Pharos (PROS) price

Pharos is a token on the Base network — Coinbase's Ethereum Layer 2 — trading under the ticker PROS. The project operates through pharos.xyz and launched in late 2024. CoinGecko classifies it in the wrapped-tokens category, which typically denotes a digital representation of an asset from another blockchain adapted for use on the target network.

The specific mechanics of the Pharos protocol and the role of the PROS token are not thoroughly documented in publicly available sources. A public GitHub repository exists. Depending on the underlying design, PROS may serve as a medium of exchange, a governance instrument, or a bridged representation of a native asset from another chain.

Approximately 135.6 million tokens are in circulation, against a total planned supply of 1 billion. No hard supply cap is set, making the model inflationary. The token reached an all-time high of $1.12 in May 2026.

The primary risks stem from limited transparency: without clear protocol documentation, evaluating the token's economic design is difficult. Roughly 86% of the projected billion-token supply is not yet in circulation, leaving significant potential for future unlock pressure. An inflationary model without a fixed ceiling requires sustained demand growth to offset dilution. As a wrapped-token structure, PROS also carries risks tied to the integrity of the bridging mechanism and the utility of the underlying asset.