Pharos is a cutting-edge, modular Layer 1 blockchain built with a parallel-processing architecture to support high-performance DeFi and real-world asset (RWA) applications. It offers full EVM compatibility, near-instant (1-second) finality, and super-high throughput—up to 30,000 TPS and programmed to reach 50,000 TPS—all while integrating compliance tools like ZK-KYC/AML at the core.

Pharos raised $8 million in a seed round on November 8, 2024, co-led by Lightspeed Faction and Hack VC, with participation from SNZ Capital, Reforge, Dispersion Capital, Hash Global, Generative Ventures, Legend Star, MH Ventures, Zion, and Chorus One.

On May 7, 2025, Pharos launched its public Testnet designed for enterprise-grade RWAs and DeFi, showcasing its high speeds, modular design, and support for institutional use cases.

On-Chain Insights

Recently LayerHub listed Pharos, so you can access advanced analytics and statistics of the Pharos Testnet. LayerHub provides detailed metrics on transactions, user activity and other important indicators, which makes the platform transparent and understandable for ecosystem members.

Pharos Metrics and User Engagement

Thanks to LayerHub’s integration, users can seamlessly monitor crucial Pharos metrics, analyze trends, and evaluate their engagement levels in various ecosystem activities. Let’s explore the metrics.

Transaction count and Wallets by Active Days

The total number of transactions amounted to almost 503M, with a peak of 18M transactions per day. However, the average number of active wallets per day is not that high for such a project, it stays around 800K.

Thanks to LayerHub, we can dig deeper and look at key metrics regarding wallets. For example, more than 77% of wallets have less than 5 transactions and more than 75% have been active for less than one day.

Wallets by Number of Interacted and Created Contracts

Since the testnet was launched, a little over 4M contracts have been created in total. But the statistics among wallets can be surprising.

From all active users, only 26% have interacted with contracts, from which 49% have interacted with less than 5.

Only 6% of all wallets created a contract, from which 98% created less than 5.

How to get into top 10%

So, based on the resulting metrics and numbers, the following criteria for getting into the top 10% of the leaderboard can currently be identified:

  • Interact with more than 5 contracts.
  • Create more than 1 contract.
  • Complete more than 40 transactions.
  • Be active for more than 9 days.
  • Hold more than 0.7 $PHRS.

Let’s get started

Zenith Swap

Zenith Swap is a next-generation decentralized exchange (DEX) built natively on the Pharos Network, designed to offer seamless, lightning-fast, and secure crypto trading. As the DeFi landscape on Pharos continues to evolve, Zenith Swap stands out with its intuitive interface, robust security architecture, and near-instant transaction finality — all powered by Pharos’ scalable infrastructure. For users looking to engage with the Pharos ecosystem, Zenith Swap provides a reliable gateway to swap assets efficiently, explore emerging tokens, and contribute to liquidity in a rapidly growing network.

What to do:

OpenFi

OpenFi is a decentralized lending protocol on the Pharos Network that brings real-world utility to decentralized finance. By enabling users to borrow stablecoins like USDC and USDT against tokenized real-world assets (RWAs) — including real estate and money market funds — OpenFi unlocks new liquidity opportunities within the ecosystem. This innovative approach not only enhances capital efficiency but also expands the use cases of DeFi on Pharos, making OpenFi a key player in connecting traditional finance with blockchain-native solutions.

What to do:

Gotchipus

Gotchipus is an innovative AI-driven dynamic NFT (dNFT) pet companion project built on Pharos Network, deeply infused with DeFi logic and on-chain soul mechanics.

What to do:

  • Visit Gotchipus.
  • Connect your wallet & mint.
FaroSwap

FaroSwap is one of the native decentralized exchanges built on the Pharos Network, powered by BreederDodo’s DEXpert technology. It offers seamless swaps between PHRS and major assets like USDT, USDC, WBTC, and WETH. FaroSwap stands out by supporting a diverse range of liquidity pool types — including DODO’s Proactive Market Maker (PMM), modified Uniswap V2, and Uniswap V3 — giving users flexible options for providing liquidity and optimizing capital efficiency.

What to do:

  • Visit FaroSwap.
  • Connect your wallet.
  • Swap and add liquidity.
PNS

Pharos Name Service (PNS) lets users secure unique, human-readable domain names on the Pharos Network — simplifying wallet interactions and strengthening personal branding within the ecosystem. A PNS domain is more than just an address: it’s your digital identity, your gateway to dApps, and a recognizable presence in the growing Pharos community. Whether you’re a trader, builder, or early adopter, PNS helps you stand out and connect across the decentralized web.

What to do:

  • Visit PNS.
  • Connect your wallet.
  • Search for a name.
  • Mint domain.
Grandline

Grandline is the Pharos Network’s native NFT launchpad and marketplace, inviting you to mint, trade, and showcase digital collectibles that capture the spirit of the Pharos universe. In a few clicks, creators can turn artwork and in‑game assets into verifiable on‑chain NFTs, while collectors secure true ownership and join a thriving community that’s shaping the ecosystem’s visual identity. If you want a tangible stake in Pharos culture—one that can be displayed, traded, or integrated across dApps—Grandline is your gateway.

What to do:

  • Visit Grandline.
  • Connect your wallet.
  • Mint NFT.

Conclusion

To secure a spot in the top 10% of users:

  • Interact with more than 5 contracts.
  • Create more than 1 contract.
  • Complete more than 40 transactions.
  • Be active for more than 9 days.
  • Hold more than 0.7 $PHRS.

Don’t forget to use LayerHub to monitor real-time Onchain statistics, track your wallet ranking via Wallet Checker. Stay updated with the latest analytics and insights on Pharos through LayerHub!