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An emerging discovery in phylogenomics is that interspecific gene flow has played a major role in the evolution of many different organ- isms. To what extent is the Tree of Life not truly a tree reflecting strict “vertical” divergence, but rather a more general graph structure known as a phylogenetic network which also captures “horizontal” gene flow? The answer to this fundamental question not only depends upon densely sam- pled and divergent genomic sequence data, but also computational meth- ods which are capable of accurately and efficiently inferring phylogenetic networks from large-scale genomic sequence datasets. Recent methodolog- ical advances have attempted to address this gap. However, in the 2016 performance study of Hejase and Liu, state-of-the-art methods fell well short of the scalability requirements of existing phylogenomic studies. The methodological gap remains: how can phylogenetic networks be accurately and efficiently inferred using genomic sequence data involv- ing many dozens or hundreds of taxa? In this study, we address this gap by proposing a new phylogenetic divide-and-conquer method which we call FastNet. We conduct a performance study involving a range of evolutionary scenarios, and we demonstrate that FastNet outperforms state-of-the-art methods in terms of computational efficiency and topo- logical accuracy.