PHA
Phala Network
PHA

Phala Network price

in EUR
€0.077329
-€0.0017131 (-2.17%)
EUR
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Market cap
€62.75M #191
Circulating supply
812.46M / 1B
All-time high
€1.240
24h volume
€7.40M
3.9 / 5
PHAPHA
EUREUR

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
-28.90%
€0.11
3 months
-7.41%
€0.08
30 days
-16.68%
€0.09
7 days
-6.90%
€0.08
55%
Buying
Updated hourly.
More people are buying PHA than selling on OKX
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Phala Network on socials

Mr.理想三旬(🌸, 🌿)(3/3)(FREE, WON)( ✧ ᴗ ✧ )
Mr.理想三旬(🌸, 🌿)(3/3)(FREE, WON)( ✧ ᴗ ✧ )
"0G and Mira: The Infrastructure Landscape in the Making" Last week, 0G @0G_labs and Mira @Mira_Network @MiraNetworkCN completed their TGE one after the other, and the market response has been quite positive. @0G_labs is continuously expanding on the mainnet, with a more solid foundation for cross-chain and storage. @Mira_Network is ramping up on the validation network, making their collaboration and ecosystem more comprehensive. They are each moving upward, as if filling in key gaps in the same puzzle, gradually piecing together a more complete landscape for AI infrastructure. ____🐼____📝____ 🐼____📝____ 🐼____📝____ "0G Mainnet Advancement" The landscape of 0G @0G_labs mainnet is rapidly expanding. @ankr has already integrated, providing efficient and stable RPC infrastructure for Aristotle, ensuring developers have speed and scalability, supporting the deployment of AI applications. Meanwhile, @chainlink has also launched on 0G @0G_labs, using CCIP as the core cross-chain protocol, allowing $0G to have the positioning of a Cross-Chain Token (CCT) and meeting low-latency oracle needs with Data Streams. The addition of these two major infrastructures has made the cross-chain and AI-driven scenarios of 0G @0G_labs increasingly solid, truly stepping onto a trajectory of counter-cyclical growth. ____🐼____📝____ 🐼____📝____ 🐼____📝____ "Collaboration and Expansion" Mira @Mira_Network has been accelerating forward without a moment's pause, collaborating with more projects to make the validation network more comprehensive. @plumenetwork has secured over 200,000 users in the RWA market, becoming an entry point for funds and users; @0G_labs provides AI-optimized decentralized storage, adding permanence and verifiability to data. Mira @Mira_Network @MiraNetworkCN is also continuously connecting more infrastructures and application parties, extending validation capabilities into computing power, data, models, and scenarios. "Computing Power and Ecosystem" Distributed GPU consensus is supported by @ionet, @exa_bits, @SpheronFDN, @Hyperbolic_labs, @gaib_ai, etc., lowering costs and eliminating single points of failure; in the agent ecosystem, @sendaifun, @arcdotfun, @myshell_ai, @Spectral_Labs, @PhalaNetwork, etc., are integrating with Mira validation to ensure trustworthy outputs. ____🐼____📝____ 🐼____📝____ 🐼____📝____
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16.92K
70
Wu Blockchain
Wu Blockchain
According to Wu, Phala Network announced that due to the expiration of Phala's Polkadot parachain slot on November 20, 2025, a proposal has been submitted to terminate the parachain and fully migrate to Ethereum L2, in line with Intel's roadmap (TDX + GPU confidential computing) and the broader EVM ecosystem.
5.49K
0
Phala
Phala
👋 Goodbye SGX, Hello GPU TEE. 👋 With Phala's Polkadot parachain slot expiring on Nov 20, 2025, we've submitted a proposal to sunset the parachain and fully migrate to Ethereum L2, aligning with Intel’s roadmap (TDX + GPU confidential compute) and the broader EVM ecosystem.
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85
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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 €0.077329. 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
2024-09-29
End of the period to which the disclosure relates
2025-09-29
Energy report
Energy consumption
81.12696 (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
€62.75M #191
Circulating supply
812.46M / 1B
All-time high
€1.240
24h volume
€7.40M
3.9 / 5
PHAPHA
EUREUR
Easily buy Phala Network with free deposits via SEPA