Phala Network (PHA) price, chart, coin profile and news

Find the latest Phala Network (PHA) price, coin profile, news and history to get you started with Phala Network trading and investing.

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What is Phala Network?

The Phala blockchain is a privacy-focused crypto project for data protection and smart contracts. The network is one of a few crypto projects looking to make the crypto space truly private. According to Phala’s website, the Phala network was built on Substrate and is, therefore, interoperable with the Polkadot ecosystem. It also runs as a Parachain within the Polkadot ecosystem, making it an interoperable blockchain in its own right. However, it takes interoperability to the next level by allowing all interoperable smart contracts to be completely confidential. Working on Polkadot, Phala provides privacy-preserving smart contracts via its Trusted Execution Environment (TEE) hardware. All those with TEE supported devices can support the Phala network as a TEE node. Phala is also the name given to the native utility token, also known as PHA. Token holders can use PHA to buy trusted computing resources in the Phala network or data exchanges. By holding a particular amount of PHA tokens, a user can also join the Phala Decentralised Autonomous Organisation (DAO) and participate in community governance.

Phala Network (PHA) is the 605th largest cryptocurrency in the world by market cap, valued at $27,856,458. The current price of Phala Network is $0.17273376, which is -8.272% lower than yesterday. Prices have ranged between $0.19410624 and $0.1663416 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 09:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Phala Network (PHA) price

Use our graph to track the performance of (PHA) over time.

Phala Network at a glance

Information last updated May 18, 2022 09:05 UTC.
Coin symbol PHA
Coin Marketcap AUD$27,856,458
Total PHA supply 1,000,000,000
Circulating PHA 233,019,538
Current price AUD$0.17273376
All time high AUD$2.88
All time high date May 15, 2021

Phala Network price performance over time

Historical prices compared with the price of $0.17273376.

1 hour 0.92%
24 hours -8.27%
7 days -37.45%
14 days -47.17%
30 days -54.99%
60 days -48.45%
200 days -82.96%
1 year -89.74%

Disclaimer: Cryptocurrencies, including Phala Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of PHA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Phala Network or any other cryptocurrency discussed.

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