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Pharos Network partners with Bitverse to launch decentralized trading platform for perpetual contracts

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2025-08-13 02:08:54
Pharos Network has partnered with Bitverse, a decentralized Web3 wallet, to build a decentralized perpetual contract trading platform (PerpDEX) on the Pharos Network. The platform will use UTA engine technology to support perpetual contract trading of cryptocurrencies and US stocks.
The platform will adopt a low-latency architecture, with Bitverse as a liquidity provider responsible for accessing the Ethereum stablecoin fund pool and providing liquidity support for the Pharos ecosystem.
According to Wu Wish, co-founder and chief technology officer of Pharos Network, the platform will integrate Web2 and Web3 technologies to improve the efficiency of on-chain transactions.
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