In a groundbreaking move to fulfill the interests of Web3 users effectively, Pharos Network, an EVM-compatible L1 blockchain, today announced the launch of its public mainnet. As per the announcement disclosed via the X platform, Pharos successfully executed its hard fork event today, and as a result, its public mainnet is now live.
Powered by its native asset (PROS coin), Pharos Network is a high-speed, Proof-of-Stake Layer-1 blockchain designed to connect traditional financial assets with Web3 cross-chain utility. Built to serve tokenized assets (RWAs), AI, and DeFi, Pharos Network is developing an ecosystem that aims to revolutionize the future of Web3 and financial innovation.
Pharos’ Journey To On-Chain
According to the news development made today, Pharos Network announced the rollout of its Pacific Ocean Mainnet, the first Layer-1 network designed for high-speed transaction processing and regulatory compliance. This announcement showcases a crucial milestone as the platform brings a native asset-level network tailored to cater to the needs of both institutional clients and retail customers, aiming to drive their adoption at a large scale. The layer-1 network focuses on building a high-performance financial infrastructure that combines institutional finance with Web3 technologies, positioning itself as a platform for tokenized real-world assets (RWAs), compliant financial products, and wide accessibility.
The public mainnet launch comes after Pharos’ earlier rollout of its private mainnet last year, on December 12, 2025, marking the first milestone in its phased public rollout. Also, the public mainnet debut follows Pharos’ recent announcement of its native token PROS tokenomics earlier this month, on April 20, to support on-chain asset governance, staking, fee payments, and RWA use cases.
What Users Can Do With Pharos Network
With the public mainnet’s launch, the utility and security of the PROS token can finally meet the interoperability of the DeFi ecosystem. Now officially live for the first time in history, Pharos’ public L1-blockchain network bridges traditional fintech services with Web3 technologies, where real value and institutional-grade assets are accessible to global users.
Now that Pharos’s public mainnet is live, decentralized institutions, enterprises, developers, crypto token holders, and DeFi enthusiasts have the opportunity to interact with the newly launched blockchain.
Source: https://blockchainreporter.net/pharos-network-launches-public-mainnet-what-this-means-to-defi-users/
