After Pharos announced $44 million in Series A, it is predicted that the market will be clearly ignited in the next two days. This type of project with "strong certainty information gap" generally has two initial reactions: airdrop PM (Market Forecast) Now it is very intuitive on PM: the trading volume is clearly in the range of FDV 800M~1B. ✅ Let's first look at a point that many people overlook Pharos' round of financing is actually more than 44 million yuan. According to the timeline: 25 years $8M seed+ In January 26, GCL approached $25 million in strategic funds (valued at nearly $1B) SeriseA 44M in April 26 (valued at over 1B) That's also why the market has given a direct expectation of 1B, and the project team keeps hinting that the mainnet is imminent, waiting for any other big moves. ✅ But what really matters is not the amount of financing, but where the money comes from. Sumitomo Corporation CVC+Flow Traders+Chainlink+undisclosed global financial institutions. To be honest, this combination doesn't seem like a "narrative chain" being invested. It's more like pre positioning a blockchain infrastructure that can accommodate traditional assets. ✅ Sumitomo, this is also quite crucial This type of Japanese conglomerate, which used to rarely deal with Web3, is now stepping down directly, which is already a signal. In addition, with the recent heat in the Japanese market, if the exchange and market sentiment cooperate, it is easy to be led towards the "Japanese chain narrative". ✅ My own judgment is: If projects like Pharos come out, it may not be an additional L1, but rather a drag on the current 'pure crypto narrative' towards TradFi. Nowadays, everyone is talking about RWA, but most of them are still in the conceptual stage. Pharos is different now: The cooperative GCL Solar assets are already running on the chain, which is a 'cash flow asset', not a PPT. So if RWA really comes out, it won't be TPS in the end, but rather: Who can catch the money off the chain Who can bring up assets and compliance together ✅ Finally, let's talk about a time point (based on personal inference) Yesterday, the Chinese AMA mentioned that pre stored+Layer3 has released 500 WL (link below), which can be basically confirmed: The main network and coin issuance cycle are likely to be within 3 months In the current market environment lacking "billion level new public chains", such whitelists may become quite popular in the future. Layer3 link: https://app.layer3.xyz/activations/pharos-stake-before-the-stake Of course, I have also received 5 pre stored WLs, all of which have been given to the community. Please connect them three times with just one click.