Pharos

Pharos is a Layer 1 blockchain that positions itself as a parallelized Ethereum Virtual Machine platform, meaning it is designed to process smart contract transactions concurrently rather than one at a time. Its stated purpose is to offer developers and users a faster, more scalable environment for decentralized applications while remaining compatible with tools and code already written for Ethereum. The PROS token is the native asset of this network.

Pharos runs its own blockchain with an EVM-compatible execution layer that parallelizes transaction processing, allowing multiple operations to be handled simultaneously rather than sequentially. The consensus algorithm used by the network is not recorded in the data available here, and no block time is stored, so the precise mechanism of how validators or nodes reach agreement cannot be described. PROS functions as the native token within this system, most likely used for transaction fees and network participation, though the specific on-chain role is not detailed in the available data.

The data stored here does not record a fee revenue stream for Pharos, so no figures for fees collected, fee recipients, or protocol earnings can be reported. What is recorded is a total value locked of 46,065,823.17 USD at point-in-time and a stablecoin supply hosted on the chain of 11,317,629.42 USD at point-in-time, which indicate economic activity on the network but do not themselves describe where fees go. The circulating supply stands at 135,600,000 PROS, representing 13.56 percent of an implied total supply, with a dilution overhang of 637.46 percent at point-in-time, meaning the tokens not yet in circulation are many times larger than those currently circulating.