Pharos

Pharos is a Layer 1 blockchain positioned as a smart contract platform that uses a parallelized version of the Ethereum Virtual Machine, meaning it processes multiple transactions simultaneously rather than one at a time. It is aimed at developers and users who want Ethereum-compatible applications but with higher throughput than standard EVM chains can offer. The project competes in the broader category of performance-focused Layer 1 networks that seek to reduce congestion and lower costs for on-chain activity.

Pharos runs an EVM-compatible execution environment adapted for parallel transaction processing, allowing independent transactions to be handled concurrently rather than sequentially. The PROS token functions as the native asset of this chain, typically used to pay for transaction fees and to participate in whatever governance or staking mechanics the network implements. The consensus algorithm is not recorded in the available data, so a more detailed mechanical description of block production and finality cannot be provided here.

The available data does not include a recorded fee revenue stream for Pharos, so fee-based measures such as earnings yield or protocol revenue cannot be calculated for this site. What is recorded is a total value locked of approximately 74.13 million USD at the point-in-time measurement, which grew 74.13 percent over the trailing 30 days, and a market-cap-to-TVL ratio of 1.17, meaning the market capitalization modestly exceeds the value of assets deposited on the chain. The stablecoin supply hosted on Pharos stands at roughly 45.17 million USD, and the ratio of market cap to that stablecoin supply is 1.87, both measured at a single point in time.