Source code roughly translates into programming. The application you run is a binary, and one can build a binarry from the lynx source code by compiling it. DOSLynx does exist and is seeing some development from what I hear. There's more info at the Lynx Enhanced Pages. 2.6 is now available.
Lynx is a hypertext browser with full World Wide Web capabilities.
It is distributed under the GNU General Public License without restrictions on usage or redistribution, and is supported by the Lynx user community. A majordomo list exists for the distribution of Lynx related information, updates, and development discussion. All new releases will be announced on this list.