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Phala Network PHA

Phala Network Price (PHA)
$0.2083
9.05% Buy PHA Now

0.0000681 ETH

0.00000332 BTC

Buy PHA Now
Low: $0.2079
High: $0.2423
24h
Market Cap
$148,371,439
9.05%
Fully Diluted Market Cap
$208,164,776
9.05%
Volume
24h
$12,038,919
35.95%
Volume / Market Cap
0.0811
Circulating Supply
712,263,964 PHA
Max Supply
--
Total Supply
1,000,000,000

Phala Network (PHA) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.19%

Joined at Aug 27, 2019

Following

689

0.15%

Tweet count

3,847

0.63%

Phala Network reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Phala Network (PHA) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Phala Network telegram
Telegram Stats
Visit Telegram

Members

0.54%

Title

Phala Network Official - Expect Chaos!

Phala Network traffic
Website Traffic
Visit Website

Website Rating (DR)

65 / 100

1.56%

Ahrefs Rank

188,104

6.29%

Organic Traffic (mo.)

812

30.24%

Phala Network github
GitHub Organization
Visit GitHub

Public repos

Created at Jan 08, 2020

Type

Organization

Phala Network github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Phala Network (PHA) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 121,086

Members: 11,111


Live PHA Price Analysis

The current real time Phala Network price is $0.2083, and its trading volume is $12,038,919 in the last 24 hours. PHA price has plummeted by 9.05% in the last day, and decreased by 21.19% in the last 7 days. It’s important to note that current Phala Network market capitalization is $148,371,439, Talking about circulating supply, PHA has 712,263,964 coins. Currently, Phala Network rank on the market is #273.

Phala Network price today is 25.29% below all time high, and it is 656.56% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling PHA are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is the Phala Network (PHA)?

PHA is the native token of the Phala Network, which is a permissionless computing protocol. Take a look at the Phala Network price chart featured above to see the current PHA price.

Essentially, the Phala Network allows users to develop confidential smart contracts, as well as sell, buy, or trade ​​contract-based data. However, it also offers other features and services, including:

  • Web3 Analytics. An analytics creation center built on Web 3.0 that aims to become an alternative to Google Analytics.
  • SubBridge. A cross-chain bridge that allows users to move currencies between Phala and other blockchains.
  • PhalaWorld. A gamification layer created on top of the Phala Network.
  • Phat Contract. An innovative programming model that enables off-chain computation.

Who Founded the Phala Network?

The Phala Network crypto project was founded by Hang Yin, Marvin Tong, Zhe Wang, and Jun Jiang.

Hang Yin has a degree in computer science. He is also the lead developer of the Phala Network. In the past, Yin was a senior software engineer at Google. Besides, he has a lot of experience with artificial intelligence.

Marvin Tong has a degree in business. Before co-founding Phala, he worked as a product manager at Tencent and DiDi.

Zhe Wang is an entrepreneur with a degree in computer science. He is the former CEO of Xiaohei AI Games and CTO of Haha AI Vending Machine.

Jun Jiang is a webmaster of RubyChina. Prior to joining the founding team of the Phala Network, he was the CTO of KnewOne and a software architect at DJI.

How Does the Phala Network Function?

The Phala Network was built using Parity’s Substrate, which is a blockchain development framework. It made the Phala Network interoperable with Polkadot. However, in 2022, Phala won the 13th Polkadot Slot Auction and became the official Polkadot parachain. In addition to that, Phala has a Canarian network called Khala, which runs on the Kusama network.

The Phala Network adopts a distributed computing architecture to separate computation from consensus.

To create a secure distributed computing cloud, Phala combines Trust Execution Environment (TEE) hardware with blockchain technology. TEE is a feature of the CPU that can be found in computers or smartphones. It essentially enables Phala Network to establish a safe environment for the execution of smart contracts, guarding against the disclosure of sensitive personal data.

Confidential smart contracts on TEE are executed by worker nodes. Overall, there are three types of nodes: genesis node, gatekeepers, and miners. The Genesis node is responsible for setting up cryptographic parameters and starting the network. Gatekeepers ensure the availability and security of the network. Miners execute the confidential contracts.

Use Cases of PHA Tokens

PHA is the native utility token of the Phala Network. If you’d like to see the current PHA price, make sure to check out the Phala Network price chart above. Talking about its use cases, the following are the main ones:

  • Rewards. PHA tokens are used to reward miners and gatekeepers.
  • Means of payment. PHA tokens are used to purchase computing resources, as well as pay data exchange fees.
  • Governance. By staking PHA tokens, users can become a part of the Phala DAO and participate in the decision-making process considering the Phala Network crypto project.
  • Staking. Users who want to become gatekeepers or miners have to stake PHA tokens.

Tokenomics of PHA

The max supply of PHA tokens is 1 billion. 15% of that supply was allocated to the private PHA sale during which the PHA price was $0.01. Though talking about the further PHA token distribution, 70% of the supply is set aside for rewards, while the remaining portion was split between developers, network testers, and the PHA airdrop.

What's Phala Network trading volume in the last 24 hours?

PHA has a trading volume of $12,038,919 in the last 24 hours.

What's Phala Network highest price ever?

PHA has a highest price of $0.2788, which was reached on Apr 08, 2024 (1 week 1 day ago).

What's Phala Network lowest price ever?

PHA has a lowest price of $0.0275, which was reached on Dec 11, 2022 (1 year 4 months ago).

What are the best exchanges for buying and selling PHA?

Currently, the most active and dominating exchanges for buying and selling Phala Network are Binance, Kraken & Kucoin. The most popular Phala Network trading pairs are PHA/USDT (on Binance ), PHA/USDT (on Gate.io ), PHA/USD (on Kraken ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping PHA?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Phala Network. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Phala Network project's Circulating Supply has been verified and is equal to:

Circulating Supply

712,263,964 PHA

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Phala Network is $0.2083

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