Pharos hit a $1 billion valuation after launching its Pacific Ocean Mainnet and $PROS token on May 1, 2026. The company also secured $44 million in Series A funding and completed a 4.3 billion transaction testnet ahead of the mainnet rollout.
Pacific Ocean Mainnet Live
The mainnet launch marked Pharos' shift from testing to operational status. Users can now transact $PROS tokens on the live blockchain. The network processed over 4.3 billion test transactions before going live.
RWA Ecosystem Partnership
Pharos partnered with GCL New Energy to tackle fragmentation across real-world asset platforms. The collaboration aims to simplify how physical assets move onto blockchain networks. Both companies are focusing on streamlining the RWA experience.
Funding and Testing Milestone
The $44 million Series A round closed before the mainnet launch. It provided capital for network development and operations. The 4.3 billion transaction testnet validated the system's capacity ahead of the public launch.
Pharos now turns its attention to expanding its real-world asset integration with GCL New Energy as $PROS token usage grows on the live mainnet.
