Two months ago, I shared @pharos_network and compared it with Sui. The main reasons are:

Team: Pharos CEO is the former CTO of Ant Blockchain, and Pharos CTO is the former Chief Security Officer of Ant Financial's Web3 business.

Funding: Pharos's seed round was led by Lightspeed Faction and Hack VC.

Like Sui, Pharos is also an L1 with a team composed entirely of members from major companies, and it has the backing of top institutional investors.

Today, I want to share a Pharos ecosystem project @BitverseApp - a leading perpetual contract Dex platform on Pharos, which has raised a total of $15 million.

Fan Benefits: Draw 50 USDT + 500 xBV (10 spots, 5 USDT + 50 xBV per person)

Participation Requirements: Download Bitverse, leave a screenshot of the platform in the comments + Bitverse wallet yymm address.

Bitverse Download: https://www.bitverse.zone/download

1/ Connecting Traditional Finance with DeFi

As the first RWA perpetual contract DEX on the Pharos network, Bitverse's current focus is on the tokenization and perpetual trading of real-world assets, especially U.S. stock assets.

Product Highlights:

Multi-liquidity pool architecture: Aggregates liquidity from multiple sources (Hyperliquid, Pharos, yymm, etc.)

Multi-asset support: Supports mainstream cryptocurrencies, stock perpetual contracts, RWA tokens, etc.

Up to 100x leverage on stock perpetual contracts: Bitverse offers the highest leverage for stock perpetual contracts in the on-chain trading space.

Currently, users can trade the following U.S. stocks on Bitverse:

NVDA

PLTR

PFE

INTC

AMD

SNAP

TSLA

and more.

How to utilize the above features and profit from them?

For example, Circle stock $CRCL is set to IPO on June 5, 2025, and surged 168% on the first day, closing at $83. It continued to rise, peaking at $298.99 on June 23, and is currently stable around $160. Even at the current price, there is still a 422% increase compared to the IPO price.

If users can reasonably utilize Bitverse's U.S. stock contract features during the price increase of $CRCL, the profits could be astonishing.

(Note: Contracts carry risks, and new users are advised not to try blindly.)

However, the contract DEX is not all that Bitverse offers. Prior to this, Bitverse has already launched a modular L1 and a full-chain wallet, building a complete product line.

2/ Funding/Team

Bitverse has received investment support from Stratified Capital and Wall Street Morgan Research, completing a total funding of $15 million. Stratified Capital is a blockchain venture capital firm based in Singapore. Other well-known projects invested by Stratified Capital include:

Aethir

Roam

Merlin

Fireverse

and more.

According to official information, the core team of Bitverse consists of former members from top companies such as Bybit, Google, OKEx, and dYdX. However, I couldn't find specific member information.

I recommend downloading the Bitverse mobile app to experience it yourself. You can long and short U.S. stock assets, and who knows, you might get more than you bargained for.

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