Pharos Network has taken a significant leap forward in the realm of open finance with the launch of its AtlanticOcean Testnet on October 21, 2025. This new experimental network aims to enhance access to real-world asset flows, providing a robust platform for institutions and developers alike. The analytical report published in the material substantiates the following: the testnet is expected to facilitate innovative financial solutions and improve liquidity in the market.
Introduction to the AtlanticOcean Testnet
The AtlanticOcean Testnet is a collaborative effort involving key partners such as Morpho Labs, Bitverse, and Euclid. This initiative allows various stakeholders to test and optimize real-world asset transactions across borders, thereby fostering innovation in the financial sector.
Success of the Previous Testnet
This launch follows the success of Pharos's first testnet, which was introduced in May and has already processed nearly 3 billion transactions.
Major Upgrades in the AtlanticOcean Testnet
The AtlanticOcean Testnet brings several major upgrades, including:
- a new Proof of Stake (PoS) tokenomics model
- user-friendly staking options
- an enhanced developer toolset designed for complex testing scenarios
Pharos Network's Rollout Strategy
Pharos Network plans to roll out testnet activations in stages, ensuring that the original testnet will continue to operate alongside the AtlanticOcean Testnet for several months. This strategy aims to facilitate a seamless transition for ecosystem partners, allowing them to adapt to the new features and improvements.
The Pharos Foundation has officially launched to oversee the RealFi ecosystem, complementing the recent advancements of the AtlanticOcean Testnet. This initiative aims to ensure sustainable development within the Pharos Network. For more details, see read more.
