PHA
Phala Network
PHA

Phala Network price

in USD
$0.09361
-$0.00444 (-4.53%)
USD
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Market cap
$75.91M
Circulating supply
811.8M / 1B
All-time high
$1.456
24h volume
$8.33M
3.9 / 5
PHAPHA
USDUSD

About Phala Network

PHA (Phala Network) is a privacy-focused cryptocurrency that enables secure and confidential computing on the blockchain. It uses Trusted Execution Environments (TEEs) to ensure data remains private while still being verifiable, making it ideal for applications like decentralized AI, secure data processing, and private smart contracts. PHA powers transactions and services within the Phala ecosystem, offering users a way to interact with privacy-preserving technologies. Its real-world use cases include healthcare data analysis, confidential DeFi, and trusted AI agents, making it a key player in the future of secure, decentralized computing.
AI insights
Infrastructure
Official website
White Paper
Block explorer
CertiK
Last audit: Jul 17, 2021, (UTC+8)

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Phala Network’s price performance

Past year
-26.35%
$0.13
3 months
-2.09%
$0.10
30 days
-14.66%
$0.11
7 days
-13.93%
$0.11

Phala Network on socials

NFTPerks 🇵🇹
NFTPerks 🇵🇹
Every crypto cycle has its own flavor. In 2017 it was ICOs. In 2021 it was DeFi and NFTs. Each time, the early hype made fortunes, but it also left behind countless failed projects that never solved a real problem. That’s why I believe the next cycle will look very different. This time, it won’t just be about hype coins or flashy narratives it will be about infrastructure, interoperability, and verifiable trust. Think about it: as AI, DeFi, and gaming all evolve, they will depend on something deeper than speculation. They’ll need trust at scale. Who is verifying the proofs? Who is ensuring systems work across chains? Who makes AI outputs auditable without exposing private data? That’s where @zkvprotocol ($VFY) comes in. Instead of trying to be another chain fighting for attention, zkVerify is building the Universal Proof Verification Layer. It’s already proving itself with. Integrations with ApeChain, Arbitrum, Ankr, Phala Network, zkEmail, and Space & Time Proven traction: 2.7M proofs verified, 29K+ addresses, 400K+ testnet participants Over 90% cost reduction compared to Ethereum verification 💡 The winners of the next cycle won’t be loud. They’ll be essential. zkVerify is exactly that kind of project. 👉 Learn more at | Follow @zkvprotocol | Sep 30th TGE #zkVerify
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Justin Wu | Token2049
Justin Wu | Token2049
Everyone’s building with ZK. But who verifies the proofs? 👀 That’s where zkVerify comes in the universal layer for proof verification. ✅ 2.7M+ proofs already verified ✅ 90%+ cost savings vs Ethereum ✅ Trusted by ApeChain, Arbitrum, Ankr, Phala & more 📅 TGE Sept 30 → Follow @zkvprotocol
zk V e r i f y
zk V e r i f y
7 proof types, one verification layer. While other chains pick favorites, zkVerify verifies them all.
23.44K
118
NFTPerks 🇵🇹
NFTPerks 🇵🇹
In every bull run, there’s no shortage of hype coins. They pump hard, dominate headlines, and then disappear just as fast. It feels exciting in the moment, but for most people, those gains don’t last. That’s the difference between short-term hype and lasting wealth. The projects that survive and create real value aren’t the ones riding trends they’re the ones with fundamentals, adoption, and utility. *Here’s how I separate the two:* Tokenomics that make sense vs. unsustainable emissions Real-world adoption vs. empty partnerships Proven product-market fit vs. promises that never launch Infrastructure solving critical problems vs. speculation Using that lens, @zkvprotocol ($VFY) clearly falls into the “lasting wealth” category. It’s not chasing hype it’s building the backbone of verifiable trust for Web3. *Just look at the data:* 2.7M proofs verified already 29K+ unique addresses 400K+ testnet participants 90%+ cheaper verification compared to Ethereum Partnerships with ApeChain, Arbitrum, Ankr, Phala Network, zkEmail, and Space & Time 💡 Wealth in crypto comes from owning infrastructure, not hype. zkVerify is an infrastructure play with adoption, a revenue model, and future-proof utility. That’s why I’m watching closely as we approach Sep 30th TGE. 👉 | Follow @zkvprotocol | #zkVerify
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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 $0.09361. 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
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
153.10321 (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
$75.91M
Circulating supply
811.8M / 1B
All-time high
$1.456
24h volume
$8.33M
3.9 / 5
PHAPHA
USDUSD
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