“Later, when someone resembled you by a third, I became flustered.”

Recently, I have been researching @pharos_network, and the more I study, the more I feel the excitement and anticipation reminiscent of exploring Sui in early 2022.

Another me in the world: Sui vs. Pharos

Positioning

Sui: A high-performance L1 blockchain that utilizes an innovative object-oriented data model and parallel transaction processing to achieve sub-second finality.

Pharos: The fastest EVM-compatible L1 blockchain, designed specifically for RWA and enterprise-level decentralized finance, dedicated to bringing high-quality RWA into Web3.

Team

Sui: Developed by Mysten Labs, the core team includes 4 former Meta Diem project engineers with a strong background in cryptography and distributed systems.

Pharos: The team has a strong "AntChain" gene, with CEO Alex Zhang previously serving as CTO of Ant Blockchain Business Group, and CTO Wishlonger having been the Chief Security Officer for Web3 at Ant Financial, possessing rich experience in fintech and blockchain.

Funding

Sui: Received investments from top institutions such as A16Z, Coinbase Ventures, and Binance Labs, with a valuation that once reached $2 billion.

Pharos: Completed a $8 million seed round of financing in September 2024, led by Lightspeed Faction and Hack VC, with SNZ Capital as a strategic anchor investor.

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