Pharos

Pharos is a Layer 1 blockchain that positions itself as a smart contract platform built around a parallelized version of the Ethereum Virtual Machine, meaning it can process multiple transactions simultaneously rather than one at a time. It targets developers and applications that need higher throughput than standard EVM-compatible chains can offer. The native token, PROS, is the primary asset of this network, currently trading at $0.427624 with a circulating market capitalization of approximately $57.97 million.

Pharos runs an EVM-compatible execution environment that processes transactions in parallel, a design intended to increase the number of operations the chain can handle per unit of time. The consensus algorithm is not recorded in the available data, so a precise description of how validators or nodes reach agreement cannot be provided. The PROS token functions within this network, though its specific roles — such as fee payment, staking, or governance — are not detailed in the stored data.

No fee revenue data is stored for Pharos, so fee-based measures such as price-to-fees or revenue yield cannot be calculated or presented on this site. What the data does show is a total value locked of approximately $19.17 million at the current point in time, against which the market capitalization-to-TVL ratio stands at 3.08 and the fully diluted valuation-to-TVL ratio stands at 22.70. Stablecoin supply hosted on the chain is $10.67 million at the current point in time, which serves as a partial indicator of economic activity in the absence of fee data.