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How to Stake Phala Network
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About Phala Network
4/15/2025, 9:36:32 AM
Market Stats
Market Cap
$79,939,941.98
FDV
Not enough data
Circulating Supply
789,536,903.615 PHA
Max Supply
Not enough data
Total Supply
1,000,000,000 PHA
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$46,734,306.54
1.79%
Volume (7D)
$351,528,450.84
Volume (30D)
$1,387,326,964.56
All time high
$1.41
Overall Price Change (1Y)
-0.52%
Additional info about Phala Network
Recent trends
The price of Phala Network has decreased by 1.51% in the last hour and increased by 9.47% in the past 24 hours. Phala Network’s price has also risen by 20.12% in the past week. The current price is $0.10 per PHA with a 24-hour trading volume of $46.73M. Currently, Phala Network is valued at 92.83% below its all time high of $1.41. This all-time high was the highest price paid for Phala Network since its launch. The current circulating supply of Phala Network is 789,536,903.615 PHA which means that Phala Network has as total market cap of $79,939,941.98.
Market details
PHA vs markets
↘ 58.99%
PHA vs BTC
↘ 64.52%
PHA vs ETH
↘ 10.42%
Tags
ai-big-data
distributed-computing
privacy
zero-knowledge-proofs
+14
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.10 | ↗ 9.47% |
1 Day | $0.0925 | ↗ 9.47% |
1 Week | $0.0850 | ↗ 20.12% |
1 Month | $0.12 | ↘ 16.16% |
1 Year | $0.21 | ↘ 52.26% |
FAQ
Phala Network is a service that aims to provide privacy-preserving cloud computing. It seeks to offer computing power on par with existing cloud services while ensuring the privacy of managed programs. The network operates on a TEE-Blockchain Hybrid Architecture, which allows developers to deploy confidential smart contracts that run inside the TEE Enclaves in the CPU. Phala Network is built on Substrate and aims to function as a parachain of the Polkadot ecosystem. The network's native utility token, PHA, is used for various functions within the network, such as acquiring trusted computing resources, compensating for data exchange, staking for security assurances, and participating in community governance.
Phala Network functions by addressing the trust issue in the computation cloud. It is a trustless computation platform that seeks to enable extensive cloud processing without compromising data confidentiality. The network is built around TEE-based privacy technology already embedded into modern processors, creating a versatile and confidential distributed computing cloud. By separating the consensus mechanism from computation, Phala Network aims to ensure that processing power is highly scalable. As a member parachain of the Polkadot cross-chain ecosystem, Phala Network aims to provide computing power to other blockchain applications while protecting the data layer.
Phala Network has a broad range of potential use cases. It can enable privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, and the development of light-node cross-chain bridges, among other possibilities. On-chain services currently being developed on Phala Network include Web3 Analytics, which uses high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy. This aims to pave the way for an alternative to Google Analytics that inherently respects individual confidentiality.
Phala Network was established by a team of experienced developers and engineers, including Hang Yin, the founder and lead developer of Bitcoin Gold, and Marvin Tong, a senior product manager with experience in some of China's largest internet companies. The network was designed to address the privacy problem in blockchain technology, which limits the usage of blockchain in processing sensitive business and user data. Phala Network's solution is to utilize special hardware, i.e., Trusted Execution Environment (TEE), to provide a higher level of security, including isolated execution, code integration, and state confidentiality.
We update our Phala Network to USD currency in real-time. Get the live price of Phala Network on Coinbase.
The current market cap of Phala Network is $79.94M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Phala Network is $1.41. This all-time high is highest price paid for Phala Network since it was launched.
Over the last 24 hours, the trading volume of Phala Network is $46.73M.
Assets that have a similar market cap to Phala Network include Across Protocol, Paxos Standard, IQ, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Phala Network is 790 million.
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Phala Network news
Social stats
Contributors
0
Posts
0
% About Phala Network
0.06%
Hold times
0 days
X (Twitter)
0% bullish
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
0 unique individuals are talking about Phala Network and it is ranked #0 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Phala Network has an average sentiment score of 0 out of 5. Finally, Phala Network is becoming less newsworthy, with 0 news articles published about Phala Network.
On Reddit, Phala Network was mentioned in 0 Reddit posts and there were 0 comments about Phala Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.