Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
TVL $10.9B+4.0%Ethereum · Base · Robinhood Chain +41
Ecosystem guide
The Pharos ecosystem
The best dApps on Pharos by sector: DeFi, games, NFTs and more. 14 projects tracked, 14 reviewed in full.
Full Pharos ranking →- dApps
- 14
- Reviewed
- 14
- TVL tracked
- $112M
- Native token
- PROS
Pharos is an EVM-compatible Layer-1 blockchain that positions itself around real-world finance, meaning stablecoin settlement, Bitcoin-backed products and tokenized assets such as credit and treasuries. Because it is EVM-compatible, developers can reuse Ethereum-style tools and contracts, and users can connect with familiar wallets. For specifics on its consensus and scaling design, the official Pharos documentation is the best source.
The native token is PROS. As with most Layer-1 chains, it is the asset associated with paying network fees and taking part in the network. Exact fee levels and token mechanics can change, so check the current docs before transacting. At the time of writing, DeFi TVL on Pharos is about $111.3 million, which is small next to the largest chains.
The ecosystem leans toward yield and real-world assets. R25 runs RWA vault infrastructure on Pharos and Sui, BitFi Basis offers yield-bearing bfUSD and bfBTC tokens built on delta-neutral strategies, and Zivoe provides KYC-gated private credit. RockawayX curates risk on Morpho, and Avalon Finance brings Bitcoin-focused lending. Multichain protocols such as Morpho Blue and Chainlink CCIP also appear in the Pharos list, and our site currently covers 14 dApps on the chain.
Pharos ecosystem in numbers
- Tracked
- 14
- Reviewed
- 14
- Total TVL
- $13.6B
- Avg. score
- 6.3/10
Largest by TVL
- 1
Morpho Blue$10.9B
- 2
CCIP$1.85B
- 3
RockawayX$299M
- 4
BitFi Basis$237M
- 5
R25$198M
Highest rated
- 1
- 2
- 3
Reservoir Protocol7.0
- 4
- 5
Avalon Finance6.8
Reviewed
Top-rated dApps on Pharos
Chainlink CCIP is a cross-chain messaging and token-transfer protocol for developers, token issuers and institutions, with about $1.89B TVL on 21 chains.
TVL $1.85B−2.7%Ethereum · Solana · Avalanche +17
Reservoir Protocol issues the rUSD stablecoin and yield assets srUSD and trUSD across 17 chains, for DeFi users seeking stable yield.
TVL $69.6M−2.3%Monad · Ethereum · Plasma +14
BitFi is a CeDeFi platform offering yield-bearing bfUSD and bfBTC tokens backed by delta-neutral CeFi and DeFi strategies, for stablecoin and Bitcoin holders.
TVL $237M−3.7%BNB Chain · Ethereum · Base +4
Avalon Finance is a Bitcoin-focused lending protocol with on-chain markets across many chains and a fixed-rate CeDeFi credit line for institutions.
TVL $898K−23.3%IoTeX · BNB Chain · Bitlayer +18
RockawayX is a Web3 investor, validator operator and DeFi risk curator on Morpho, offering market-neutral yield strategies mainly for institutional clients.
TVL $299M+7.7%Ethereum · Solana · Monad +7
By sector
Best Pharos dApps by sector
DeFi on Pharos13
- 1
- 2
- 3
- 4
- 5
Infrastructure on Pharos1
- 1
Tokens
Top tokens on Pharos
Pharos's native coin is Pharos (PROS). The largest tokens with a contract on Pharos, by market cap.
Guides
Pharos guides
Blockchain
Blockchain Examples and How They WorkLearn how blockchains record and verify transactions, how consensus keeps a shared ledger in sync, and how Bitcoin, Ethereum and other networks put the technology to work. See practical examples, key trade-offs and ways to assess whether a blockchain is a good fit.
