Pharos Network and Bitverse Partner to Launch Exclusive PerpDEX, Setting a New Standard for On-Chain Trading

Pharos Network, a leading Layer 1 blockchain built for RWAfi, announced a strategic partnership with Bitverse, a decentralized, non-custodial Web3 wallet. This collaboration will lead to the launch of a dedicated and exclusive Perpetual Decentralized Exchange (PerpDEX) on the Pharos.

This partnership represents a significant step in the evolution of decentralized trading. While the market has seen platforms successfully attract on-chain liquidity, Pharos and Bitverse are poised to offer a compelling and highly differentiated alternative. The new PerpDEX is designed from the ground up to redefine the user experience, delivering CEX-level performance and a wider range of trading opportunities.

The new PerpDEX on Pharos will not be just another derivatives platform. By harnessing the UTA Engine-the core technology powering one of the biggest Exchanges, it will deliver an ultra-fast, low-latency trading environment capable of handling not only crypto perpetual contracts but also a wide range of perpetual contracts on traditional assets, including U.S. stocks. This expansion into a diversified asset class is a key differentiator, opening up new frontiers for on-chain trading.

"The DeFi space is overdue for an evolution in how perpetuals are traded," said Wish Wu,Co-founder &CTO of Pharos Network. "We believe that true innovation lies in combining the best of Web2 and Web3. By partnering with Bitverse and integrating the UTA Engine, we will create a superior liquidity engine, which will provide a faster, more capital-efficient, and more diverse on-chain trading experience."

Bitverse, as a critical liquidity provider and ecosystem builder for Pharos, will be instrumental in attracting stablecoin capital from Ethereum. This influx of capital will not only benefit the new PerpDEX but will also fuel the broader Pharos ecosystem, fostering a new wave of composable and capital-efficient applications.

About Pharos Network

Pharos Network is the fastest EVM-compatible Layer 1 designed to unify Web2 and Web3 assets and liquidity, bridging over $50 trillion in RWA, TradFi, and cross-chain capital into a modular, on-chain economy at internet scale. It powers real-time, real-world applications through deep-parallel layer architecture.

About Bitverse

Bitverse is an all-in-one RWA perp DEX, focused on real-world assets and U.S. stock futures. Built with AI-powered analytics and multi-liquidity routing, Bitverse delivers zero-slippage execution, 100× leverage, and deep asset coverage-from crypto majors and meme coins to tokenized stocks and commodities. With multi-chain support and 24/7 access, Bitverse empowers traders to go long or short on real-world markets with on-chain freedom and CEX-level performance.

X Annoucement (Pharos Network) - https://x.com/pharos_network/status/1955192599591149973

X Annoucement (Bitverse) - https://x.com/BitverseApp/status/1955192534889808348

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This release was published on openPR.