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How to Stake Phala Network
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About Phala Network
6/2/2025, 2:08:12 PM
Trading Insights
Searched
78
Market Stats
Market Cap
$108.18M
4.41%
FDV
$135.65M
Circ. Supply
797M PHA
Max Supply
1B PHA
Total Supply
1B PHA
Diluted Valuation
$136.06M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$28.68M
-20.08%
Volume (7D)
$213.98M
Volume (30D)
$2.61B
All time high
$1.41
Price Change (1Y)
-26.6%
Additional info about Phala Network
Recent trends
The latest PHA price is $0.14. Compared to Phala Network's value of $0.13 from 24 hours ago, there's been a 4% increase, while the current price is 5% up from $0.13 which was recorded one week ago. Phala Network's all time high is $1.41, which was reached on May 15, 2021. This is a -90% change from its price today.
The current circulating supply of Phala Network is 797,498,992. This is 80% of its max supply of 1,000,000,000 PHA and 80% of its total supply of 1,000,000,000. The market cap is currently $108.18M, which is a result of multiplying the current price of Phala Network($0.14) by the total supply(1,000,000,000 PHA). The fully diluted valuation of Phala Network is $135.65M. The diluted valuation of Phala Network is $135.65M.
Market details
PHA vs markets
↘ 44.06%
PHA vs BTC
↘ 51.26%
PHA vs ETH
↗ 10.71%
Tags
ai-big-data
distributed-computing
privacy
zero-knowledge-proofs
+17
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.14 | ↗ 4.45% |
1 Day | $0.13 | ↗ 4.14% |
1 Week | $0.13 | ↗ 5.44% |
1 Month | $0.11 | ↗ 26.12% |
1 Year | $0.18 | ↘ 26.60% |
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 $108.18M. 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 $28.68M.
Assets that have a similar market cap to Phala Network include Pocket Network, Tellor, Keep Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Phala Network is 797 million.
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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.