PHA
Phala Network
PHA

Phala Network price

in USD
$0.0946
+$0.00014 (+0.14%)
USD
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Market cap
$76.69M
Circulating supply
812.35M / 1B
All-time high
$1.456
24h volume
$7.97M
3.9 / 5
PHAPHA
USDUSD

About Phala Network

PHA (Phala Network) is a privacy-focused cryptocurrency that enables secure, decentralized computing. It uses advanced technology called Trusted Execution Environments (TEEs) to protect data while it's being processed, making it ideal for applications that require confidentiality, like AI or legal services. PHA is used within its ecosystem to power smart contracts, pay for services, and participate in network governance. Unlike many cryptocurrencies, Phala Network focuses on real-world privacy solutions, offering a trustworthy way to handle sensitive information on the blockchain. Its technology has gained recognition from major industry players, positioning it as a key project in the growing field of confidential computing.
AI insights
Infrastructure
Official website
White Paper
Block explorer
CertiK
Last audit: Jul 17, 2021, (UTC+8)

Disclaimer

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Phala Network’s price performance

Past year
-28.07%
$0.13
3 months
-0.96%
$0.10
30 days
-13.84%
$0.11
7 days
-2.44%
$0.10

Phala Network on socials

Jas 🍌
Jas 🍌
$PHA starting to stir again Held $0.091 support and pushed to $0.096 on steady $5.5M daily volume. Break above $0.10 could open a path to $0.12, while losing support risks $0.085. Feels like quiet base-building before the next move.
Gallery 1
19.16K
138
Sherif | DeFi
Sherif | DeFi
$PHA showing signs of life lately. After defending $0.091 support, price pushed to $0.096 with steady $5.5M daily volume. A clean breakout over $0.10 could open room toward $0.12, while losing support risks $0.085. Is this quiet base-building before the next move?
Gallery 1
11.61K
107
先知 $M | 🐜
先知 $M | 🐜
Recently, the three major internet celebrities have been banned one after another: Lan Zhanfei, Zhang Xuefeng, and Hu Chenfeng. I still love watching Lan Zhanfei's videos, but the online conclusion for the ban is that he "promotes materialism and distorted values". It seems he doesn't really have distorted values, right? He just proposed the idea of lying flat? I don't understand, I really don't. Speaking of the recent @ZKVProtocol, the prophet hasn't been lying flat; there's a countdown of 3 days left to push up the rankings. In simple terms, zkVerify has done one thing👇 It has extracted the verification process of ZK proofs from various applications and created a cross-chain, modular public network. This means that whether you are using Groth16, STARK, or Plonky2, it can almost connect to all of them, and the verification cost is said to be reduced by over 90%. In the past, verifying a ZK proof on Ethereum could easily cost two to three hundred thousand gas; now, zkVerify uses a native verifier written in Rust, maximizing efficiency and directly cutting costs. Moreover, it is also a cross-chain all-rounder, supporting ApeChain, Arbitrum, Ankr, and Phala, and can even seamlessly bridge Web2 and Web3 data, whether it's for privacy transactions, anti-cheat in blockchain games, or AI result verification, it can get involved. So how can we participate now? ① ② Complete some galaxy tasks to earn points; the mainnet goes live on October 1st. ③ Follow @ZKVProtocol on Twitter, retweet and like tweets with #zkVerify, and give a star on GitHub to double your points. In the last two days, let's all work hard together so we don't miss out on @ZKVProtocol.
Gallery 1
14.32K
15
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Phala Network FAQ

Phala Network (PHA) is a secure cloud computing service that offers a platform for developing personal computing applications.

Phala Network utilizes confidential smart contracts through a Trusted Execution Environment (TEE). By employing this method, Phala Network ensures the preservation of data privacy and security while harnessing the advantages of blockchain technology.

Easily buy PHA tokens on the OKX cryptocurrency platform. One available trading pairs in the OKX spot trading terminal is PHA/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for PHA with zero fees and no price slippage by using OKX Convert.

Currently, one Phala Network is worth $0.0946. For answers and insight into Phala Network's price action, you're in the right place. Explore the latest Phala Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Phala Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Phala Network have been created as well.
Check out our Phala Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Phala Network

Phala Network (PHA) is an advanced blockchain technology that enables private computing and secure software development. Built on the Substrate framework, this cloud service offers flexibility in addressing the increasing need for data privacy in today's information economy.

What is Phala Network?

Phala Network merges blockchain's decentralization and security features with the privacy offered by secure computing environments. This unique combination empowers developers to confidently build and utilize applications that handle sensitive data. With a mission to preserve the freedom and confidentiality of the Internet, Phala Network strives to become the leading infrastructure for blockchain privacy.

Phala Network team

The Phala Network is led by a team of highly skilled and experienced blockchain developers and enthusiasts. Co-founder and CEO Marvin Tong, who previously served as the technical head of the blockchain laboratory at Tencent, brings invaluable expertise to the project. 

Hang Yin, another co-founder, and the chief scientist, leverages his experience as the chief blockchain scientist at Ethereum Classic Labs. The team also benefits from the contributions of Shunfan Zhou, a former project lead at DOTWallet, who adds to their wealth of knowledge and experience. 

How does Phala Network work?

Phala Network operates through a confidential smart contract called "pallets." These pallets are executed within a secure environment called the Trusted Execution Environment (TEE), which resides in a protected area of the central processor. The TEE ensures data is processed securely and in isolation, safeguarding it against external exposure or leaks.

Phala Network collaborates with the Polkadot Network to enhance its security and scalability. The network architecture comprises two key components: the Phala Blockchain and the runtime. The Phala Blockchain handles consensus and on-chain governance, while the runtime operates within the TEE, executing confidential contracts and facilitating secure data processing.

Phala Network native token — PHA

The native token of Phala Network is called PHA. Within the Phala ecosystem, the PHA token serves multiple utility functions. It acts as a medium of exchange in the Phala marketplace, rewarding miners for their contributions, and can be used as a staking currency.

The road ahead for Phala Network

The future of Phala Network holds great promise as the platform aims to improve the blockchain ecosystem significantly. With ambitious growth and service enhancement goals, Phala Network is set to achieve new milestones. Notably, the upcoming integration with Polkadot and the introduction of the decentralized data analysis tool Web3 Analytics will bolster Phala's scalability and effectiveness.

One of the critical focuses of Phala Network is to enhance its privacy infrastructure. This involves refining technologies like Trusted Execution Environment (TEE) and secure zones to provide even stronger privacy measures. Additionally, Phala Network is committed to developing user-friendly tools, documentation, and resources for developers, fostering ecosystem growth and making it easier for developers to build privacy-focused applications on the platform.

Interoperability is another crucial aspect of Phala Network, recognizing the importance of seamless integration with other blockchain networks and traditional systems. The network aims to establish bridges and integration points that enable data transfer and assets between different platforms, expanding its reach and utility.

Phala Network places great emphasis on community engagement and governance. The network actively encourages community participation by organizing events, forums, and initiatives. Moreover, token holders can actively participate in decision-making processes, shaping the future direction of Phala Network.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Phala
Consensus Mechanism
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-09-28
End of the period to which the disclosure relates
2025-09-28
Energy report
Energy consumption
97.91374 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
$76.69M
Circulating supply
812.35M / 1B
All-time high
$1.456
24h volume
$7.97M
3.9 / 5
PHAPHA
USDUSD
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