Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scale Development of On-Chain Economy | Bee Network
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Original Compilation: Shenchao TechFlow Introduction: L2s have solved Ethereum’s scaling problem, but in doing so, they’ve created a new issue: each chain becomes an isolated island, fragmenting liquidity and forcing users to pay a cost every time they cross chains. The EEZ is funded by the Ethereum Foundation and co-initiated by Gnosis and Zisk. Its core promise is synchronous composability between L1 and L2s—contracts can make atomic calls across chains, no longer relying on bridges for connection. This is one of the most compelling technical proposals to follow amidst the intensifying discussion around Ethereum’s roadmap. Full text is as follows: Ethereum’s L2 ecosystem has solved one problem while creating another. The scaling problem is largely solved. Rollups work, transaction costs are down, throughput is up. That part is going well.…# Analysis# crypto# defiPre
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- Hong Kong, April 8, 2026 — Pharos Network, a Layer 1 blockchain network designed for institutional-grade financial scenarios, today announced the completion of a $44 million Series A funding round....