Phala Network (PHA) is not tradable on Coinbase.
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Phala Network is on the decline this week. ↘
The price of Phala Network has increased by 0.75% in the last hour and increased by 3.51% in the past 24 hours. Phala Network’s price has also fallen by 7.21% in the past week. The current price is $0.12 per PHA with a 24-hour trading volume of $26.13M. Currently, Phala Network is valued at 91.48% 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 784,331,197.172 PHA which means that Phala Network has as total market cap of $94,442,187.18.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$94,442,187.18
TVL
Not enough data
Circulating
$784,331,197.17
Max Supply
Not enough data
Volume (24h)
$26,134,619.99
↗ 27.28%
Volume (30D)
$796,848,545.38
Volume (7D)
$143,577,116.56
All time high
$1.41
Performance (1Y)
↘ 44.78%
Vs. Market (1Y)
↘ 45.01%
Vs. BTC (1Y)
↘ 53.47%
Vs. ETH (1Y)
↗ 9.07%
FDV
Not enough data
Networks
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.
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The current market cap of Phala Network is $94.44M. 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 $26.13M.
Assets that have a similar market cap to Phala Network include Across Protocol, Avail, Spell Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Phala Network is 784 million.
Date | Price | Change |
|---|---|---|
Today (March 14, 2025) | $0.12 | +3.51% |
24 hours ago (March 13, 2025) | $0.12 | +3.51% |
1 week ago (March 7, 2025) | $0.13 | -7.21% |
1 month ago (February 14, 2025) | $0.17 | -30.53% |
1 year ago | $0.22 | -44.78% |
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Conversion Table
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