Blockchain
Blockchain for Data: Uses, Limits and How It WorksBlockchains can create shared records that are difficult to alter, but they are not a general-purpose replacement for databases or file storage. Learn what belongs on-chain, how blockchains connect to outside data, and when the trade-offs make sense.
Blockchain
Casper Network and CSPR: A Practical Guide for 2026Casper Network is a proof-of-stake blockchain, and CSPR is its native token. This guide explains the network’s purpose, how CSPR is used, and what to check before staking or transacting.
Blockchain
Cosmos Network Guide: Chains, IBC and ATOM in 2026Cosmos is an ecosystem of independent blockchains, not one chain that processes every app and token. Learn how the Cosmos Hub, Cosmos SDK and IBC fit together, what ATOM does, and how to assess transfers, staking and risks in 2026.
Blockchain
How the Bitcoin Lightning Network WorksThe Bitcoin Lightning Network moves payments through channels that sit on top of Bitcoin, so most transfers do not need their own blockchain transaction. Learn how channels, routing, fees and liquidity work, and what to consider before using Lightning.
Blockchain
How to Mine Cryptocurrency on Android in 2026Android phones can run mining software, but their limited processing power, battery drain and heat make profitable mining unlikely. Learn how to assess the risks, try a small proof-of-work experiment safely, and spot apps that only simulate mining or sell cloud contracts.
Pharos FAQs
What is Pharos?
Pharos is a Layer-1 public blockchain that is compatible with the EVM and focuses on real-world financial applications such as stablecoin settlement and tokenized real-world assets. Its native token is PROS.
Is Pharos EVM compatible?
Yes. Pharos is described as EVM-compatible, so Ethereum-style wallets and smart contract tooling are generally expected to work with it. Check the Pharos documentation for current network settings and supported wallets before connecting.
What is the PROS token used for?
PROS is the native token of Pharos. As on most chains, it is generally what you would expect to use for network fees. Confirm the current fee details in the official docs, since they can change.
Which dApps are available on Pharos?
Our Pharos page lists 14 dApps. They include RWA and yield projects such as R25, BitFi Basis, Zivoe and AquaFlux Yield, along with lending and risk-curation apps such as Avalon Finance and RockawayX.
How much value is locked in Pharos DeFi?
At the time of writing, DeFi TVL on Pharos is about $111.3 million. That figure moves daily, and some listed dApps, such as AquaFlux Yield, show little or no value locked on the chain.
Are all dApps on Pharos built only for Pharos?
Not necessarily. Several Pharos dApps are multichain, including Morpho Blue and Chainlink CCIP, so you may see them on many networks. Check which chain a specific deployment runs on before you deposit, and note that some products, such as Zivoe, require KYC.
What is the largest dApp on Pharos by TVL?
Morpho Blue is the largest dApp on Pharos by total value locked, with $10.9B across all the chains it supports. It is followed by CCIP ($1.85B) and RockawayX ($299M). TVL figures come from DefiLlama and change daily.
Which dApp on Pharos has the highest DappsAtlas score?
Morpho Blue has the highest score at 8.0/10, ahead of CCIP (7.6) and Reservoir Protocol (7.0). Scores weigh security, ease of use, fees and features, and are based only on facts we could verify.
How many dApps are on Pharos?
DappsAtlas tracks 14 dApps on Pharos. Of these, 14 have a full review and 12 report value locked, $13.6B in total, counting value on every chain they support.
What are the most common types of dApps on Pharos?
Lending (3), Real-World Assets (3) and DEXes (2) are the largest categories on Pharos, by number of projects.
Which dApps on Pharos grew the most this week?
Among dApps with at least $1M locked, Accountable had the biggest 7-day TVL gain (+47.5%) and BitFi Basis the biggest drop (−3.7%). Combined TVL moved +2.9% over the same seven days.
What is the average score for dApps on Pharos?
The 11 rated dApps on Pharos average 6.3 out of 10. Of these, 1 score 8 or higher and 2 score below 5.