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Phala Price

(PHA)

USD($)

$0.06887
0.00%(5m)

1m5m15m1h8h1d1W
Phala (PHA) Live Price Chart

    Phala Live Price Data

    Phala is currently trading at $ 0.06887, with a 24-hour trading volume of $ 282,974. Over the past hour, the price of Phala changed by -0.43%, and over the past week, its value in USD dropped by -10.51%. The circulating supply of Phala is 857,535,102 PHA, with a market cap of 60.44M USD, down -0.43% in the last 24 hours. Phala is ranked #347 by market cap.

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    Note: This data is for reference only.
    pk

    Phala(PHA) Profile

    altRank347
    rate--
    Expand
    $0.06837
    $0.07757
    ATH
    $1.40
    Price Change (1h)
    -1.28%
    Price Change (24h)
    -0.43%
    Price Change (7d)
    -10.51%
    Market Cap
    24h Volume
    Circulating Supply
    857,535,102
    Max Supply
    --

    About Phala

    • What Is Phala Network (PHA) Crypto?

      Phala Network is a privacy-focused blockchain project that provides confidential smart contracts and verifiable computation for the web3 ecosystem. It utilizes Trusted Execution Environments (TEEs) in CPUs to protect sensitive data and code, ensuring that smart contract execution remains private and secure.

      Phala Network is built to be a part of the Web 3.0 infrastructure, offering decentralized and secure off-chain compute capabilities. It aims to enhance the functionality and security of smart contracts within the web3 ecosystem.

      Phala operates as a parachain on the Polkadot network. Parachains are custom blockchains that connect to the main Polkadot Relay Chain, enabling interoperability and collaboration with other projects in the Polkadot ecosystem.

      PHA is the native utility token of the Phala Network ecosystem. It is used to pay transaction fees, access privacy services, incentivize network use, and can be staked on the network for rewards.

    • How Does Phala Network Work?

      Here’s an overview of how Phala works:

      Phat Contract

      The network introduces the concept of "Phat Contract," an off-chain programming model that allows developers to create advanced and privacy-preserving smart contracts.

      Secure Enclaves

      Secure Enclaves are a crucial component of Phala Network's architecture, providing a secure environment for executing smart contracts while preserving data privacy.

      Verifiable Computation

      The network provides verifiable computation capabilities, allowing users to verify the correctness of computations performed within TEEs. This feature enhances transparency and trust in the network.

      Web3 Integration

      Phala Network is designed to be part of the web3 ecosystem, supporting the development of decentralized applications (dApps) and services while ensuring privacy and security.

    • History of Phala Network and PHA Coin

      The founders of Phala Network include individuals with expertise in the technology industry. One of the key figures is Hang Yin, the Co-founder and Chief Scientist of Phala Network, who has a background in notable companies such as Google.

       

      Phala Network's launch history includes the deployment of a testnet called "Vendetta" in November 2020, during which many PHA tokens were distributed to participants.

    FAQ

    How much is 1 Phala (PHA) worth?
    KuCoin provides real-time USD price updates for Phala (PHA). Phala price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time PHA to USD exchange rates.
    Is Phala Network (PHA) a Good Investment?

    $PHA could be an attractive investment option for several reasons:

    Focus on Privacy

    Phala Network is designed to provide privacy and confidentiality for smart contract execution, making it appealing to users who value data security and privacy in blockchain transactions.

    Polkadot Integration as Parachain

    Being a parachain on the Polkadot network, Phala Network benefits from interoperability with other projects in the Polkadot ecosystem. This integration can enhance its utility and exposure to a broader user base.

    Strong Team of Founders

    The project's team includes members from well-known tech companies like Google and Tencent, which can instill confidence in its development and innovation capabilities.

    Verifiable Computation

    The network's focus on verifiable computation enhances transparency and trust, potentially attracting users looking for secure and auditable smart contract execution.

    Community-driven Approach

    Phala Network's community-driven approach encourages active participation and development contributions, fostering a sense of ownership among users.

    What Is Phala Network Price Prediction?

