everyone that November marks the end of the first-tier investment stage. Back then, I recall there weren't many infra projects that could secure $8 million from major institutions.

5. Technology with unique features

From the perspective of merely accumulating projects, it no longer fully attracts me. With the assistance of AI, I checked Pharos's performance framework and some hard technical/application strengths.

Both are high-performance Layer 1s, but MegaETH and Monad use single-core CPU serial processing, while Pharos employs GPU parallel computing and asynchronous pipelines, which theoretically could improve speed further.

As for costs, let me quote some data from documents:

Pharos=50K/0.0001¢, MegaETH=10K/0.01¢, Monad=6K/0.1¢

The gap is indeed quite large; I even doubted if the documents were mistaken 😂😂😂.

From the perspective of mass adoption, if Payfi needs a robust foundational scenario in the future, then fast concurrency and low costs will be crucial competitive points. If Pharos can truly be implemented, its advantages will be significant.

In summary:

From both the accumulation and ambush perspectives, @pharos_network indeed deserves a spot in the orchard pipeline.

Especially since they are actively attracting developers to participate in Devnet and have provided many grants, it seems quite suitable for small tech teams to mine for opportunities while Solana and other public chains are cooling off.

The concern is whether the blockchain circle can adapt to the rhythm of issuing tokens in Web3. This part still needs further improvement based on current observations, and it's quite noticeable that the Twitter operation has a strong techie vibe.

From the perspective of taking advantage of trends, I haven't seen much yet, but it's worth keeping an eye on; opportunities will arise sooner or later.