    The highly volatile nature of the crypto market makes it impossible to provide a reliable PHA price prediction. However, the following factors could offer insight into the price trends in the Phala crypto:

    Level of Adoption oh Phala Network

    The broader adoption of Phala Network for its privacy-focused smart contract capabilities can drive demand for PHA tokens, potentially increasing the Phala Network value.

    Competitive Landscape

    Competition from other blockchain projects with similar features can affect Phala Network's competitiveness and, consequently, the PHA coin price.

    Overall Crypto Market Conditions

    The broader cryptocurrency market often impacts the price of Phala Network crypto. Bull markets tend to lift Phala crypto price, while bear markets can lead to price corrections.

    Future Developments in the Phala Roadmap

    Progress in Phala Network's technology, such as the implementation of new features, improvements in security, and successful upgrades, can positively influence the PHA/USD price.

    How to Use PHA Token

    PHA is the native token of the Phala ecosystem and has the following use cases:

    Access Privacy Services on Phala

    PHA tokens are used to access and utilize the privacy-preserving cloud computing services the Phala Network provides. Users pay for these services with PHA tokens, and developers can deploy smart contracts that use PHA for confidential computations.

    Pay Transaction Fees

    Like many other blockchain networks, Phala Network charges transaction fees in PHA tokens. Users pay these fees when performing transactions on the network.

    Incentive Token

    PHA tokens can incentivize developers and participants to contribute to the Phala Network's growth and development. This can include rewards for building applications, securing the network, or participating in network upgrades.

    Participate in Phala’s Decentralized Governance

    PHA holders have governance rights, allowing them to participate in the decision-making process regarding network upgrades, changes to parameters, and other important matters related to the Phala Network.

    Trade or HODL PHA

    Trade Phala coin against other crypto assets on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell PHA or hold the token long-term if you believe in the future potential of the Phala Network project. Conduct thorough research, assess risk tolerance, and stay informed about market developments before trading or investing in Phala crypto.

    How to Mine PHA on Phala Network

    Mining on the Phala Network involves participating in the network's unique Trusted Execution Environment (TEE)-based mining process. Here are the steps to mine PHA on Phala Network:

    1. To mine PHA, you will need compatible hardware that supports TEE technology. This typically involves hardware with Intel SGX (Software Guard Extensions) capabilities.

    2. Install the necessary software and drivers for your hardware to enable TEE functionality.

    3. Connect to the Phala Network by setting up your node. This node will process computations while preserving data privacy.

    4. Before you can mine, you may need to stake some PHA tokens as collateral. Staking helps secure the network and ensures miners have a vested interest in its stability.

    5. Once your hardware and environment are set up, you can start mining. Your hardware will process computations securely within the TEE.

    6. As a miner, you will earn PHA tokens as rewards for contributing computational power and securing the network. These rewards are typically distributed periodically.

    7. Continuously monitor your mining setup to ensure it is running smoothly. You may need to perform maintenance tasks and updates to keep your mining operation efficient.

    How to Earn on Phala Network

    Phala Network offers several ways to earn PHA tokens, including:

     

    Mining

    Phala Network uses a unique mining system called TEE-based mining. Miners use trusted execution environments (TEEs) to process computations while maintaining data privacy. To become a miner, you must set up and configure the necessary hardware and software. Miners are rewarded with PHA tokens for their mining efforts.

     

    Gatekeeping

    Gatekeepers play a crucial role in managing the network's computing resources. They approve mining requests and ensure the network's security and performance. Gatekeepers earn rewards for their services.

     

    Participating in Growth Programs

    Phala Network often runs growth programs and promotions. You may earn rewards by actively participating in these programs, including swag boxes, hardware mining nodes, NFTs, and more.

    What is the all-time high price of Phala (PHA)?

    The all-time high price of Phala (PHA) is $1.40. The current price of PHA is down 95.11% from its all-time high.

    What is the all-time low price of Phala (PHA)?

    The all-time low price of Phala (PHA) is $0.0192. The current price of PHA is up 258.58% from its all-time low.

    How much Phala (PHA) is there in circulation?

    As of October 7, 2026, there is currently 857,535,102 PHA in circulation. PHA has a maximum supply of --.

    How do I store Phala (PHA)?

    You can securely store your Phala in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your PHA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.